New York, NY (PRWEB) December 14, 2009
Mining MarketWatch Journal has published a review on Canadian Mining Company Inc. (TSX VENTURE: CNG) (US Listing: CNGCF). The review offers insight and opportunity afforded investors as CNG.V is advancing their 100% owned Bullard Pass Gold Project with the goal of eventually milling product at their nearby 100% owned mill.
The full review and valuation commentary may be found at http://miningmarketwatch.net/cng.htm online.
Canadian Mining Company Inc. presents an opportunity for shareholders to reap large returns in a low risk-high reward gold production scenario unfolding in Arizona. Canadian Mining Company are 100% owners of a fully operational precious metals milling operation (currently rented to a tenant) and are now embarking on a drill program at their nearby 100% owned Bullard Pass Gold project where a NI 43-101 technical report supported by a battery of research indicates a high degree of certainty exists for a significant gold deposit.
Canadian Mining Company's 100% owned precious metals processing plant is permitted for leaching, milling (currently at 50 TPD & readily upgradeable), stockpiling, assaying, loading and shipping by rail & transport trucks. The facility is an exceptional asset for a small junior to have as it is permitted with a grandfathered license and is very important in terms of cost savings. CNG.V has the ability to move the ore, once they establish the ore body, into an area where the Company can expand its operations from 50 TPD to 500 TPD if the ore body demands that type of volume.
Additionally, Canadian Mining's other project, San Bernardo in Mexico, hosts a past producing (silver, lead, zinc, copper) operation with large infrastructure value that will be significantly advanced at no cost to the shareholders. CNG.V recently signed a $1,400,000 deal whereby a new trading entity using this property as its qualifying transaction will be completing a three phase exploration and drill program in return for a 60% interest in this property. Canadian Mining has a huge opportunity on being able to take this past producer, redefine it, and then be able to be in a position to either develop it further or package it up to be presented to a major. This is a highly valuable project that alone justifies a market cap now of CNG.V several times its current; Mining MarketWatch Journal confirms that records with the Ministry of Mines indicate Penoles had mined 540,000 tonnes, had experienced a nominal 2.7 year investment retirement with a net value on cash flow of US$62.41 per metric tonne. Records indicate Penoles mined down to 100m and there is still a historic (non NI 43-101) possible mineral resource left of some 1.4M tonnes within 100m. By geologists interpretation the historic resource well exceeds the 350m level, however this deposit appears dwarfed by their satellite deposit developing 1km away where IP surveys indicate large anomalous zones. In short, San Bernardo has the earmarking of a major company maker with no dilutive cost to shareholders.
Currently cash flowing on two fronts; CNG.V receives ongoing rent from their 100% owned mill plus CNG.V will also be the recipient of CDN$1,350,000 in 2010 from an industrial mineral mining operation it owns in British Columbia and has optioned out to Heemskirk.