Monday, May 10, 2010 11:41:49 PM
I left a message thru CANNON'S website asking for information on the claims such as numbers etc.., and any news they could possibly give to me on CANNON's Board members...
The reply I recieved about 10 days later was that CANNON could not give the information out regarding claims that are in CANNON'S name due to the research taking place and possible new claims to be aquired.
I didnt recieve any news on board members. I'll keep looking though. Their reply was pretty short and brief. Not exactly friendly either.
As for claim filings I tried searching the database on the Ontario province website and couldnt find anything under CANNON EXPLORATION..However my search was short and brief..I will continue to search this as well.
***I know this is all listed above in the company news but instead of clicking thru all the links I thought it would be easier to see it all in one post.
***The following is a chronological list of past and present PR's from Cannon Exploration.
***I posted these because I know the links through the Cannon Website lead to an expired document webpage.
However I obtained all the following information from marketwire.com thru a CANNON EXPLORATION Query. Good Luck and Happy Investing!
Cannon Exploration Inc.: Update to ShareholdersTORONTO--(Marketwire - May 7, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX), a North American mining company, is pleased to announce that effective May 7th, the company's website will be live http://www.cannon-exploration.com as well as an Investor Relations firm has been hired to take shareholder inquires at 1-866-365-4724.
The company plans to own several advanced mining properties in North America that will rapidly combine a balanced portfolio of exploration and development projects with the mining expertise of its technical and managerial teams to ensure future growth of the company. The result is a company with the share liquidity and market capitalization to provide value to investors. "As we move forward in considering exciting growth options for the company, I hope that in the coming months you will come to share that excitement with me as well," stated CEO Neil Sarran.
The company will be updating its shareholders with further announcements within the near future with regards to company projects and developments.
About Cannon:
Cannon Exploration is ideally positioned to emerge as a pre-eminent exploration company in the North American mining industry.
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.
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May 12, 2008 08:30 ETCannon Exploration Inc. Announces LOI to Acquire Gold PropertyTORONTO--(Marketwire - May 12, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) is pleased to announce that it has entered into a Letter of Intent (LOI) agreement with IPMG Inc., an Ontario mineral resource exploration company, whereby IPMG has agreed to grant to Cannon Exploration Inc. an option to purchase up to 100% interest in the old "Queen Alexandria" gold mine, located in Northern Ontario.
The transaction is subject to a number of terms and conditions, including but not limited to, completion of satisfactory due diligence and the execution of a definitive option agreement.
About Cannon:
Cannon Exploration is positioning itself to emerge as a pre-eminent resource exploration company in the North American mining industry, and particularly 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.
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May 21, 2008 08:30 ETCannon Exploration Inc. Provides Status on Recent LOI, Queen Alexandra UpdateTORONTO--(Marketwire - May 21, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) provides information on the Queen Alexandra mine/property, located in Northern Ontario, Canada.
It is anticipated that completion of the remaining due diligence will be finalized sometime in the next few weeks. The Queen Alexandra mine is located just outside of Dryden in northern Ontario, Canada. Description, Geology, Mineralization, History; The Queen Alexandra mine consists of one shaft and one exploration pit, 65 metres apart, and seven trenches. The occurrence exposes two conjugate quartz veins. The mine is underlain by mafic volcanic rocks of the Blanchard Lake group (Blackburn 1976, 1982).The quartz carbonate vein (vein 1) at the shaft is 10 cm wide and exposed over a 2 m length, is pale to dark grey, opaque, and contains ribbons of pyrite and chlorite. Patches of pink calcite and chlorite occur in the vein material, very fine to coarse grained pyrite is present in the vein. The amount of quartz material in the dump suggests that the quartz vein is probably wider at depth in the shaft. The quartz vein (vein 2) at the exploration pit pinches and swells, but averages 45 cm in width and can be traced over 23 m in length. The quartz is white to pale grey, is opaque, and fractures are filled with calcite. The vein has a laminated and wispy texture due to ribbons of pyrite and chlorite. An English mining syndicate sunk a shaft 85 feet, and milled 18 tons of ore, producing 16.6 ounces of gold (Carter 1905; Thomson 1933). We have embarked on an ambitious venture of acquiring speculative gold properties with known gold values, where mining activity has taken place before.
