ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

EXU

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:EXU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Expedition Mining Announces 2012 Exploration Program to Commence on the Black Hills, Jenny Hill and Slate Mountain Properties...

12/09/2012 2:15pm

Marketwired Canada


Expedition Mining Inc. (TSX VENTURE:EXU) (the "Company") wishes to announce that
it will commence exploration on the Black Hills, Jenny Hill and Slate Mountain
properties in the Walker Lane District in Nevada on September 22, 2012. 


The projects straddle the boundary between Nye and Mineral Counties,
approximately 160 kilometres southeast of Reno. There are many historical gold
and base metal mines and showings along the Walker Lane which have been active
since the mid 1880s. 


The Walker Lane District is known for significant gold deposits, and has been
referred to as the "Walker Lane Golden Corridor". This district hosts major
producing gold mines, including Round Mountain which has produced over 10
million ounces since inception; the Gold Hill property which hosts a 4.5 million
ounce deposit; the Bullfrog Mine which was the nation's second largest
underground gold mine in 1996, producing over 3.5 million ounces of gold;
Paradise Peak which has produced 1.6 million ounces of gold and 22 million
ounces of silver; the Rawhide Mine and surrounding area which has produced over
1.1 million ounces of gold and 9 million ounces of silver. The Black Hills and
Jenny Hill projects are located midway between the former producing Rawhide and
Paradise Peak deposits. 


The three properties are at the early-stage of exploration, but initial
prospecting has returned gold values in rock samples in excess of 137 g/t. The
work program will focus on acquiring baseline data for all three projects by
carrying out a detailed soil survey, geological mapping, ground magnetic survey,
hand trenching and rock chip sampling. 


"The Company is excited about these projects, the geographical area surrounding
the properties, and the accessible and low-risk jurisdiction that offers
opportunities for the discovery of high-grade gold deposits in mining-friendly
Nevada," states Ron Atlas, President of Exploration Mining. 


Mr. James Chapman, P.Geo, is the Qualified Person responsible for the design of
the program, and all exploration work on the Nevada Properties will be done
under his supervision. Mr. Chapman has read and approved the technical content
of this news release.


Expedition Mining Inc. (TSX VENTURE:EXU) is a publicly held Canadian exploration
company focused on acquiring, exploring and developing gold properties located
in favourable geo-political climates. The company is led by a highly skilled,
experienced board and management team with significant successes in managing
early stage mineral exploration companies. For additional information concerning
Expedition Mining Inc. or its various exploration projects please visit
Expedition's website at www.expeditionmining.com.


CAUTION REGARDING FORWARD LOOKING STATEMENTS:

This news release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "can", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Expedition
Mining to be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks related to the
exploration and potential development of any properties, the actual results of
current exploration activities, conclusions of economic evaluations, changes in
project parameters as plans continue to be refined, future prices of gold.
Although Expedition Mining has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Expedition Mining does not undertake to update any forward-looking statements
that are incorporated by reference herein, except in accordance with applicable
securities laws. 


ON BEHALF OF THE BOARD:

Ronald Atlas, President & Chairman of the Board

Expedition Mining Inc.    



Standard & Poor's Listed          Issued Share Capital: 58,186,789

1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart