CJT Mining Announces Precious Metals Ore Content
15 September 2010 - 12:00AM
Marketwired
CJT Mining, Inc. ("CJTFD") (PINK SHEETS: CJTFD) a wholly owned
subsidiary of CJT Financial, Inc. today announced the precious
metals ore content of its mining claims in central Nevada.
Chart 1
Analysis of Tonnage and Assay Estimates
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This Release
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Claim Tonnage Avg Au Ozs of Avg Ag Ozs of
Numbers Estimate Ton Gold Ton Silver
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AP2, AP3, 100,000 0.0200 2,000 7.00 700,000
RSM 1, 2, 3 65,000 0.0300 1,950 7.00 455,000
70A 900,000 - 41.58 3,742,200
24A 900,000 - 12.75 11,475,000
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Chart 2
Analysis of Tonnage and Assay Estimates
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Cumulative Total All Releases to Date
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Claim All Releases Cum. Ozs Cum. Ozs
Numbers Tonnage to Date Gold to Date Silver to Date
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AP2, AP3,
RSM 1, 2, 3
70A
24A 1,965,000 3,950 16,372,200
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The above charts show the format shown in the company web site
www.cjtmining.com.
The first two lines of the above Chart 1 represent the ore
content of already stockpiled ore which has been analyzed and
certified by our geologists.
The next two lines of the above Chart 1 are regarding specific
lode mining claims which have been analyzed by our geologists. The
tonnage estimates of the in-ground assets were estimated by Dr.
Mead L. Jensen. His formula for estimating the tonnage was based on
his estimate of the ore being in 10% of the underground area and in
the top 100 feet from the surface. Ten cubic feet of ore per ton
times 10% times 1500 feet by 600 feet by 100 feet equals 900,000
tons of ore per claim.
Chart 2 provides the accumulated tonnage, ounces of gold and
silver from the assay analysis.
The precious metals ore content is very encouraging and shows
CJT Mining has the resources to begin making plans to move into
production. It is the intent of the company to drill and verify
these findings and report them in a future NI 43-101 report.
About CJT Mining
The company CJT Mining, Inc. is focused in precious metals
mining and processing of massive ore bodies located in central
Nevada mining districts. The company has lode mining and placer
mining claims in two mining districts. The minerals located in the
lode mining claims, placer mining claims and mill site claims in
these mining districts have been previously drilled and evaluated
by a very respected Geologist/Mining Engineer and extensive
records, analysis, maps, pictures, drill logs and assays have been
acquired with the staking, purchase, filings and/or leases of the
mining claims of the various assets.
Critical path planning to map out the mining and processing of
these assets are the primary focus of the company. The company is
not looking for ore but is in the process of developing previously
identified ore bodies, which are not mined out and which have a
previously studied mining history. Announcements regarding
additional properties will be made one property at a time when
sufficient investigation and required legal due diligence and/or
staking/filing is completed.
For more information, please visit www.cjtmining.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements contained in this press release
that are not statements of historical fact are "forward-looking
statements" as that term is defined under federal securities laws,
including, without limitation, all statements concerning
expectations, beliefs, goals, intention or strategies for the
future of CJT Mining. Forward-looking statements may be identified
by words such as "goals", "plans", "believes", "will", "expects"
and other words of similar meaning used in conjunction with, among
other things, discussions of future operations, financial
performance, product development and new ventures. Many factors
could cause actual events or results to differ materially from
those expressed in any forward-looking statement. This document is
not a solicitation to invest. Investors are cautioned not to place
any undue reliance on any forward-looking statements. We undertake
no obligation to publicly update or revise any forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements.
Contacts: Success Global Investor Relations Virginea Stuart
212-504-2921 virginea@success-ir.com Brian Collins 250-519-0363
brcollins@shaw.ca
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