Canadian International Minerals Inc – Rare earth, tantalum, silicon exploration targets acquiredadmin
October 15, 2008 Filed Under: Uranium Mining
Canadian International Minerals Inc (CIN) announce the acquisition of 100% interest in the Ladybug and Sugar pegmatite claims located in the Monashee region of east central British Columbia. Both claim groups lie in the Vernon East Half (GSC) geological map sheet, a region of B.C. that has seen very little exploration or detailed mapping.
The claim groups were staked to cover drainages with anomalous rare earth/tantalum coinciding with low uranium/thorium values in stream sediments (B.C. RGS Map 32).
The Ladybug claims cover a large (5 X 2.5km) granitic intrusive that had been mapped (GSC Open File 658, 1979) as pegmatite. A later geological map (GSC Open File 4370), produced in 2004 shows the intrusive as granite to quartz monzonite, though, there is no indication on the map that a field traverse actually entered the unit. The Ladybug claims total 1035.138 hectares.
The Sugar claims lie in an area of no detailed geology, but in a 1:250,000 scale map complied by B. N. Church of the B.C. Geological Survey (B.C. Minfile Map 082LSE) shows the area, as underlain by biotite granite, quartz monzonite and leucocratic pegmatite. The Sugar claims total 1543.15 hectares.
Both claim groups are in areas that have not been logged and are approximately 25 km. east, north east of Lumby.
CIN paid $5000 each for both claims with no carried interests, share issuances, royalties or further commitments other than B.C. government claim maintenance regulations.
The company has also acquired through staking 100% interest in the French Pegmatite 1 and 2 claims located 90km north of Revelstoke, B.C. These two claims cover the Argonaut Pegmatite Complex and total 860.866 hectares.
Excerpts from “Geological description from Geology of the Goldstream Map Area” (J.M.Logan, M. Colpron, B.C. Geological Survey. GF 1994. Paper 1995-1) about the Argonaut Pegmatite Complex are as follows:
“Abundant sills and dikes of pegmatite (1-5 m wide) intrude the psammitic schist exposed east of Argonaut Pass and along the flanks of French Creek”;
“they are most abundant along the ridge top west of Argonaut Pass and along the western flank of French Creek, where they comprise 50% of the outcrops”
“pegmatites are composed of quartz, plagioclase and muscovite and minor amounts of biotite and garnet. A peculiarity is the presence of pods of sillimanite 30-40 cm long.”
Pegmatites are course grained igneous rocks that produce most of the world’s tantalum, niobium, berylium as well as rare earths. Some examples of world class pegmatites are Greenbushes/Wogina in Australia and Bernic Lake in Manitoba, both that presently produce most of the world’s primary tantalum. Pegmatites are also sources of High Purity Quartz the preferred ore of silicon smelters.
While these new projects acquired by CIN are early stage the company believes they represent quality exploration targets at low entry costs to host new occurrences of economic amounts strategic metals. CIN has initiated a worldwide project evaluation for metals and minerals that the electronic technology, hybrid automotive and renewable energy are dependent on. The company has adopted a Project Generator strategy to position itself with a substantial inventory of projects that will be available for joint venture when the demands and shortages of these materials becomes mainstream to the investment world.
Canadian International Minerals Inc. is a junior resource company listed on the CNQ, Canada’s newest stock exchange under the symbol C-CIN.