"Our intention is to try and maximize our results while minimizing the costs associated with proving up the known gold showings. The Queen Alexandra is the first of several properties that Cannon is pursuing," said Neil Sarran, CEO.
SELECTED REFERENCES (Blackburn 1976. OGS, GR 142., Carter 1905. ODM, Vol 14, part I, p. 51. Thomson 1933. ODM, Vol. 42, Part IV, p. 27)
About Cannon:
Cannon Exploration is positioning itself to emerge as 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.
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Jul 24, 2008 08:30 ETCannon Exploration Inc. Announces Acquisition
Exercises Option Agreement for up to 100% Ownership of "The Queen Alexandra" Gold Mine
TORONTO--(Marketwire - July 24, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) is pleased to announce that it has exercised its option to acquire 100% ownership of The Queen Alexandra Mine, located outside of Dryden, in Northern Ontario, Canada, having fully satisfied their requirements relating to the due diligence and initial earn in.
The Queen Alexandra Mine has known gold values, having produced gold in the past. Based on the historical data available, a recent geophysical testing program, completed by Cannon Exploration, demonstrated a possible extension of the mineralized zone.
Cannon Exploration Inc. will now begin full exploration of the Queen Alexandra property.
More information and data will be released in the coming weeks as it becomes available.
About Cannon:
Cannon Exploration is positioning itself to emerge as a pre-eminent resource exploration company in the North American mining industry, and particularly 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.
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Sep 25, 2008 11:30 ETQueen Alexandra Gold Mine: Initial Results Confirm Conductive ZoneTORONTO--(Marketwire - September 25, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) announces that the initial reconnaissance program undertaken on the Queen Alexandra Gold Mine, located outside of Dryden in Northern Ontario, Canada, has been completed.
A limited ground geophysical survey conducted by Major Management Exploration Services (MMES) indicated a conductive zone in the immediate shaft area located on the property.
The survey also reconciles with and supports the known historical information that mineralization is present in that area, and trends along the same zone where the one shaft and exploration pit, as well as several trenches, exist.
Cannon will now move to the next stage of exploration by establishing a complete grid of the property with a control baseline, and conduct additional ground geophysics, east and west of the shaft. This next phase will also include the collecting of rock samples along the geophysical conductor axis, and thorough investigation of the old shaft area and rock structure.
Cannon Exploration will commence with this next phase of exploration on or about October 01, 2008.
About Cannon:
Cannon Exploration 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.
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Oct 02, 2008 09:45 ETCannon Explorations Inc., Queen Alexandra Gold Mine: Announces Start of Next Stage and Crew MobilizationTORONTO--(Marketwire - October 2, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) announces that mobilization of the field crew that will perform the next stage of exploration on the company's "Queen Alexandra" gold mine, has begun, and work will commence within the next few days.
The company has approved of the proposed work program, which will see Major Management Exploration Services ("MMES") complete the grid on the property, and conduct ground geophysics, east and west of the shaft. The program also includes the collecting of rock samples along the geophysical conductor axis, and thorough investigation of the old shaft area and rock structure.
The Queen Alexandra gold mine is located just outside of the town of Dryden, in northern Ontario, Canada. MMES, who has been involved in various exploration and development programs in Canada for the past 40 years, will perform the work.
Cannon Exploration Inc., a quality mineral resource exploration company involved in resource and mineral exploration and development in the North American marketplace, is focusing primarily on properties located in preferred mining districts in Canada.
About Cannon:
Cannon Exploration 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.
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Mar 15, 2010 08:30 ETCannon Exploration Resumes Work on 'Queen Alexandra' Gold PropertyPHOENIX, AZ--(Marketwire - March 15, 2010) - Cannon Exploration (PINKSHEETS: CNEX). The past year has been a challenging one for the junior resource exploration companies. The overall economic slowdown, fiscal tightening, decrease in the availability of cash and inherent slowdown in the equity financing arena, has made it difficult to attract the required funds needed for companies to continue with their exploration programs. As a result, the management of Cannon had suspended work on the Queen Alexandra for much of 2009.
Cannon is pleased to announce that we have now restarted work on the Queen Alexandra, and provide this update on the outstanding results from last year, and work ahead.
The results of the work program from October 2008 were, in the opinion of management, encouraging and positive. The work performed included completion of the grid over the entire property, and the conducting of an Electro Magnetic survey (EM) over the area, as well as the continued prospecting of the property, in and around the mineralized zone.
The entire property area was covered by the EM survey, with results of the survey confirming several "target" areas around the known gold showing, along the conductor axis of the zone. The company has greatly improved their understanding of the gold showing along the conductor axis and its relationship to the geology of the area, and the ability for the geology of the area to host gold deposits.
Additionally, rock samples were collected for assay from the known gold showing. Assays of the rock samples collected were split and sent to two different labs for assay.
Unfortunately the samples at one of the labs had been compromised, through no fault of the company (Cannon). As a result, these assays could not be reconciled or relied upon. The company has decided to throw out the results from both sets of samples and go back to the property to collect a new set of rock samples to re assay. Only then can the company confidently and accurately release the values to the shareholder.
Cannon has recently begun a limited sample collection program for the Queen Alexandra, in an effort to complete the initial program, more specifically the rock samples that were compromised. The crew has already mobilized to the property and is expected to be finished this week. The new samples will then be sent to the lab for assaying, and results will be made public as soon as they are made available to the company.
Cannon would like to thank our shareholders for their support this past year and now look forward to continuing with the task at hand of discovering and ultimately proving up an economically feasible gold deposit at the Queen Alexandra gold mine.
About Cannon:
Cannon Exploration 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.
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Mar 16, 2010 07:45 ETCannon Exploration CNEX to Re-Start Canadian Gold Exploration
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.
NEW YORK, NY--(Marketwire - March 16, 2010) - Cannon Exploration (PINKSHEETS: CNEX) announced yesterday that it will begin operations on its Queen Alexandra property in Ontario, Canada.
The Queen Alexandra mine has produced gold since the early 20th century, yielding 18 tons of ore graded at 16.6 ounces of gold. Cannon intends to work not only these mines, but actively acquire other early stage development stage mineral exploration companies to form high yielding joint ventures.
Ontario has been the lead producing area for gold in Canada, yielding nearly 55% of the country's total output in 2009 which was almost $1.9 billion.
With gold still near all time highs of over $1,000 an ounce, Cannon is perfectly positioned to benefit the gold market's need for more producing properties.
For more information, please visit www.smallcapsociety.com/cnex.php.
Other active stocks are Yamana Gold Inc. (NYSE: AUY), IAMGOLD Corp. (NYSE: IAG) and Dana Resources (OTCBB: DANR).
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Mar 17, 2010 10:30 ETCannon Exploration Completes Latest Work Program on 'Queen Alexandra' Gold PropertyPHOENIX, AZ--(Marketwire - March 17, 2010) - Cannon Exploration (PINKSHEETS: CNEX) is pleased to announce that the latest work program on the company's Queen Alexandra Gold Mine, located in the Kenora district of Northern Ontario, has been completed.
The program was successful and focused on the collection of new rock samples. The company has now completed the program that saw Cannon perform ground geophysics on and reconnaissance of the property. Mapping and sample collection completed the focus of this phase of the exploration program.
These samples will now be submitted to the lab for analysis and assaying of the rock samples for gold content.
Cannon will release results of the assays as soon as they are completed.
About Cannon:
Cannon Exploration 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.
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Apr 14, 2010 08:00 ETCannon Exploration Releases Assays From 'Queen Alexandra' Gold PropertyPHOENIX, AZ--(Marketwire - April 14, 2010) - Cannon Exploration (PINKSHEETS: CNEX) is pleased to release selected values from the company's recently completed rock sampling program carried out on the Queen Alexandra property, located in the Kenora district of Northern Ontario.
Sample results varied and included values that returned 1.34 Au g/t (#709256), 4.66 Au g/t (#709255) and 14.47 Au g/t (#709258).
