Canadian International Minerals Inc.Expands Land Package in Emerging Patterson Lake Uranium Camp in Saskatchewan
April 2, 2013 (Source: Newswire) — Canadian International Minerals Inc. (the “Company” “CIN”) is pleased to announce that it has acquired 50% interest in 8 claims totalling 34,762.177 hectares in the emerging Patterson Lake South (PLS) uranium district of the Athabasca region of west central Saskatchewan. The PLS project is a new uranium discovery presently being explored by Alpha Minerals Inc. and Fission Energy Corp. The other 50% of the newly acquired claims are owned by Tyko Resources Inc. (Tyko) of Thunder Bay, Ontario.
The claims were staked for their proximity to the PLS discovery and interpreted favourable geology for the occurrence of PLS style uranium mineralization. Geological and technical details of the properties will be released once compilation and review of data is completed. A map detailing the current claim locations can be viewed by clicking here
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The claims are subject to a 2% NSR.
With this latest claim acquisition and including claims announced in news release dated March 19, 2013, CIN has exposure to 59,987.177 hectares of mining claims proximate to PLS. Under a joint venture agreement with Tyko, the company will be designated to undertake the function of operator.
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. The transaction is subject to the acceptance of the TSX Venture Exchange.
Neither 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.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Canadian International Minerals Inc. undertakes no obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements
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