NEWS White Gold YukonSep 09, 2010 09:15 ET
Expedition and Aldrin Begin Trenching and Mapping Program on Yukon Brew Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2010) -Expedition Mining Inc. (TSX VENTURE:EXU) (the "Company") and AldrinResources Corp. (TSX VENTURE:ALN) are pleased to report that atrenching, sampling and mapping program has begun on its Brew projectlocated in the Yukon Territory approximately 20 kilometres east ofKinross/Underworld's White Gold project. Expedition Mining isconducting exploration on the Brew property under a joint ventureagreement with Aldrin Resource Corp. whereby Expedition can earn a 50%interest in the property.
Expedition Mining recentlycontracted with Groundtruth Exploration of Dawson to complete a soilsample survey on the Brew property and the results have been analyzedand a follow-up trench program has been initiated to evaluate thesignificance of the gold anomalies defined by the soil sample program.
Approximately2,615 samples were collected in the 2010 grid soil sample survey andpreliminary assay results have increased the size of the gold in soilsanomaly defined by the 2009 Ryanwood program (1360 soils). Thecompleted grid survey indicates that there is a large gold in soilanomaly that coincides with arsenic, antimony and base metal elementslocated in three zones that appear to be related to a strongnorthwest-trending fault system that is likely associated with regionalstructures thought to control mineralization on other active prospectsin the White Gold District. The Brew property gold in soil anomaly isnow over two kilometres in length and surface metal values indicate awidth of up to one kilometre.
The current trenchingprogram has been designed to develop drill targets to be tested in acore drilling campaign planned for the 2011 field season. The complexgeology identified in reconnaissance mapping suggests the Brew propertyis underlain by multiple northwest trending fault slices which coupledwith anomalies outlined by a ground magnetometer survey indicate theproperty has the potential to host mineralization similar to that atthe nearby White Gold and Coffee properties. The basic rock types atBrew include Devonian-age metavolcanic and metasedimentary rocks withan anomalous gold-molybdenum-mercury-arsenic-antimony-nickel soilgeochemical signature with gold-bearing placer deposits in adjacentdrainages.
Circular topographic features on the BrewProject may reflect ring fractures associated with the doming effect ofan underlying intrusion, possibly of Cretaceous age based on thepresence of other Cretaceous intrusions in the area (J. Pautler, P.Geo. Brew Project Summary, 10/27/2009). Mineralization at the Coffeeproperty of Kaminak Gold Corporation has been found within theCretaceous aged Coffee Creek pluton (Kaminak Gold website) andassociated with possible similar aged felsic dykes (Dawson Rocks coreshack, August 2010).
The company also intends to addadditional soil sample grid lines to close off several open-ended goldanomalies which were identified in this year's program.
Expeditionis also reviewing the logistics associated with rehabilitating alanding strip that is present on the Brew claim block. The runway isnot usable at this time but would require minimum work to return it tooperational condition allowing fixed-wing aircraft support for futureexploration programs.
Expedition Mining is optimisticthat at the end of this field season several drill targets will beidentified on the Brew property and that the potential for discoveringeconomic gold values will continue to improve.
Informationwith respect to the Brew property contained in this press release isapproved by Bert W. Jeffries, PGeo, qualified person required underNational Instrument 43-101.
Expedition Mining Inc. (TSXVENTURE:EXU) is a publicly held Canadian exploration company focused onacquiring, exploring and developing mineral properties located infavorable geo-political climates. The company is led by a highlyskilled, experienced board and management team with significantsuccesses in managing early stage mineral exploration companie