"We are making good progress with the Queen Alexandra, and are encouraged with the results achieved up to this point. The sampling confirmed what we thought, that there is gold on the property, so now we have to continue to define the property in terms of its geology and the prospective mineralized zones, by doing more work. We'll look to do more geophysics, possibly some IP surveying of the property, and that will allow us to get a better look at the entire ground from surface and with some depth. After the geophysics, more sampling can be done on a larger scale," stated Edwin Solano, President of Cannon.
Cannon has also begun the process of interviewing candidates to act as the "Qualified Person" (QP), under National Instrument 43 101 (NI 43 101), to assume the management of the next phase of exploration for the Queen Alexandra. The role of the QP will be to guide the next phase of exploration on the property. The QP will be responsible for the accuracy and reporting of all information and direction regarding the property.
The QP designation will ensure that the company and all information released will be compliant with the standards of exploration and development as set by the NI 43 101 program, the industry standard.
About Cannon:
Cannon Exploration 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.
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Apr 19, 2010 12:03 ETCannon Provides Information on 'Queen Alexandra' From Ontario Geological Survey and Its Recommendations for Exploration in Kenora Mining DistrictPHOENIX, AZ--(Marketwire - April 19, 2010) - Cannon Exploration (PINKSHEETS: CNEX) announced today that The Ontario Geological Survey (OGS), a division of the Ministry of Northern Development and Mines (MNDM), has released their recommendations for exploration for gold in Northern Ontario, which include Cannon Exploration's Queen Alexandra Gold Mine.
The OGS and MNDM published their recommendations for exploration in 2009 for Ontario. In the study, the OGS recommends exploration for gold in the Kenora district of Ontario as favorable because of the discovery of gold in the area, and the favorable geology of the area to host gold mineralization.
In their recommendations for the Kenora district, the survey makes note of the "Queen Alexandra Mine" and its location within the areas that would be "favorable to the emplacement of gold-bearing quartz veins," adding that the old mine has a history of gold showings, and has produced gold in the past.
The following excerpts have been selected from the OGS publications, which provide a source(s) of information on the geological setting and summaries of mineralization potential in the Kenora area.
Ontario Geological Survey (OGS) Geological Publications
"It is immediately evident that the majority of gold occurrences at Manitou Lakes occur northwest of the through-going Manitou Straits Fault. Undoubtedly this deformation opened up fractures that would have been favorable to emplacement of gold-bearing quartz veins. The Frenchman Island (1), Swede Boys (2), Haycock (3), Reliance (4), and Queen Alexandra (5) deposits all occur either in close proximity to, or within, felsic stocks. Gold-bearing quartz veins at Frenchman Island occupy fractures in a sub volcanic microgranodioritic plug. There are over 50 gold deposits at Upper Manitou Lake. It is apparent that stratigraphy plays an important role in the concentration of gold at Upper Manitou Lake. Gold deposits are situated near the contacts between the Blanchard Lake, Upper Manitou Lake, and Pincher Lake Volcanic Groups." These publication(s) can be viewed from the Geology Ontario website. The introduction of this gold summary compilation presents a method to download publications from the website http://www.geologyontario.mndm.gov.on.ca
The information contained within the report/survey confirms what the management of Cannon has felt about exploration in the Kenora area, and the Queen Alexandra property; the best place to explore for gold is where it has already been found.
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May 10, 2010 08:30 ETCannon Announces Spring Exploration Program; Work to Start in Late MayPHOENIX, AZ--(Marketwire - May 10, 2010) - Cannon Exploration (PINKSHEETS: CNEX) is pleased to announce that the company will be returning to the Queen Alexandra property sometime in late May to continue with the next stage of exploration.
The company has also engaged a new geophysics company to contract for the management of the next phase of exploration on the property. Currently the companies are in the process of reviewing data from the previous exploration programs, and will draw from the information to complete the plan for the spring/summer program. The move to a new partner for the exploration of the Queen Alexandra is based on the company's desire to become compliant with the NI 43 101 standards on a going forward basis.
The Ontario Geological Survey lists 55 companies that have active programs or properties staked for base metals, gold, uranium, molybdenum, and diamonds, in the Kenora District, which includes Dryden.
Many of the properties have had previous exploration and some extraction over the years, but the many juniors are back in there as mineral prices remain high.
The area's geology is structurally complex and much of what lies deep down is relatively untouched. In the Kenora area, compared to more established camps like Red Lake, there's only a few diamond drill holes that have penetrated down 1,000 feet. Many companies are referring to historical information (drill logs, prospecting/assessment reports, government surveys and records, production logs) in an effort to take some of the guesswork out of the search for metals in the area.
Champion Bear, Treasury Metals, Manitou Gold, MPH, Canadian Arrow, Tamaka Gold, to name a few, are some of the companies currently exploring for various mineral deposits in the Kenora and Dryden regions.
US SAILOR
DEVILDOLPHIN
The reply I recieved about 10 days later was that CANNON could not give the information out regarding claims that are in CANNON'S name due to the research taking place and possible new claims to be aquired.
I didnt recieve any news on board members. I'll keep looking though. Their reply was pretty short and brief. Not exactly friendly either.
As for claim filings I tried searching the database on the Ontario province website and couldnt find anything under CANNON EXPLORATION..However my search was short and brief..I will continue to search this as well.
***I know this is all listed above in the company news but instead of clicking thru all the links I thought it would be easier to see it all in one post.
***The following is a chronological list of past and present PR's from Cannon Exploration.
***I posted these because I know the links through the Cannon Website lead to an expired document webpage.
However I obtained all the following information from marketwire.com thru a CANNON EXPLORATION Query. Good Luck and Happy Investing!
Cannon Exploration Inc.: Update to ShareholdersTORONTO--(Marketwire - May 7, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX), a North American mining company, is pleased to announce that effective May 7th, the company's website will be live http://www.cannon-exploration.com as well as an Investor Relations firm has been hired to take shareholder inquires at 1-866-365-4724.
The company plans to own several advanced mining properties in North America that will rapidly combine a balanced portfolio of exploration and development projects with the mining expertise of its technical and managerial teams to ensure future growth of the company. The result is a company with the share liquidity and market capitalization to provide value to investors. "As we move forward in considering exciting growth options for the company, I hope that in the coming months you will come to share that excitement with me as well," stated CEO Neil Sarran.
The company will be updating its shareholders with further announcements within the near future with regards to company projects and developments.
About Cannon:
Cannon Exploration is ideally positioned to emerge as a pre-eminent exploration company in the North American mining industry.
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.
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May 12, 2008 08:30 ETCannon Exploration Inc. Announces LOI to Acquire Gold PropertyTORONTO--(Marketwire - May 12, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) is pleased to announce that it has entered into a Letter of Intent (LOI) agreement with IPMG Inc., an Ontario mineral resource exploration company, whereby IPMG has agreed to grant to Cannon Exploration Inc. an option to purchase up to 100% interest in the old "Queen Alexandria" gold mine, located in Northern Ontario.
The transaction is subject to a number of terms and conditions, including but not limited to, completion of satisfactory due diligence and the execution of a definitive option agreement.
About Cannon:
Cannon Exploration is positioning itself to emerge as a pre-eminent resource exploration company in the North American mining industry, and particularly 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.
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May 21, 2008 08:30 ETCannon Exploration Inc. Provides Status on Recent LOI, Queen Alexandra UpdateTORONTO--(Marketwire - May 21, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) provides information on the Queen Alexandra mine/property, located in Northern Ontario, Canada.
It is anticipated that completion of the remaining due diligence will be finalized sometime in the next few weeks. The Queen Alexandra mine is located just outside of Dryden in northern Ontario, Canada. Description, Geology, Mineralization, History; The Queen Alexandra mine consists of one shaft and one exploration pit, 65 metres apart, and seven trenches. The occurrence exposes two conjugate quartz veins. The mine is underlain by mafic volcanic rocks of the Blanchard Lake group (Blackburn 1976, 1982).The quartz carbonate vein (vein 1) at the shaft is 10 cm wide and exposed over a 2 m length, is pale to dark grey, opaque, and contains ribbons of pyrite and chlorite. Patches of pink calcite and chlorite occur in the vein material, very fine to coarse grained pyrite is present in the vein. The amount of quartz material in the dump suggests that the quartz vein is probably wider at depth in the shaft. The quartz vein (vein 2) at the exploration pit pinches and swells, but averages 45 cm in width and can be traced over 23 m in length. The quartz is white to pale grey, is opaque, and fractures are filled with calcite. The vein has a laminated and wispy texture due to ribbons of pyrite and chlorite. An English mining syndicate sunk a shaft 85 feet, and milled 18 tons of ore, producing 16.6 ounces of gold (Carter 1905; Thomson 1933). We have embarked on an ambitious venture of acquiring speculative gold properties with known gold values, where mining activity has taken place before.
