Cedar Mountain Exploration Announces 5,000 Metre Drill Program at Kelly Creek Project, Alaska
Vancouver, British Columbia - Cedar Mountain Exploration Inc. (CED: TSXV) (“Cedar Mountain” or the "Company") announces the 2011 Exploration Program at the Kelly Creek Property on the Seward Peninsula, Alaska. The 426 square km, 50 km long property contains three multi-kilometre-scale drill-ready gold target areas with a planned 5,000 metres of drilling set to commence in June. The Company has delineated 7 gold-in-soil target areas: Kelly Creek, Wolf, Wolverine, South Fox, North Fox, Moose and Jaeger.
“We are very excited about the 2011 Exploration Program and focusing our exploration efforts in Alaska,” said Charles Chebry, President and CEO. “The 7 gold-in-soil target areas are an indication that the Kelly Creek Project contains several large gold systems.”
2011 Kelly Creek Exploration Program:
- Tier 1 drilling of 5,000 metres at 3 multi-kilometre-scale gold-in-soil anomalies: Kelly Creek, Wolf, and Wolverine,
- Detailed soil surveys in the South Fox, North Fox, Moose, and Jaeger areas to advance these prospects and guide additional 2011 drilling as required,
- Generation of new gold prospects by aggressive follow-up (about 1,500 soil samples) of unevaluated soil and stream sediment gold anomalies in eight different areas,
- Reconnaissance geochem soil sampling and geological mapping of newly staked and under-explored areas.
Logistics / Mobilization / Infrastructure
The 2011 program is planned to commence in mid-June. The exploration program will be based out of a 24-man camp located near the Company’s 800 metre airstrip at Kelly Creek and will be supported by fixed wing aircraft, helicopter, and all-terrain vehicles.
Initially, the Company-owned diamond rig will be moved by all-terrain vehicle which is more cost-effective than using a helicopter supported drill movement and re-supply. The Kelly Creek Project is favourably situated 65 km by overland trail to all-weather road. Also there are two nearby tidewater access points, 50 km to the north and 55 km to the south-west.
The Kelly Creek Property is located on the Seward Peninsula, Alaska, 145 km north of Nome. Kelly Creek is a drill-permitted early-stage gold exploration property comprising 105,280 acres (42,605 hectares) that cover an entirely new gold district. Historic results indicate the presence of disseminated gold deposits in metasedimentary rocks. These deposits have similarities to disseminated gold deposits in Nevada and are a new type for the region.
The Company’s disclosure of a technical or scientific nature in this press release has been prepared by Dr. Travis Hudson, registered geologist, 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 mineral exploration company with a clear and distinct business strategy to identify, acquire, and explore high potential projects ready for rapid advancement. The flagship Kelly Creek Property on the Seward Peninsula of Alaska fits with the Cedar Mountain business strategy and demonstrates substantial potential for major gold discoveries. Cedar Mountain is a member of the Discovery Group of Companies: www.discoveryexp.com
ON BEHALF OF THE BOARD
Charles Chebry, Chief Executive Officer
Tel: (403) 283-0001
For more information on Cedar Mountain Exploration Inc., please visit the Company’s website:
www.cedarmountainexp.com or contact:
Anthony Huston, VP Business Development
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
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.