NR on Property acquisition
Cdn Int'l Minerals acquires three Sask. properties
2014-09-12 07:31 PT - News Release
Mr. Michael Schuss reports
CANADIAN INTERNATIONAL MINERALS INC. ACQUIRES 100% INTEREST IN PIKOO EXTENSION PROPERTIES IN EMERGING SASKATCHEWAN DIAMOND CAMP
Canadian International Minerals Inc. has acquired a 100-per-cent interest in three properties collectively called the Pikoo extensions A, B and C from three private arm's-length individuals.
The company will pay $3,239 (staking costs) and issue 600,000 common shares the vendors. The three claim groups comprise eight claims totalling 4,207 hectares (10,395 acres). There are no royalties or further commitments by CIN other than assessment requirements to maintain the properties as per Saskatchewan government regulations. The Pikoo extension A group directly adjoins North Arrow Minerals Inc.'s Pikoo property to the northeast, with Pikoo extensions B and C lying approximately seven kilometres northeast of North Arrow's Pikoo's northern boundary. A map of the properties can be found on the company's website.
North Arrow has made a new diamondiferous kimberlite discovery in the Saskatchewan craton, establishing a new diamond exploration region that is underexplored by Canadian standards. The Pikoo extension properties cover a major regional fault structure (Tabbernor fault) in the Saskatchewan Craton, and are centred approximately 140 km east of La Ronge, Sask. With these latest additions, the company is now exposed to approximately 114,938 hectares of prospective ground in the emerging Pikoo diamond camp.