Canadian International Minerals Inc. Acquires ISKO Gold Project in Windfall Lake / Urban-Barry Gold Camp
April 25, 2017 For Immediate Release
News Release TSX-V: CIN
Canadian International Minerals Inc. Acquires ISKO Gold Project in
Windfall Lake / Urban-Barry Gold Camp
April 25, 2017 – Vancouver, British Columbia – Canadian International Minerals
Inc. (the “Company”) (TSX VENTURE: CIN; FRANKFURT: 25C1) is pleased to announce
the acquisition of the ISKO gold project (the “Project”), located in the Windfall Lake /
Urban-Barry gold district of the Abitibi sub-province in Québec, host to the Windfall
Lake, Zone 18, Barry, Gladiator and Nubar gold deposits.
The ISKO property consists of 129 claim cells, with a total area of approximately
18,000 acres (7,284 hectares). It is accessible by all-season gravel forestry roads
from the town of Lebel-sur-Quévillon, located 57 km to the west.
The Project is premised as a possible continuation of the Cameron Deformation
Zone, which hosts a number of mineral deposits in Québec, including the Nyrstar’s
Langlois Mine approximately 40km to the northwest, which produces zinc and
copper concentrates with gold and silver by-products.
A review of the SIGÉOM (Système d'information géominière) database has outlined
prominent NW-SE trending faulting, as evidenced by provincially-sponsored
high-resolution airborne magnetic surveys. Historical outcrop map data indicates
the presence of andesitic, rhyolitic and metamorphosed volcanic units along the
same trend, supporting an extension to the Urban Barry Greenstone Belt, to the
NW and SE of the Project.
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Previous exploration in the immediate area is extremely limited, with most of the
Property having never been included in mineral claims. The Project is bordered by
Osisko Mining Inc. to the northwest, and North American Exploration Ltd. to the
southeast. The Company intends to complete geological mapping and geochemical
soil sampling surveys in the summer of 2017.
“The Windfall / Urban-Barry gold camp has been the focus of significant market
attention over the past few years, highlighted by Osisko’s ongoing 400,000-metre drill
campaign. Despite this substantial development, the region remains relatively
underexplored. We are excited to have acquired sizable tenure along a prospective
structural trend in a gold camp that is very much still emerging, and are looking forward
to getting boots on the ground this summer,” commented Michael E. Schuss, President
and Chief Executive Officer of Canadian International Minerals Inc.
To acquire a 100% interest in the Project, the Company will issue 3.5 million shares
and grant a 2% royalty to the vendors. The transaction is subject to regulatory
approval.
Qualified Person
The technical data in this news release has been reviewed by Thomas Hasek, P.
Eng., a Qualified Person under the terms of N.I. 43-101.
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements
address future events and conditions and therefore, involve inherent risks and
uncertainties. Actual results may differ materially from those currently expected or
forecast in such statements.
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.
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