"Our intention is to try and maximize our results while minimizing the costs associated with proving up the known gold showings. The Queen Alexandra is the first of several properties that Cannon is pursuing," said Neil Sarran, CEO.
SELECTED REFERENCES (Blackburn 1976. OGS, GR 142., Carter 1905. ODM, Vol 14, part I, p. 51. Thomson 1933. ODM, Vol. 42, Part IV, p. 27)
About Cannon:
Cannon Exploration is positioning itself to emerge as 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.
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Jul 24, 2008 08:30 ETCannon Exploration Inc. Announces Acquisition
Exercises Option Agreement for up to 100% Ownership of "The Queen Alexandra" Gold Mine
TORONTO--(Marketwire - July 24, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) is pleased to announce that it has exercised its option to acquire 100% ownership of The Queen Alexandra Mine, located outside of Dryden, in Northern Ontario, Canada, having fully satisfied their requirements relating to the due diligence and initial earn in.
The Queen Alexandra Mine has known gold values, having produced gold in the past. Based on the historical data available, a recent geophysical testing program, completed by Cannon Exploration, demonstrated a possible extension of the mineralized zone.
Cannon Exploration Inc. will now begin full exploration of the Queen Alexandra property.
More information and data will be released in the coming weeks as it becomes available.
About Cannon:
Cannon Exploration is positioning itself to emerge as a pre-eminent resource exploration company in the North American mining industry, and particularly 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.
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Sep 25, 2008 11:30 ETQueen Alexandra Gold Mine: Initial Results Confirm Conductive ZoneTORONTO--(Marketwire - September 25, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) announces that the initial reconnaissance program undertaken on the Queen Alexandra Gold Mine, located outside of Dryden in Northern Ontario, Canada, has been completed.
A limited ground geophysical survey conducted by Major Management Exploration Services (MMES) indicated a conductive zone in the immediate shaft area located on the property.
The survey also reconciles with and supports the known historical information that mineralization is present in that area, and trends along the same zone where the one shaft and exploration pit, as well as several trenches, exist.
Cannon will now move to the next stage of exploration by establishing a complete grid of the property with a control baseline, and conduct additional ground geophysics, east and west of the shaft. This next phase will also include the collecting of rock samples along the geophysical conductor axis, and thorough investigation of the old shaft area and rock structure.
Cannon Exploration will commence with this next phase of exploration on or about October 01, 2008.
About Cannon:
Cannon Exploration 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.
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Oct 02, 2008 09:45 ETCannon Explorations Inc., Queen Alexandra Gold Mine: Announces Start of Next Stage and Crew MobilizationTORONTO--(Marketwire - October 2, 2008) - Cannon Exploration Inc. (PINKSHEETS: CNEX) announces that mobilization of the field crew that will perform the next stage of exploration on the company's "Queen Alexandra" gold mine, has begun, and work will commence within the next few days.
The company has approved of the proposed work program, which will see Major Management Exploration Services ("MMES") complete the grid on the property, and conduct ground geophysics, east and west of the shaft. The program also includes the collecting of rock samples along the geophysical conductor axis, and thorough investigation of the old shaft area and rock structure.
The Queen Alexandra gold mine is located just outside of the town of Dryden, in northern Ontario, Canada. MMES, who has been involved in various exploration and development programs in Canada for the past 40 years, will perform the work.
Cannon Exploration Inc., a quality mineral resource exploration company involved in resource and mineral exploration and development in the North American marketplace, is focusing primarily on properties located in preferred mining districts in Canada.
About Cannon:
Cannon Exploration 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.
