CJT Mining Reports Precious Metals Tonnage Increase in Nevada
30 September 2010 - 11:10PM
Marketwired
CJT Mining, Inc. ("CJTF") (PINK SHEETS: CJTF) a wholly owned
subsidiary of CJT Financial, Inc. today announced an increase in
the precious metals ore content and tonnage of its mining claims in
central Nevada.
Chart 1
Analysis of Tonnage and Assay estimates
This Release
Claim Tonnage Avg Au Ozs of Avg Ag Ozs of
Numbers Estimate Ton Gold Ton Silver
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 37,422,000
24A 900,000 - - 12.75 11,475,000
1A, 13A 1,800,000 - - 8.53 15,354,000
77A, 231A 1,800,000 0.0071 12,857 18.32 32,976,000
Chart 2
Analysis of Tonnage and Assay estimates
Cumulative Total All Releases to Date
Claim All Releases Cum. Ozs Cum. Ozs
Numbers Tonnage to Date Gold to Date Silver to Date
AP2, AP3
RSM 1, 2, 3
70A
24A
1A, 13A
77A, 231A
5,565,000 16,807 98,382,000
The above charts show the format shown in the company web site
www.cjtmining.com.
The first two rows 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 rows 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 increased precious metals ore content and tonnage remain
encouraging and show 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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