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CMV China Minerals Mining Corp

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Share Name Share Symbol Market Type
China Minerals Mining Corp TSXV:CMV TSX Venture Common Stock
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China Minerals Announces $3 Million Summer 2012 Exploraion Program

17/04/2012 11:00am

Marketwired Canada


China Minerals Mining Corporation ("China Minerals" or the "Company") (TSX
VENTURE:CMV)(PINKSHEETS:HWTHF) is pleased to announce an upcoming $3 million
dollar exploration program that is planned for its Cassiar area properties,
which will be implemented by Equity Exploration Consultants Ltd. ("Equity
Exploration") of Vancouver, B.C.


The exploration budget is planned to be divided evenly between the Taurus and
Table Mountain properties, both of which contain resources prepared in
accordance with National Instrument 43-101 ("NI 43-101") in the categories
summarized below. The current program budget has utilized conservative cost
estimates and may be expandable beyond the 10,000 metres of drilling that is
suggested here. 


The Cassiar Gold project is 100% owned by the Company through a subsidiary, and
comprises the Taurus gold deposit, the Table Mountain gold mine, and nearly
60,000 hectares of contiguous prospective exploration properties. Cassiar
encompasses an entire, easily road accessible orogenic gold district in northern
British Columbia which has classic greenstone belt geology, numerous exploration
targets and open areas of mineralization in known zones. Exploration is planned
to comprise at least 10,000 metres of drilling at several target areas, as well
as ongoing target evaluation through re-evaluation of historical drill core,
outcrops, and previous geophysical and geochemical data.


Taurus Property

The Taurus property comprises northern portions of the Cassiar district and
contains the Taurus gold deposit ("Taurus"). Taurus hosts an inferred resource
of 1.06 million ounces of gold comprising of 33.1 million tonnes at an average
capped grade of 0.99 g/t Au using a cut-off grade of 0.50 g/t Au. The resource
is supported by a technical report titled, "Updated Resource Report on the
Taurus Project - Liard Mining District, B.C.", dated March 11, 2009 and prepared
by Thomas C. Stubens and Marinus Andre de Ruijter of Wardrop Engineering Inc.,
which was filed at www.sedar.com on March 18, 2009. A feasibility study has not
been completed on the Taurus resource and there is no certainty the disclosed
targets will be reached or that the proposed operations will be economically
viable.


Taurus was explored by previous operators with the objective of identifying
potential for a combination large tonnage open pit, and high grade underground
mine. Mineralization is open in many directions and contains the potential for
higher grade areas internal to the lower grade resource that comprise steeply
dipping northwest-trending shear vein and steeply dipping east trending
extension vein systems in mafic volcanic rocks. Approximately 5,000 metres of
drilling is planned to test (a) areas adjacent to higher grade portions of
mineralized zones internal to the deposit but where drilling is too widely
spaced to establish its continuity, (b) targets that are down-dip of
well-defined, shallow mineralized zones, and (c) stepout drill holes which will
test lateral continuity of mineralized zones into untested areas outside of the
resource. Numerous areas of open mineralization are present in the deposit area,
including previous intersections of 3.05 g/t Au over 25.45 m and 2.68 g/t Au
over 25.05 m in drill holes T95-13 and 07TC-07, respectively, in the Taurus West
zone, and 36.34 g/t Au over 5.36 m in drill hole TA-0914 in the Sable area,
which are open laterally.


Taurus also includes several additional targets identified as high priority for
further evaluation and follow-up drilling. At Wings Canyon, an intense vein
system lies within a broad, 0.5 km wide alteration zone which has so far
returned multiple 0.5 to 3 g/t Au grab samples in outcrop, and at the Newcoast
vein system, several drilling intercepts were obtained along strike, including
8.90 g/t Au over 1.8 m and 1.04 g/t Au over 28.35 m in a vein system that is
parallel to the Table Mountain veins. 


Table Mountain Property

The Table Mountain property ("Table Mountain") contains the Main (formerly
Erickson), Bain and Cusac gold mines which are past producing underground high
grade mines in southern parts of the Cassiar district which historically have
produced approximately 315,000 ounces of gold. A permitted 270 tonne per day
gravity/flotation mill, power plant, assay lab and tailing impoundment facility
are owned by the Company and located on the project, and were put under care and
maintenance by the previous owners in October 2007. 


Table Mountain contains several areas hosting resources prepared in accordance
with NI 43-101, which are supported by a technical report (the "Table Mountain
Report") dated May 18, 2010, titled, "Technical Report on the Table Mountain
Property, Liard Mining District, British Columbia", and prepared by Clifford A.
Pearson, P. Geo., and Finley J. Bakker, P. Geo., which was filed at
www.sedar.com on May 26, 2010. Resources occur principally in the Bain and Cusac
mine areas along the Eileen and Bain vein systems, and include an indicated
resource of 21,471 tonnes at an uncut grade of 18.02 g/t Au and additional
inferred resource of 65,757 tonnes at an uncut grade of 24.30 g/t Au. Additional
resources occur in the Main mine, mainly in the Bear vein system. Although no
feasibility study has been completed, these resources are largely accessible by
modern, recently rehabilitated underground ramp development which extends to
within several tens of meters of the vein systems in the Bain and Cusac
workings, and which is linked by road to the Company's milling facility. 


Exploration in 2012 at Table Mountain is planned to further test the known
resource areas through a combination of infill drilling in areas of inferred
resources, and testing for extensions and parallel adjacent veins that have been
intersected by isolated previous drilling intercepts. Adjacent targets to Bain
and Cusac for example include the New Target, MGH, Lily and Hot vein systems,
which contain previous intercepts of similar grades and widths to the resource
areas but which are open in many areas laterally and down dip. Vein systems in
the Table Mountain area show predictable structural control along second order
shear zones which splay off faulted mafic volcanic-ultramafic contacts, and
drilling is also proposed to follow up such target areas. These additional
targets include the Sky vein system, which occurs along a several kilometer
offset portion of the mafic volcanic contact, of which only a short strike
length has been tested, including intercepts of 5.93 g/t Au over 1.25 m which
are open laterally or down dip. Ongoing geological evaluation and modeling will
be utilized to refine and identify additional targets. 


Exploration timeline

Exploration is planned to commence on site in early June, 2012 and utilize at
least two drill rigs. Underground drilling on the Table Mountain project and the
potential for use of reverse circulation drilling for some of the Taurus infill
drilling to increase overall meters drilled at lower cost are being considered.
Further updates on the planning for the exploration and development of the Table
Mountain Gold Mine and the Taurus Gold Project will be announced as information
is made available.


The Company also continues to evaluate acquisition opportunities.

Technical aspects of this news release have been reviewed by board advisor David
Rhys, P. Geo., and by Darcy Baker, P. Geo., of Equity Exploration, who are
Qualified Persons as defined by National Instrument 43-101. 


About China Minerals Mining Corporation

China Minerals Mining Corporation is a Canadian based exploration and
development company with offices located in both Vancouver and Beijing. China
Minerals Mining Corporation's ambition is to build an international mining
company with an appropriate portfolio.


ON BEHALF OF THE BOARD OF DIRECTORS

David Bo, Executive Chairman

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