CNEX***NEWS!!!!!!!Cannon Exploration Announces That Work Is Underway on the Company's "Queen Alexandra" Gold Mine, Located Outside of Dryden in Northwestern Ontario 05/27 12:52 PM
PHOENIX, AZ -- (MARKET WIRE) -- 05/27/10 -- Cannon Exploration (CNEX:$0.0053,$-0.0002,-3.64%) -- The crew mobilized to the site last weekend and commenced work on Tuesday, May 25th. This spring/summer program will be conducted in two separate visits to the property.
The first step, currently underway, will see the company's newly hired qualified geologist verifying the information collected to date by the former project operator, MMES. The QP will also be responsible for conducting additional geophysics along the established zone and collecting new samples for analysis, as well as providing a full written report, documenting all findings resulting from the prospecting and geophysical applications conducted on the property.
The report will be submitted to the OGS (Ontario Geological Society) Assessment office for credit to the property, and will provide the company with an accredited body of work with which to continue the exploration and development of the "Queen Alexandra."
Additional programs will be conducted on the property once the current program results are reconciled and completed. The next phase is scheduled to go back out into the field some time in August. Cannon will announce the completion and results from this program as they become available.
About Cannon:
Cannon Exploration (CNEX:$0.0053,$-0.0002,-3.64%) 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
News 
Market Data 
Discover 
AI
