Cannon Explorations Inc., Queen Alexandra Gold Mine: Announces Start of Next Stage and Crew Mobilization
October 02 2008 - 9:45AM
Marketwired
Cannon Exploration Inc. (PINKSHEETS: CNEX) announces that
mobilization of the field crew that will perform the next stage of
exploration on the company's "Queen Alexandra" gold mine, has
begun, and work will commence within the next few days.
The company has approved of the proposed work program, which
will see Major Management Exploration Services ("MMES") complete
the grid on the property, and conduct ground geophysics, east and
west of the shaft. The program also includes the collecting of rock
samples along the geophysical conductor axis, and thorough
investigation of the old shaft area and rock structure.
The Queen Alexandra gold mine is located just outside of the
town of Dryden, in northern Ontario, Canada. MMES, who has been
involved in various exploration and development programs in Canada
for the past 40 years, will perform the work.
Cannon Exploration Inc., a quality mineral resource exploration
company involved in resource and mineral exploration and
development in the North American marketplace, is focusing
primarily on properties located in preferred mining districts in
Canada.
About Cannon:
Cannon Exploration is positioning itself to emerge as a quality
mineral resource Exploration Company in the North American mining
industry, focusing primarily on properties located in preferred
mining districts in Canada.
Forward-Looking Statements: The statements which are not
historical facts contained in this release are forward-looking
statements that involve risks and uncertainties, including but not
limited to, the effect of economic conditions, the impact of
competition, the results of financing efforts, changes in
consumers' preferences and trends. The words "estimate,"
"possible," and "seeking" and similar expressions identify
forward-looking statements, which speak only to the date the
statement was made. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, because
of new information, future events, or otherwise. Future events and
actual results may differ materially from those set forth herein,
contemplated by, or underlying the forward-looking statements.
Contact: Investor Relations: 1-866-365-4724 Website:
http://www.cannon-exploration.com