Southstone Minerals Ltd. press release
Canadian International Minerals Inc. Forms Groundwater Exploration Syndicate
TSXV - TSX Venture Exchange · Diamond · Uranium · Canada
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(via Thenewswire.ca)
Vancouver,BritishColumbia / TheNewswire / June9,2015 -CanadianInternationalMineralsInc. ("CIN",the"Company")(TSXV: CIN) is pleased to announce that it has formed the PacificAquiferExploration Syndicate (the "Syndicate"), created for the purpose of exploring for potable groundwater resources in North America.
TheSyndicatewillbejoinedby DG Resource Management Ltd., a private resource exploration company based outofEdmonton,Alberta,andStrategicStaking& ExplorationInc.,aprivateresourceexplorationcompanybasedout of Vancouver, British Columbia.
The Opportunity
Theexplorationforpotablewaterresources in North America has been largely ignoredasthepublicperceptionhasbeenthatsourcesandsupplyare abundant andinexpensive. Inrecentyears,however,therehasbeenamajorincreaseof public interest in water rights andsupplies,asclimatechangeeventssuchas droughts,floods,andboil-water advisories have highlighted the scarcity and volatility of potable water supplies.
Extensive hydrogeological databases have been developedbyvariouslevelsof governmentacrossthecontinent. Thesedatabasesarecomparableinscopeto thosewhich exist for other natural resources, and will be invaluable for planning explorationefforts. Thepotablewaterresourceiscompatibletotheflowingroyalty andprivate-publicbusinessmodel. Itistransportableandisnotrecyclablelike agricultural or industrial water.
TheSyndicatewillapplystandardgeologicalprinciplesinidentifyingtargets,and will apply for commercial water rights once targets have been defined. The principaltargetsareaquifers-undergroundlayersofwater-bearingpermeable rockor unconsolidated materials (gravel, sand, or silt) where groundwater accumulates and is naturally replenished by the infiltration of water from precipitation.
Social Licence
When evaluating natural resource development projects, it is important to understandtheperceptions,opinionsandbeliefsheldbyboththelocalpopulation andsocietyatlarge.Projectslackingsociallicenceincurdelaysandcostswhichcan stifle development, and impact the proponent's reputation.
Earlyandcontinuousengagementwithlocalcommunities,aboriginalgroups,and alllevelsofgovernmentisvitalto achieving mutual prosperity. The Syndicate is committed to engaging with all stakeholders.
About Canadian International Minerals Inc.
CanadianInternationalMineralsInc.isan early-stage natural resource prospect generatorbasedoutofVancouver,BritishColumbia.Inadditiontoitsparticipation inthePacificAquiferExplorationSyndicate,theCompanyhasdiamondexploration projectsinSaskatchewan,andcopper&rareearthelementexplorationprojectsin British Columbia.
Qualified Person
ThetechnicaldatainthisnewsreleasehasbeenreviewedbyThomasHasek,P. Eng., a Qualified Person under the terms of N.I. 43-101.
For further information, please contact:
Canadian International Minerals Inc. Michael E. Schuss
President and CEO Phone: 604-241-2254
Website:www.cin-v.com
Forward-looking Information
Thisnewsreleasecontainsprojectionsandforward-looking information that involve variousrisksanduncertaintiesregardingfutureevents. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performanceoftheCompany. Thefollowingareimportantfactorsthatcouldcausethe Company'sactual results to differ materially from those expressed or implied by such forwardlookingstatements;theuncertaintyoffutureprofitability;andtheuncertaintyof accesstoadditionalcapital. Theserisksanduncertaintiescouldcauseactualresults andtheCompany'splansandobjectivestodiffermateriallyfromthoseexpressedinthe forward-lookinginformation. Actualresultsandfutureeventscoulddiffermaterially from anticipated in such information. These andallsubsequentwrittenandoral forward-lookinginformationarebasedonestimatesandopinionsofmanagementon thedatestheyaremadeandexpressedqualifiedintheirentiretybythis notice. The Companyassumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilityforthe adequacy or accuracy of this release.
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