New York, NY (PRWEB) January 11, 2010
Precious Metals Review of Canadian Mining Company Inc. (TSX-V: 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 Precious Metals Review with chart may be seen at http://preciousmetalsreview.com/PMRcngjan10.pdf online.
Canadian Mining Company Inc. (CNG.V) is a rare find and one that should be at the top of investor lists for 2010 -- CNG.V owns a fully operational precious metals mill and a rapidly advancing project with near term open pit gold mine potential ... Having maintained a low profile, CNG.V is now poised for significant upside share price revaluation; a nominal 49M shares are currently outstanding and CNG.V is trading under CDN$0.20. Now with dill permits approved CNG.V will be taking steps that have been two years in the making.
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.
In light of the January 5, 2010 news release of drill permits being issued investors would do well to consider a long position in CNG.V as the upcoming drilling culminates two years of planning with the end goal hopefully employing their nearby gold mill. Canadian Mining Company's 10 proposed drill pad locations at their Bullard Pass Gold Project are positioned to reveal assays from three highly anomalous zones that fit their detachment fault model and have yielded high values from enzyme leach protocols. The indicators are highly prospective for a significant gold find as has already been suggested to be found in the area in an Arizona Geological Report on Mineral Deposits.
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.