Fixed-wing Magnetic Survey Planned for Pikoo East Properties

- September 14th, 2015

Canadian International Minerals Inc. (TSXV:CIN) announced that North Arrow Minerals Inc. (TSXV:NAR) and Stornoway Diamond Corp. (TSX:SWY) have said that a fixed-wing magnetic survey will be flown on the Pikoo East properties.

Canadian International Minerals Inc. (TSXV:CIN) announced that North Arrow Minerals Inc. (TSXV:NAR) and Stornoway Diamond Corp. (TSX:SWY) have said that a fixed-wing magnetic survey will be flown on the Pikoo East properties.
As quoted in the press release:

The Properties are under option to North Arrow and Stornoway, who may earn a combined 70% interest by funding exploration to a kimberlite discovery (including drilling) on any of the Properties within a 3 year period. North Arrow and Stornoway are conducting the work through their pre-existing joint venture on their Pikoo diamond project, and are funding the work in proportion to their respective interests in said project.
The fixed-wing magnetic survey will be flown on 50 meter line spacings, and will cover all of the claims CIN has under option. The survey data will provide a base to guide further exploration, including targeted till sampling and, if warranted, drilling.

Michael E. Schuss, president and CEO of Canadian International Minerals, commented:

North Arrow and Stornoway’s decision to fly the Pikoo East properties is a major development for CIN, its shareholders, and the emerging Pikoo district as a whole. Rightly or wrongly, the markets have not been kind to the Pikoo-area explorers, despite the large amount of positive exploration work that has been completed in the last 2 years by several public and private companies. We are hopeful that this airborne survey will continue to advance the Pikoo East properties, ultimately to a drill-ready stage, while also boosting the profile of the district and our other prospects in the area.

Click here to read the full Canadian International Minerals Inc. (TSXV:CIN) press release.

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