Mining Explorers 2012: China Minerals Mining Corp.
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Last updated 11/11/2012 at Noon
CMV: TSX-V/HWTHF: US
CEO: Ling Zhu (Beijing)
Advisor: David Rhys, M.Sc., P.Geo.
Advisor: Jack McClintock
China Minerals Mining Corp., formerly Hawthorne Gold Corp., focused on a C$3 million, 10,000-meter drill program in 2012 at its Cassiar-area properties in northern British Columbia with an exploration budget divided evenly between the Table Mountain and Taurus gold properties.
Exploration was implemented by Equity Exploration Consultants Ltd. of Vancouver, B.C. The Cassiar Gold project, including the Taurus gold deposit, the Table Mountain gold mine and the 23-kilometer-long (14 miles) Cassiar greenstone belt, encompasses nearly 60,000 hectares (148,260 acres) of contiguous prospective exploration properties.
In addition to drilling at several target areas, China Minerals aims to continue ongoing target evaluation through re-evaluation of historical drill core, outcrops, and previous geophysical and geochemical data.
The Taurus deposit hosts an inferred resource of 1.06 million ounces of gold in 33.1 million metric tons at an average capped grade of 0.99 grams per metric ton gold using a cut-off grade of 0.50 g/t gold.
At Table Mountain, the junior planned to further test known resource areas through a combination of infill drilling in areas of inferred resources, and testing for extensions and parallel adjacent veins that have been intersected by isolated previous drilling intercepts.
Drilling began with the first of two rigs June 15, followed by a second drill a week later.
Ongoing geological evaluation and modeling will help refine and identify additional targets.
China Minerals said it also would consider underground drilling at Table Mountain and using reverse circulation drilling for some Taurus infill drilling to increase overall meters drilled at lower cost.
Cash and short-term deposits: C$4.89 million (May 31, 2012)
Working capital: C$5.22 million (May 31, 2012)
Market capitalization: C$9.5 million (Aug. 28, 2012)
Suite 717 - 1030 West Georgia Street
Vancouver, B.C. Canada V6E 2Y3
Ph: 604-629-1505 Fax: 604-629-0923
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