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Acadian Mining Corporation ADAIF



GREY:ADAIF - Post by User

Post by Fivetotwelveon Dec 15, 2009 12:00pm
688 Views
Post# 16588600

Maybe this is exiting

Maybe this is exiting

It is just - the timing isn´t good as usually.

Acadian Mining intersects 33 meters grading 1.37 g/t gold including8 meters grading 3.01 g/t gold at Beaver Dam, Nova Scotia

	    <<
Trading Symbol: ADA:TSX; C2Z-Frankfurt
Shares Outstanding: 491,691,616
>>

HALIFAX, Dec. 15 /CNW/ - Acadian Mining Corporation (TSX: ADA) ("Acadian"
or the "Company") announced the results of a further 4 diamond drill holes of
the recently completed 13 hole, 2360.5 meter program, on the Beaver Dam gold
property, Nova Scotia. Drill holes BD-09-143 and BD-09-144 are in-fill drill
holes on 12.5 m line spacing designed to increase the confidence level of the
current resource. Drill holes BD-09-145 and BD-09-146 are deeper holes
designed to test the down dip extensions of discrete higher grade zones within
the deposit near surface. The current resource is based on drilling on a 25 m
line spacing and 20 m along the line grid pattern. The ultimate objective is
to move the project, which is being evaluated for both its bulk tonnage-open
pit potential and underground potential at depth, to the feasibility stage.
Further exploration drilling is also planned with the objective of expanding
resources.
The highlights of drill holes BD-09-143 to BD-09-146 are presented in
Table 1 below. The three previously released drill holes (BD-09-140 to
BD-09-142) are presented in Table 2.
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