| ||January 05, 2012|
China Minerals Commences Systematic Evaluation of Its Cassiar Assets
| ||China Minerals Mining Corporation ("China Minerals" or the "Company") (TSX-V: CMV, US: HWTHF) is pleased to announce the engagement of Equity Exploration Consultants Ltd. ("Equity Exploration") to evaluate the company's wholly owned Cassiar Gold Corporation assets in planning for an upcoming summer 2012 exploration drilling program. The Cassiar Gold project comprises the Taurus Deposit, the Table Mountain Gold Mine, and nearly 60,000 hectares of contiguous prospective exploration properties which are easily road accessible in Northern British Columbia. |
Cassiar encompasses an entire orogenic gold district with classic greenstone belt geology which has significant historical production. With over 1 million ounces in N.I. 43-101 compliant resources already defined, the project has high potential for the discovery of both bulk tonnage and high grade underground mineable vein systems to augment and upgrade the resource base. The properties have only limited exploration beyond areas of previous mining and resource definition, and many areas of mineralization are open, including most parts of the large Taurus resource. Near term production upside is possible at the company's fully owned and permitted mill which is currently on care and maintenance.
Equity Exploration will conduct over the short term an evaluation program of data compilation and interpretation of the extensive geological database for the project, with the objective of recommending a summer drilling program. This initial work is planned to be followed by drill core evaluation and remapping on site at the project to further enhance targeting and identify additional prospective areas. Equity Exploration provides a talented and efficient exploration team who has a focus on B.C. and Yukon geology, and an ideal background in assessment of both early stage and advanced targets, such as are present in the project area. The work will also be guided by David Rhys, P. Geo, who is an advisor to the Company and who has extensive experience in the structural evaluation of similar styles of gold districts globally. The ease of road access and at Table Mountain modern underground workings provide quick access to the principal target areas that will allow rapid and cost effective exploration of the project.
David Bo, Executive Chairman, said, "We are pleased to have a highly qualified team to assess the Cassiar properties. The team is very experienced in both evaluation and drill program implementation of large vein-gold systems. We believe this evaluation program will be the first step in starting the Company along the path to the rebirth of this very promising mining district."
Further updates on the planning for the exploration and development of the Table Mountain Gold Mine and the Taurus Gold Project will be announced as information is made available. The Company also continues to evaluate acquisition opportunities.
Technical aspects of this news release have been reviewed by David Rhys, P. Geo., a Qualified Person as defined by National Instrument 43-101.
About China Minerals Mining Corporation
China Minerals Mining Corporation is a Vancouver based exploration and development company with offices located in both Vancouver and Beijing. China Minerals Mining Corporation's ambition is to build an international mining company with an appropriate portfolio.
For more information on China Minerals, contact David Bo toll free at 1-888-629-1505 or the Company at (604) 629-1505, or you can visit the website at www.chinamineralsmining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"signed by David Bo"
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 of accuracy of this release.
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