Cedar Mountain Exploration Commences Drill Program At Kelly Creek Gold Project
Vancouver, British Columbia - Cedar Mountain Exploration Inc. (CED: TSXV) (“Cedar Mountain” or the "Company") is pleased to announce that it has commenced the 2011 diamond drill program at the Kelly Creek Project on the Seward Peninsula, Alaska. Cedar Mountain will be targeting 5,000 metres of diamond core drilling on three high priority multi-kilometre-scale gold targets, and collecting 4,000 geochem soil samples on the property to identify additional drill targets.
“We are very excited that the 2011 exploration program is now underway as we focus on drilling several of the large untested gold-in-soil prospects identified by the 2010 soil sampling program,” stated Charles Chebry, President and CEO. “Cedar Mountain’s strong technical team has a long history exploring for gold in Alaska and is set to aggressively advance this project.”
The objective of the drilling and soil sampling program is to discover a new gold district, targeting a near-surface bulk tonnage gold deposit. The exploration program will be based out of a 24-man camp located near the Company’s 800 metre airstrip at Kelly Creek (further details on the program can be found in the Company news release dated May 12, 2011).
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.
About Cedar Mountain Exploration Inc.
Cedar Mountain Exploration Inc. 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
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:
VP Business Development & Director
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.