CDN Maverick Capital Corp C.CDN

Alternate Symbol(s): AXVEF

Metals & Mining Industrial Metals & Minerals

CDN Maverick Capital Corp. is a Canada-based diversified exploration company with a core focus on lithium. The Company’s projects include Northwind Lake Lithium Property, Poncheville Lithium Prospects and Rainbow Canyon Gold Project. The Northwind Lake Property is a lithium pegmatite exploration project located in the Electric Avenue Lithium District, located approximately 10 kilometers (km) north-northwest of the PAK Lithium Project and covers over 7,040 hectares (ha). The Poncheville Lithium Prospects span nearly 40,000 ha across the Poncheville and Chabinoche properties and are located approximately 65 kilometers (km) northeast of the mining town of Matagam. The Rainbow Canyon Gold Project is a precious metals exploration prospect located in the Olinghouse Mining District, about 40 km east of Reno in Washoe County, Nevada.

CSE:CDN - Post by User

CDN Maverick Capital Corp

Bullboard Posts

Post by texasbobon Nov 26, 2010 8:51pm

705 Views

Post# 17765245

Astral reverts to 60/40 JV

Astral Mining Corporation

TSX VENTURE: AA, AA.WT
PINK SHEETS: AAMJF
FRANKFURT: A7DA

Nov 26, 2010 18:40 ET

Astral Reverts to 60%/40% Joint Venture on Jumping Josephine, Begins Small Phase 2 Drilling Program on "Cedar Zone"

VANCOUVER,BRITISH COLUMBIA--(Marketwire - Nov. 26, 2010) - Astral MiningCorporation (TSX VENTURE:AA)(TSX VENTURE:AA.WT)(PINKSHEETS:AAMJF)(FRANKFURT:A7DA) ("Astral" or "the Company") announcesthat it has elected not to exercise its option to earn a 100% interestin the Jumping Josephine Property from Kootenay Gold Inc.("Kootenay"). By the terms of the option agreement dated December 14th2009, Astral could earn Kootenay's 40% share of the property over twoyears (Astral Mining News release dated December 16, 2009). Astral hasgiven notice that it will not proceed with the agreement and thecompanies will form an Astral 60% and Kootenay 40% Joint Venture. Goingforward the Joint Venture partners will contribute relative to theirpercentage holding or dilute their interests.

TheCompany has initiated a small follow up program to the 2010 programwhich successfully extended known mineralization along the JJ Mainstructure to a total known length of 2.25km and intercepted a potentialparallel mineralized zone "Cedar zone" 250m to the northwest of theoriginal JJ Main discovery (see Astral news release dated 4thNovember 2010 for details and results). Drilling of six HQ diameterdiamond core holes for a total of 500m at the Cedar zone is nowunderway.

Technical details contained in this newsrelease have been reviewed by Dale Brittliffe, P.Geo., a QualifiedPerson as defined in National Instrument 43-101 and Astral'sExploration Manager.

Astral Mining Corporation is aCanadian company engaged in the exploration and development of preciousmetal properties in the Americas. By focusing on exploration inmining-friendly districts, the Company minimizes the political andsocial risks encountered in many other parts of the world. With a newgold discovery at the Company's Jumping Josephine Gold Project inSouthern British Columbia and an experienced technical team andseasoned management, Astral is poised to leverage this expertise intoearly exploration success. Further details on Astral Mining Corporationand its high-quality portfolio of exploration projects can be found at www.astralmining.com.

ON BEHALF OF THE BOARD
"Manfred Kurschner"

Mr. Manfred Kurschner, President & CEO
Astral Mining Corporation

Bullboard Posts

Changing Europe’s dependency on HREE from China