CWRN: "Wide Area Deep Drilling Underway"
13 April 2012 - 10:30PM
Marketwired
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) In 2011,
Panamerican Minerals Ventures, S.A. de C.V. Mexico, the operators
of the "Guadalupe Iron Mineral Concession," drilled three deep
conformation holes 300 meters apart in the center line of the 1,500
meter long Coloso Iron Mineral Vein, (one of four major iron
mineral veins located on the concession); the purpose of those
drill-holes was to explore the depth of the Coloso Vein, since the
original drill program of 68 holes was shallow at 20-meters depth.
Drill-hole 69 at 44-meters revealed continuous iron minerals mixed
Magnetite and Hematite down to an elevation point of 81-meters
above sea level, where the drilling was suspended without punching
through the iron minerals as the iron content became lower and the
mineral became solid magnetite. Drill-hole 70 at 84-meters depth on
the lower elevation of the concession revealed the same mineral
structure as drill-hole 69, hitting iron mineral at 4-meters down
and continuous to 84-meters where the drilling was suspended at
2-meters above sea level; the third Drill-hole number 71 at
54-meters depth revealed continuous magnetite as well, the drilling
was suspended pending simulated concentration testing of the lower
grade materials to better understand the percentage of Fe304
(Magnetite Iron Oxide) uplift that could be anticipated if the
materials were processed through a series of beneficiations.
Results from those analytical studies indicated that the iron
minerals can be processed to a Grade-A iron mineral status.
Management has been discussing the feasibility of building a
concentration plant on site with the corporation of Bao Steel Group
of China, provided that there is enough magnetite mineral reserve
to justify the investment; therefore, the company has begun a
series of new and deeper drilled-holes on a wide-area bases to
establish parameters for an accurate calculation of available
mineral reserves.
The company is continuously mining the near-surface iron
minerals which require dry magnetic separation to achieve the
clients specifications.
Other noteworthy news: the Company has contracted PowerScreen of
California to build a heavy-duty 8ft x 30ft x 0.05mm cylindrical
Trommel screening plant capable of screening out the small iron
chips accumulated since the project went into production in
November 2010. This equipment should be on-site and ready to begin
processing a shipload of sinter fines within the next couple weeks.
The balance of iron minerals less than 0.05mm in size shall be sold
into the organic mineral fertilizer industry.
CWRN Current Share Structure: The Company
has stated that it is not currently providing any Market Awareness
nor is it involved with the market in any way. The share price of
the Company's stock is solely dictated by the market further to
that the share structure has not changed since year 2010, nor does
the company intend to participate in any trade programs designed to
offer company shares.
Authorized Shares: 6,000,000,000 Outstanding Shares:
4,361,635,980 Restricted Shares: 2,056,610,879 Free Trading Shares:
2,305,025,101
Notes: The Baja Pacific No. 14 - "Mina
Guadalupe" is operated by Panamerican Minerals Ventures, S.A. de
C.V., Ensenada, Baja California, Mexico.
Related News: China Seaborne Trade, Spot
Price Iron Ore may be viewed at the following link: Metal Bulletin
Iron Ore Index Link http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) a Nevada
Corporation that is engaged in metal mineral exploration,
development and operations for "Iron Mineral Mining." For more
information, please visit the company's website at
www.cottonwestern.com.
Safe Harbor: Statements regarding
financial matters in this press release other than historical facts
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that
such statements about the Company's future expectations, including
future revenues and earnings, technology efficacy and all other
forward-looking statements be subject to the Safe Harbors created
thereby. The Company is a development stage firm that continues to
be dependent upon outside capital to sustain its existence. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results.
Investor Relations Director Emily Cotton
emilycotton@cottonwestern.com +1 713 482 7593
Cotton and Western Mining (GM) (USOTC:CWRN)
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