NAR to fly CINs ground
Cdn Int'l Minerals optionees to begin Pikoo East survey
2015-09-14 09:40 ET - News Release
Mr. Michael Schuss reports
FIXED-WING MAGNETIC SURVEY TO BE FLOWN ON PIKOO EAST PROPERTIES
Canadian International Minerals Inc. has been notified by North Arrow Minerals Inc. and Stornoway Diamond Corp. that a fixed-wing magnetic survey is to be flown on the Pikoo East properties. The survey is expected to commence within the next week.
"North Arrow and Stornoway's decision to fly the Pikoo East properties is a major development for CIN, its shareholders and the emerging Pikoo district as a whole. Rightly or wrongly, the markets have not been kind to the Pikoo-area explorers, despite the large amount of positive exploration work that has been completed in the last two years by several public and private companies. We are hopeful that this airborne survey will continue to advance the Pikoo East properties, ultimately to a drill-ready stage, while also boosting the profile of the district and our other prospects in the area," noted Michael E. Schuss, president and chief executive officer of Canadian International.
The properties are under option to North Arrow and Stornoway, which may earn a combined 70-per-cent interest by financing exploration to a kimberlite discovery (including drilling) on any of the properties within a three-year period. North Arrow and Stornoway are conducting the work through their pre-existing joint venture on their Pikoo diamond project and are financing the work in proportion to their respective interests in said project.
The fixed-wing magnetic survey will be flown on 50-metre line spacings and will cover all of the claims CIN has under option. The survey data will provide a base to guide further exploration, including targeted till sampling and, if warranted, drilling.
2014 exploration and results
North Arrow and Stornoway conducted a limited reconnaissance-type till sampling program on the properties in the fall of 2014. Eleven till samples were collected and submitted to Microlithics Laboratories Inc. of Thunder Bay, Ont., for kimberlite indicator mineral processing. Details on the processing method can be found at the Microlithics website.
One sample returned a pyrope garnet with chemistry fitting the G9 garnet classification. This same sample also returned a picroilmenite, another strong kimberlite indicator mineral.