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 alerts Register for real-time alerts, custom portfolio, and market movers

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 Inc.: 2012 Exploration Program Commences on the Joy and Mt. Mervyn Properties

10/07/2012 2:15pm

Marketwired Canada


Expedition Mining Inc. (TSX VENTURE:EXU) (the "Company") wishes to announce that
it has commenced the 2012 field program on the Joy and Mt. Mervyn Projects.
Crews have mobilized to open the camp and the field work started on July 7th.
The properties are located between the Kathleen Lakes Fault and the Dawson
Thrust, along the Rackla Gold Belt in the Yukon. The target is Carlin-type gold
mineralization similar to that currently being drilled by ATAC Resources and
Strategic Metals on their adjoining properties. 


The work program will focus on those portions of the properties that contained
multi-element geochemical anomalies, geophysical targets and prospective
geology. The geochemical anomalies are believed to be significant as they
include the important pathfinder elements of As, Sb, Hg and Tl which have been
associated with gold mineralization at the Rau and Nadaleen trends of ATAC
Resources, and the Crag showings of Strategic Metals. 


"Exciting discoveries have been made on properties adjacent to the Joy & Mt.
Mervyn properties and it is essential that the Company establish whether it has
viable Carlin type gold targets on our claims," said Ron Atlas, President of
Expedition Mining. "This program is designed to do that in the most efficient
and economical manner."


Prospecting in 2011 resulted in the discovery of two showings (Virga and
Kermoda) associated with the lower contact of the ultramafic unit on the Joy
property. Silver, lead-zinc mineralization is associated with quartz carbonate
veining. The showings are also highly anomalous in As, Cd, Hg, Sb and Tl along
with elevated gold. Rock sampling in the area of the showings has exposed strong
mineralization as shown in Table 1.


Table 1 Virga - Kermoda Showings, Selected Rock Sample Results



----------------------------------------------------------------------------
Sample       Width    Au    Ag     As     Cd    Hg     Pb    Sb    Tl     Zn
        --------------------------------------------------------------------
                     ppb   ppm    ppm    ppm   ppm    ppm   ppm   ppm    ppm
----------------------------------------------------------------------------
5267336       grab     0  5.11   3670  595.0  82.5  5.24%  89.5  0.61  8.51%
----------------------------------------------------------------------------
5267433  0.9m chip     0  0.03   1470   0.04   6.3   10.2  29.7   1.6     33
----------------------------------------------------------------------------
5267445  0.6m chip    23  8.05   2390  365.0  50.0  4.00%  89.8   0.6  5.87%
----------------------------------------------------------------------------
5267447  1.2m chip    11  5.72    523   1.28  0.34   7220  9.74  0.07    121
----------------------------------------------------------------------------
5267448  0.5m chip     6  35.9    712   2.53  0.67  3.93%  38.1  0.07    145
----------------------------------------------------------------------------



The mineralization identified to date is associated with extensive, and locally
intense, quartz-carbonate alteration zones. These zones show a strong
correlation to the east-west trending thrust slices of the Dawson Thrust,
particularly in the vicinity of cross-cutting northerly trending structures. 


Geological and logistical support for the program is being provided by Aurora
Geosciences, who constructed a 15 man camp on the Mt. Mervyn property in 2011. 


Mr. James Chapman, P.Geo, is the Qualified Person responsible for the design of
the program, and all exploration work on the Joy and Mt. Mervyn 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.      

Issued Share Capital: 58,186,789

Standard & Poor's Listed

1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart