Canadian International Minerals Inc. (TSXV:CIN) is a Canadian-based junior mineral exploration company focused on the exploration and development of early stage mineral projects. The company’s management has a wealth of exploration knowledge, extensive industry contacts and a proprietary geological database. The company’s strategic focus is on the thorough examination of mineral properties, employing new geologic models to develop potential mineral deposits and maximize shareholder value.
- Lizar Property has a similar geological setting to the gold-bearing Abitibi Greenstone Belt, which has generated over 160 million ounces of gold since discovery
- Company owns a large proprietary geologic database
- Management team has a proven track record of world class mineral deposit development
- Extensive surface gold mineralization on Lizar Property
- Easy road access with all necessary mining infrastructure
- The company is employing a new geologic model in the exploration of the Lizar property
- Property in close proximity to several historic gold producers
The Lizar Project comprises 57 claims consisting of 657 units (10,640 hectares) in northwestern Ontario. Claims are readily accessible by logging roads from provincial highway 637, approximately 110 kilometers northeast of Hemlo and cover the famed Kabinakagami greenstone belt. Greenstone rock units in Ontario are host to some of the world’s largest precious and base metal mines.
Although the Lizar property has been primarily targeted for Hemlo-style gold deposit models, it appears to also have significant VMS (Volcanic Massive Sulphide) base metal and gold potential. Indications of nickel and platinum group metals are also apparent.
Surface gold mineralization is widespread on the Lizar property, with individual assays up to 41.6 grams per ton gold. The former Hiawatha gold mine adjoins the Lizar Property to the northeast. The Hiawatha Mine was known for high-grade gold samples of up to 383 grams per ton gold hosted in quartz veins in shear zones.
Canadian International Minerals is re-working the geologic model as no previous exploration work has focused on the granite hosted disseminated gold on the Lizar property. Several intrusive related gold deposits have recently been developed in Ontario including Canadian Malartic, 9.17 million ounces; and Hammond Reef, 6.86 million ounces.
Results of outcrop sampling on the Lizar property indicate a strong cluster of anomalous gold values (along with elevated As, Ag, Pb, Cu, Zn, Mo, or Bi) in the central part of the property. A Mobile Metal Ion (MMI) soil geochemistry survey, which measures the mineral isotopes within a soil sample, was conducted by Teck in 2003. These samples also indicated anomalous gold values as well as elevated silver and base metals values.
The company has acquired a comprehensive database from previous operators which includes a property wide airborne geophysical survey, and geological mapping survey conducted by Teck, as well as all relevant reports and historic data. The database may provide additional knowledge in evaluating the Lizar Project for intrusive related gold deposit potential. Canadian International Minerals is reviewing a variety of exploration techniques for the most cost-effective means to validate its new approach. These will include mapping, soil geochemistry, with a possible MMI survey, followed by trenching and drilling.
Monpre Iron Ore Project, Ontario, Canada
The Monpre Iron Ore Project is located approximately 60 kilometers west of Thunder Bay, Ontario, Canada within Canadian International Minerals’ wholly-owned Gold Creek claims in the Shebandowan gold district. The property was initially optioned for its historical gold resource and exploration potential.
An historical (not NI 43-101 compliant) resource estimate outlined 100 million tons grading 29.1% soluble iron (Vincienne, B., P. Eng, 1958). This resource was based on 41 diamond drill holes totalling 23,140 feet, and was contained within a proposed open pit, with a stripping ratio of 1.07 to 1. However, the resource estimate was determined using antiquated analytical techniques. More current assays have returned higher values of iron.
Canadian International Minerals is planning a program of mechanical stripping and trenching of the surface outcrops at Monpre. Samples will be supplied to several Chinese steel companies that have reviewed preliminary information prior to arranging site visits.
For more information on the Monpre Iron Ore Project, click here
Canadian International Minerals is a well-funded, Vancouver based junior mineral exploration company. The company has developmental stage properties in both base and precious metals under the direction of a management team which has a proven track record in world-class mineral deposit development.
The company follows a prospect generator exploration model, but differs from most junior exploration companies in the cost-effective, thorough manner in which it analyzes and evaluates potential mineral properties. The Lizar project primarily follows the Canadian International Minerals’ new geologic model for intrusive hosted gold deposits which the company believes will lead to successful results.
Michael Schuss – President, C.E.O., Secretary, Director
Mr. Schuss has over thirty-two years experience in mineral exploration. He has worked in the trading operations of a national brokerage firm, for several underground mining and surface drilling contractors has held director, officer and consultant positions to several V.S.E., A.S.E., and T.S.X. Venture companies. Mr. Schuss first travelled to China in 1989 and to Africa in 1993, and consulted for some of the first Canadian juniors to operate in those regions.
African projects whose potential were identified by Mr.Schuss resulted in a million ounce gold deposit being developed from grassroots exploration, and 3 separate joint ventures with a world-class gold producer and two mid-tier gold producers. In recent years he has specialized in acquiring mining properties in Africa, China and Canada for junior mining companies.
Tor Bruland, P.Geo. – Director
Mr. Bruland is a graduate of the University of Bergen, Norway, with Cand. Mag. (B.Sc.) in 1977 and Cand. Real. (M.Sc.) in 1980. Mr. Bruland arrived in Canada in 1980 and has more than thirty years exploration and management experience with major mining companies and junior exploration companies.
Casey Forward, C.G.A. – C.F.O., Director
As an independent professional accountant in Canada since 1990, Mr. Forward has worked for public companies in Canada, the United States and Great Britain. He has owned companies in Canada and, in particular, he was an owner and president of a company in the construction and land development business and an owner and president of a storage and transport company, both located in Edmonton, Alberta, Canada.
Garth Evans, B.A., LL.B – Director
A partner in the law firm Barbeau, Evans & Goldstein, Mr. Evans has a lifelong interest in mining exploration. He was previously a director and chairman of Ecstall Mining Corporation, which was taken over by Mantle Resources – now Canadian Zinc Metals Corp.
Chris Verrico – Director
Mr. Verrico has extensive experience in mining and construction contracting, particularly in Northern Canada. He is currently President and CEO of Lateegra Gold Corp.