OAKVILLE, ON, June 23, 2014 /CNW/ - Canoe Mining Ventures
Corp. (TSXV: CLV)("Canoe Mining") is pleased to announce the
completion of its first diamond drill program at its 100% owned
Iron Lake Gold Project near White River,
Ontario (for additional details see Canoe Mining Release
dated May 22, 2014).
The 1,301m drill program was conducted on the Abbie Lake section
of the Iron Lake Gold Project and targeted a 3km section of the
Iron Lake Deformation Zone, a controlling structure for gold
mineralization in the region.
The 10 drill holes completed by Canoe Mining intersected
numerous sulphide zones as well as numerous gray and black quartz
veins within a rock sequence similar to those found at the Mishi
Mine, a Wesdome Gold Mines Ltd. property located 8km southwest of
Abbie Lake. Canoe Mining's target selection for this drill
program was based on induced polarization anomalies discovered in
geophysical surveys conducted by Canoe Mining's subsidiary, 2299895
Ontario Inc., in 2012 near historic gold showings and intersections
discovered by Tundra Gold Mines Ltd. between 1983 and 1988.
In addition to drilling, surface samples were collected from
historic trenches, and a detailed mapping of Abbie Lake was
completed. Over 400 samples were collected and sent to AGAT
Laboratories in Thunder Bay for
preparation and then to AGAT Laboratories in Mississauga for fire assay and inductively
coupled plasma analysis.
Canoe Mining will provide further updates on this drill program
as deemed necessary.
The technical information in this news release was reviewed and
approved by R.S. Middleton, P.Eng.
who is acting as the Qualified Person for Canoe Mining pursuant to
National Instrument 43-101.
Additional information and corporate documents may be found on
www.sedar.com and on the Canoe Mining website:
www.canoemining.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 news release.
On Behalf of the Board of Directors of Canoe Mining,
Duane Parnham, Director
Forward Looking Statements
This news release
includes certain forward-looking statements or information. All
statements other than statements of historical fact included in
this release or other future plans, objectives or expectations of
Canoe Mining Ventures Corp. are forward-looking statements that
involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from Canoe's plans or expectations include
risks relating to the actual results of current exploration
activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of
capital and financing, general economic, market or business
conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time
to time in the filings made by Canoe with securities regulators.
Canoe expressly disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise
required by applicable securities legislation.
SOURCE Canoe Mining Ventures Corp.