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EXU

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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 Drill Results on Long Canyon Gold Property

29/05/2014 2:30pm

Marketwired Canada


Expedition Mining Inc. (TSX VENTURE:EXU) (the "Company") is pleased to provide
this update on the 2014 exploration programs within the Walker Lane Mineral
Belt.  


LONG CANYON PROPERTY 

The Company is pleased to report that the initial reverse circulation drill
program has been completed and assay results received for all holes. Eleven
holes were drilled to a maximum depth of 152.4 m (500 ft). The best results were
received from holes LCR-03 and LCR-06 which tested a 150 m section of a
northwesterly trending structure which can be traced across the property. The
Company is encouraged by the presence of wide zones of low grade mineralization
indicating a large hydrothermal system.




----------------------------------------------------------------------------
Hole      Azimuth   Dip   From (m)   To (m)   Interval (m)   Au g/t   Ag g/t
----------------------------------------------------------------------------
LCR-03        135   -60      21.34    39.63          18.29     1.07         
----------------------------------------------------------------------------
incl                         24.39    27.44           3.05     3.85      3.3
----------------------------------------------------------------------------
LCR-06         30   -60      57.93   121.95          64.02     0.25         
----------------------------------------------------------------------------
incl                         57.93    64.02            6.1    1.145     2.05
----------------------------------------------------------------------------
incl                         88.41    94.51            6.1    1.025      1.2
----------------------------------------------------------------------------



Drill hole LCR-06 was oriented perpendicular to the main structure which is
believed to be subvertical in orientation. Chip logging indicates that the
structural zone starts at a depth of 57 m, and may be up to 65 m wide. It
comprises numerous individual shears displaying elevated quartz content and
limonitic alteration. Previous surface sampling of this structure had included
1.16 g/t gold over 5 m.  


LCR-03 was targeting the intersection of the structure tested by LCR-06, with a
northerly trending vein system visible at surface. The highest gold value
received from this drill program appears to be related to the southern edge of
the structure where a 3.05 m (10 ft) interval assayed 3.85 g/t gold and 3.3 g/t
silver at a depth of 24.5 m. In both holes there is a direct correlation between
quartz content and gold values as would be expected in a vein controlled
environment. No sulphides were observed in any of the holes, indicating that the
depth of oxidation is in excess of 100 m.  


Sampling was carried out in 3.05 m (10 ft) intervals throughout all holes. Chips
were collected and logged at 1.78 m (5 ft) intervals and stored in plastic
trays. A duplicate set of samples has been kept for all holes to allow for
additional assaying or sample evaluation purposes.  


Structurally the Long Canyon project area is dominated by strands of the
northwest trending Walker Lane Fault Zone. Arcuate splays from the main faults
trend easterly across the property and are exposed in many of the drainages. One
of these splays hosts the mineralization encountered in Hole LCR-06. The
northerly trending structures extend through the Pilot Mountains to the north,
and are covered by pediment fans to the south. The intersections of these
structural zones are believed to be important localizing features for
mineralization. Hole LCR-03 was located to test one of these intersections. 


The Long Canyon project is situated in southeastern Mineral County and is
flanked by several well known historical mining districts. The former producing
Belleville Mine 8 kms north of Long Canyon reportedly produced around 100,000
ozs until 1939 from 2 quartz veins. To the west the Douglas Camp area was
dominantly a gold and silver camp which also contained abundant scheelite and
produced over $1,000,000 of tungsten during and after WW1. 


To the southwest the Candelaria District was known for high grade silver
deposits which averaged 60 oz/ton in the early days of mining, and produced over
68 million ounces of silver by 1999. 


Expedition's disclosure of a technical or scientific nature in this press
release has been reviewed and approved by James Chapman P.Geo, who serves as a
qualified person under the definition of National Instrument 43-101. 


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 of its 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.   

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Standard & Poor's Listed 

Issued Share Capital:   58,336,789

FOR FURTHER INFORMATION PLEASE CONTACT: 
Expedition Mining Inc.
William Galine
(604) 662-3903
bgaline@expeditionmining.com
www.expeditionmining.com

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