VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2010) - ExpeditionMining Inc. (TSX VENTURE:EXU) (the "Company") and Aldrin ResourcesCorp. (TSX VENTURE:ALN) are pleased to report exploration progress onits Brew project located in the Yukon Territory approximately 20kilometres east of Kinross/Underworld's White Gold project. ExpeditionMining is conducting exploration on the Brew property under a jointventure agreement with Aldrin Resource Corp. whereby Expedition canearn a 50% interest in the property.
In June, 2010 the Brew claim block was expanded by staking anadditional 176 quartz claims to add to the original 168 claims stakedin 2009 by Dawson prospector Shawn Ryan. The additional claims doublethe Brew property size to approximately 70 square kilometres or 17,250acres. Shawn Ryan staked the original Underworld claims currently beingexplored by Kinross and also staked the nearby Coffee claim block beingexplored by Kaminak Gold Corporation. Preliminary soil sampling andreconnaissance prospecting indicate the Brew property containsgeological and geochemical features similar to the White Gold andCoffee properties.
Expedition Mining recently contracted Groundtruth Exploration of Dawsonto complete a soil sample survey on the Brew property. The recentsampling grid expands the original survey done by Ryanwood Exploration.This field season's soil program collected approximately 2,615 samplesand preliminary assay results have increased the size of the gold insoils anomaly defined by the 2009 Ryanwood program (1360 soils). Thecompleted survey indicates that there is a large gold in soil anomalythat coincides with arsenic, antimony and base metal elements locatedin three zones that appear to be related to a strong northwest-trendingfault system that is likely associated with regional structures thoughtto control mineralization on other active prospects in the White GoldDistrict. The Brew property gold in soil anomaly is now over twokilometres in length and surface metal values indicate a width of up toone kilometre. (See maps on website at
www.expeditionmining.com.)
The company intends to complete additional soil sampling and atrenching and geological mapping program designed to focus on the gold,arsenic and antimony anomalies identified from this season'sexploration activities. As assays are received, the trenching andgeological mapping program will be expanded. Mr. Ron Atlas, Presidentand Chairman said, "We are extremely lucky to have this opportunity. Weare working with Shawn Ryan and his team, who are experienced in theYukon, to help us bring this property to the drill-ready stage. Ourproximity to the Kinross/Underworld's and Kaminak properties and ourlocation in the White Gold District makes this one of the bestopportunities we have ever had."
In the eastern grid area, the gold in soil zone is associated withanomalous molybdenum, mercury, arsenic, antimony and nickel (Ryan,2009), in an area underlain by a complex zone of amphibolite(metavolcanic rocks), metasedimentary rocks, including marble lenses,and felsic orthogneiss. The complex geology may be suggestive ofmultiple northwest trending fault slices through this region, which isimplied by the radarsat image (Ryan, 2009). The ground geophysicalsignature is not suggestive of skarn type mineralization due to theabsence of magnetic high anomalies associated with the gold in soilanomalies. (J.Pautler, P. Geo. Brew Project Summary, 10/27/2009).
Circular topographic features on the Brew Project may reflect ringfractures associated with the doming effect of an underlying intrusion,possibly of Cretaceous age based on the presence of other Cretaceousintrusions in the area. (J.Pautler, P. Geo. Brew Project Summary,10/27/2009). Mineralization at the Coffee property of Kaminak GoldCorporation has been found within the Cretaceous aged Coffee Creekpluton (Kaminak Gold website) and associated with possible similar agedfelsic dykes (Dawson Rocks core shack, August 2010).
The Brew Project has potential to host mineralization similar to thatat the White Gold and Coffee properties based on similar geologicalsetting and geology (including Devono-Mississippian felsic orthogneiss,metavolcanic and metasedimentary rocks, with suggestions of a buriedprobable Cretaceous aged intrusion),gold-molybdenum-mercury-arsenic-antimony-nickel soil geochemicalsignature, and presence of nearby placer creeks. (J.Pautler, P. Geo.Brew Project Summary, 10/27/2009).
Expedition Mining is enthused about the potential of the Brew propertyand this year's program will add to the understanding of themineralization contained on the property.
Information with respect to the Brew property contained in this pressrelease is approved by Bert W. Jeffries, PGeo, qualified personrequired under National Instrument 43-101.
Expedition Mining Inc. (TSX VENTURE:EXU) is a publicly held Canadianexploration company focused on acquiring, exploring and developingmineral properties located in favorable geo-political climates. Thecompany is led by a highly skilled, experienced board and managementteam with significant successes in managing early stage mineralexploration companies.
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
This news release contains "forward-looking statements" within themeaning of the United States Private Securities Litigation Reform Actof 1995 and applicable Canadian securities legislation. Generally,these forward-looking statements can be identified by the use offorward-looking terminology such as "plans", "expects" or "does notexpect", "is expected", "budget", "scheduled", "estimates","forecasts", "intends", "anticipates" or "does not anticipate", or"believes", or variations of such words and phrases or state thatcertain actions, events or results "may", "can", "could", "would","might" or "will be taken", "occur" or "be achieved". Forward-lookingstatements are subject to known and unknown risks, uncertainties andother factors that may cause the actual results, level of activity,performance or achievements of Expedition Mining to be materiallydifferent from those expressed or implied by such forward-lookingstatements, including but not limited to: risks related to theexploration and potential development of the Brew property, the actualresults of current exploration activities, conclusions of economicevaluations, changes in project parameters as plans continue to berefined, future prices of gold. Although Expedition Mining hasattempted to identify important factors that could cause actual resultsto differ materially from those contained in forward-lookingstatements, there may be other factors that cause results not to be asanticipated, estimated or intended. There can be no assurance that suchstatements will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in suchstatements. Accordingly, readers should not place undue reliance onforward-looking statements. Expedition Mining does not undertake toupdate any forward-looking statements that are incorporated byreference herein, except in accordance with applicable securities laws.
ON BEHALF OF THE BOARD:
Ronald Atlas, President & Chairman of the Board
Expedition Mining Corp.
ON BEHALF OF THE BOARD:
Johnathan Moore, President
Aldrin Resource Corp.
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Issued Share Capital: 47,284,068
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