Expedition Mining Announces Drilling Commences on Long Canyon Gold Property
18 Marzo 2014 - 2:30PM
Marketwired
Expedition Mining Announces Drilling Commences on Long Canyon Gold
Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 18, 2014) -
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 drill has arrived on
the Long Canyon property and work commenced on March 17, 2014. The
1,600 m (5,000 ft) of reverse circulation drilling planned for the
initial drill program will test the anomalous gold values reported
from surface sampling and trenching. No previous drilling has been
carried out on the property.
This property consists of 39 unpatented lode claims located 200
kms southeast of Reno and 16 kms southeast of the community of
Mina, Nevada. Preliminary rock sampling has returned gold values up
to 1.7 g/t over 3 m, and up to 9.7 g/t gold and 529 g/t silver in
grab samples. The property hosts an extensive siliceous zone
containing strongly anomalous mercury (to 155,000 ppm), antimony
(to 987 ppm) and arsenic (to 2790 ppm) values.
This work has identified several structural trends associated
with multi-element soil anomalies. These structural zones trend
dominantly north-northeast and northwest, and intersect beneath the
extensive siliceous zone which occupies the central portion of the
property. The north-northeast trend is characterized by swarms of
narrow quartz veins with a general northerly orientation and
subvertical dip. These veins range from less than 1 cm to greater
than 1 m in thickness. At least two of these NNE zones have been
identified to date.
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 east-west across the property and
are exposed in many of the drainages. 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 the mineralization encountered at the Bellville Mine and the
deposits in the Douglas Camp.
The Long Canyon project is situated in southeastern Mineral
County and is flanked by several well known historical mining
districts. The Pilot Mountains to the north have a long history of
mercury production, followed by tungsten mining along the eastern
edge of the range. 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. By 1999 over 68 million ounces of silver had been extracted
from the mines in this district.
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
Expedition Mining Inc.William Galine(604)
662-3903bgaline@expeditionmining.comwww.expeditionmining.com
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