Vancouver, British Columbia--(Newsfile Corp. - October 19, 2017) - China Minerals Mining Corporation (TSXV: CMV) (OTC Pink: HWTHF) ("China Minerals" or the "Company") announces that the Company has filed a National Instrument 43-101 technical report (the "Technical Report") entitled "Technical Report on the Cassiar Gold Property, British Columbia, Canada" on Sedar.com. The Report is effective June 26, 2017, signed September 13, 2017 and revised October 2, 2017. The Technical Report does not contain a resource. The Technical Report does contain an exploration target.
Based on the strength and character of the mineralizing systems mined in the Table Mountain area and the past performance at the millsite on the Cassiar Gold Property, there is potential for an exploration target that can be reasonably estimated for the TM-TSF #1 (also known as the Erickson Tailings #1).
The available data is sufficient at this time to roughly quantify an exploration target for the TM-TSF #1 of 400,000 - 500,000 tonnes grading 0.97 - 1.25g/t Au.
Assumptions: Mill records show the estimated grade and quantity of tailings that were discharged to the TM-TSF #1. Systematic sampling of the tailings with 33 test pits on a 50m grid pattern have helped quantity the tonnes and grade. Thickness of the TM-TSF #1 from this work demonstrated it varies between 3.2m and 4.70m thick but averages 3.7m thick over an area of 8ha. Metallurgical reports which included grain size analyses and bench scale testing anticipated that 50-60% of the contained gold in the tailings may be recovered through a gravity-flotation flowsheet to generate a high grade flotation concentrate.
The potential quantity and grade of this exploration target is conceptual in nature; there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.
Technical disclosure in this news release has been reviewed and approved by Mr. Paul Cowley, P.Geo., an Independent Qualified Person as defined by National Instrument 43-101.
About China Minerals Mining Corporation
China Minerals Mining Corporation is a Canadian based exploration and development company with offices located in Vancouver, B.C. and Beijing, China. China Minerals' goal is to build an international mining company.
For more information on China Minerals, please contact the Company at 778-889-4966, or visit the Company's website at www.chinamineralsmining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
signed by "Wenhong Jin"
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Cautionary Statement Regarding "Forward-Looking" Information
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in China Minerals' periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "appear", "should," and similar expressions, are forward-looking statements.
Although China Minerals has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and China Minerals disclaims any intention or obligation to update or revise such information, except as required by applicable law.