Canadian Metals Starts a Drilling Campaign for Establishing a Calculated Resource
May 13, 2015 (Source: Marketwired) — Canadian Metals Inc. (The “Corporation”) (CSE:CME) is pleased to announce the beginning of a drilling campaign. The company received the recommendation from experts to perform campaign, as it will provide a calculated resource required to sustain an annual production capacity of 50,000 tonnes of high grade ferrosilicon for the next 25 years.
The results of this drilling campaign will be presented under the NI 43-101 rules and they will be used in the future pre-economic assesement (PEA) that will be conducted by Canadian Metals in the coming months.
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Our Langis Project is on the fast track, The results of this drilling campaign will be used to deliver a pre-economic assesement (PEA) in the next few months.
In the last few months we have added exceptional consultants, board members and have a strong development plan, all is there for the success of our Langis Flagship project, comments Stephane Leblanc, President and C.E.O. of Canadian Metals.
For almost a decade, the quartz in Langis quarry was exported in Europe to produce Ferrosilicon. Canadian Metals has builted rapidly an international management team with local talent to establish and transform in Quebec the resource from Langis quarry in St-Vianney in high grade Ferrosilicon. With this project; Canadian metals wants to establish new standards in connection of Quebec government economic policy and development of Quebec Plan Nord. With the goal to create around a hundred highly qualified direct jobs and approximately 300 indirect jobs, Canadian Metals strongly believe that Province of Quebec has all the infrastructure including skill labor, rail, port and affordable green electricity to realize this industrial mineral project.
About Canadian Metals
Canadian Metals Inc. is focused exclusively on the exploration and development of its Langis Project, a high-purity silica deposit located in the province of Quebec. The Company is rapidly positioning itself to become a future producer of ferrosilicon in North America
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>