Cedar Mountain Stakes Entire Kelly Creek Gold Trend
Vancouver, British Columbia - Cedar Mountain Exploration Inc. (“Cedar”) is pleased to announce that it has completed its initial work program on the Kelly Creek Project and has expanded its land package to cover 89,600 acres (36,260 hectares) of prospective structure and stratigraphy contiguous with the historic Kelly Creek Prospect.
“The Kelly Creek Project is a newly identified, highly prospective district-scale gold target” stated Charles Chebry, President and CEO of Cedar, “Our initial grassroots program during 2010 has delineated the magnitude of the target and Cedar has secured a land position which now covers the entire extent of the known gold trend.”
The 2010 program was multi-phased and comprised:
- detailed soil sampling over the known Kelly Creek gold anomalies;
- upgrading gold anomalies from occurrences to prospects;
- generation of drill targets for the 2011 exploration season; and
- evaluation and prospecting of the entire 30 kilometre Kelly Creek Gold Trend.
Sampling and prospecting on the Kelly Creek Property was focused on four known gold bearing occurrences (Bear, Fox, Wolf, and Wolverine) located by reconnaissance sampling during 2007. In 2010, soil samples were tested by a XRF instrument, indicating pathfinder elements arsenic and antimony associated with gold at the Kelly Creek Prospect are present in anomalous concentrations throughout the sampled area. In total 1,729 samples, primarily soils were collected during the program and have been submitted to ALS Laboratories for gold and multi-element analysis.
Geological mapping, soil and stream sampling were conducted to the south of the present Kelly Creek Property along extensions of the favorable stratigraphic assemblage. Early indications from field examinations and portable XRF analyses of soils and stream sediments indicate that gold pathfinder elements are widely distributed along permissive stratigraphic and structural contacts, similar to those seen at the Kelly Creek prospect. In order to secure the newly identified prospective trend, Cedar has staked additional ground contiguous to the 32,640 acres (13,209 hectares) Kelly Creek Property. This staking brings the total claims on the property to 560 covering 89,600 acres (36,260 hectares).
The primary target on the Kelly Creek property is a near surface, bulk tonnage meta sedimentary-hosted gold deposit analogous to those located in the Carlin Trend of Nevada. Limited soil and stream sediment sampling programs conducted in the past have identified several prospects within the bounds of the property consisting of coincident gold (Au), arsenic (As), antimony (Sb), and mercury (Hg) anomalies. At the Kelly Creek prospect, a coherent gold-in-soil anomaly with continuous elevated gold assays of greater than 25 parts per billion was traced for more than 2 km and remains open to the south and west. In 1984, Anaconda Minerals Co. completed three small diameter drill holes totaling 140 metres within a portion of the anomalous area. This drilling produced intercepts of 1.07 g/t over 23.5 metres and 0.83 g/t over 32 metres. This anomalous area is largely untested and remains open in all directions.
This region of the Seward Peninsula was not glaciated during the last ice age and soil horizons containing elevated Au, As, Sb, and Hg assays are developed near to mineralized host rocks. As a result, soil sampling is highly effective in identifying and delineating priority drill targets along the mineralized trends.
The Kelly Creek Property is located on the Seward Peninsula 90 to 150 km north of Alaska’s prolific Nome mining district. Kelly Creek is a drill-permitted early-stage gold exploration property comprising 89,600 acres (36,260 hectares). Historic results indicate the presence of disseminated gold deposits in calcareous and carbonaceous metasedimentary rocks originally deposited in shelfal settings. The deposits have several characteristics similar to deposits in the Carlin Trend of Nevada.
The Company’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Peter Kleespies, P.Geol. who serves as a Qualified Person under the definition of National Instrument 43-101. The Kelly Creek project represents an early stage property and does not contain any mineral resources as defined by National Instrument 43-101.
CEDAR MOUNTAIN EXPLORATION INC. (CED: TSX-V) is a junior mineral exploration focused on gold resources in North America. Cedar is a member of the Discovery Group of Companies: www.discoveryexp.com
Charles Chebry, B.Sc., CMA
Chief Executive Officer
Cedar Mountain Exploration Inc.
Tel: (403) 283-0001
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com