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Mar 15, 2010 08:30 ETCannon Exploration Resumes Work on 'Queen Alexandra' Gold PropertyPHOENIX, AZ--(Marketwire - March 15, 2010) - Cannon Exploration (PINKSHEETS: CNEX). The past year has been a challenging one for the junior resource exploration companies. The overall economic slowdown, fiscal tightening, decrease in the availability of cash and inherent slowdown in the equity financing arena, has made it difficult to attract the required funds needed for companies to continue with their exploration programs. As a result, the management of Cannon had suspended work on the Queen Alexandra for much of 2009.
Cannon is pleased to announce that we have now restarted work on the Queen Alexandra, and provide this update on the outstanding results from last year, and work ahead.
The results of the work program from October 2008 were, in the opinion of management, encouraging and positive. The work performed included completion of the grid over the entire property, and the conducting of an Electro Magnetic survey (EM) over the area, as well as the continued prospecting of the property, in and around the mineralized zone.
The entire property area was covered by the EM survey, with results of the survey confirming several "target" areas around the known gold showing, along the conductor axis of the zone. The company has greatly improved their understanding of the gold showing along the conductor axis and its relationship to the geology of the area, and the ability for the geology of the area to host gold deposits.
Additionally, rock samples were collected for assay from the known gold showing. Assays of the rock samples collected were split and sent to two different labs for assay.
Unfortunately the samples at one of the labs had been compromised, through no fault of the company (Cannon). As a result, these assays could not be reconciled or relied upon. The company has decided to throw out the results from both sets of samples and go back to the property to collect a new set of rock samples to re assay. Only then can the company confidently and accurately release the values to the shareholder.
Cannon has recently begun a limited sample collection program for the Queen Alexandra, in an effort to complete the initial program, more specifically the rock samples that were compromised. The crew has already mobilized to the property and is expected to be finished this week. The new samples will then be sent to the lab for assaying, and results will be made public as soon as they are made available to the company.
Cannon would like to thank our shareholders for their support this past year and now look forward to continuing with the task at hand of discovering and ultimately proving up an economically feasible gold deposit at the Queen Alexandra gold mine.
About Cannon:
Cannon Exploration 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.
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Mar 16, 2010 07:45 ETCannon Exploration CNEX to Re-Start Canadian Gold Exploration
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.
NEW YORK, NY--(Marketwire - March 16, 2010) - Cannon Exploration (PINKSHEETS: CNEX) announced yesterday that it will begin operations on its Queen Alexandra property in Ontario, Canada.
The Queen Alexandra mine has produced gold since the early 20th century, yielding 18 tons of ore graded at 16.6 ounces of gold. Cannon intends to work not only these mines, but actively acquire other early stage development stage mineral exploration companies to form high yielding joint ventures.
Ontario has been the lead producing area for gold in Canada, yielding nearly 55% of the country's total output in 2009 which was almost $1.9 billion.
With gold still near all time highs of over $1,000 an ounce, Cannon is perfectly positioned to benefit the gold market's need for more producing properties.
For more information, please visit www.smallcapsociety.com/cnex.php.
Other active stocks are Yamana Gold Inc. (NYSE: AUY), IAMGOLD Corp. (NYSE: IAG) and Dana Resources (OTCBB: DANR).
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Mar 17, 2010 10:30 ETCannon Exploration Completes Latest Work Program on 'Queen Alexandra' Gold PropertyPHOENIX, AZ--(Marketwire - March 17, 2010) - Cannon Exploration (PINKSHEETS: CNEX) is pleased to announce that the latest work program on the company's Queen Alexandra Gold Mine, located in the Kenora district of Northern Ontario, has been completed.
The program was successful and focused on the collection of new rock samples. The company has now completed the program that saw Cannon perform ground geophysics on and reconnaissance of the property. Mapping and sample collection completed the focus of this phase of the exploration program.
These samples will now be submitted to the lab for analysis and assaying of the rock samples for gold content.
Cannon will release results of the assays as soon as they are completed.
About Cannon:
Cannon Exploration 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.
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Apr 14, 2010 08:00 ETCannon Exploration Releases Assays From 'Queen Alexandra' Gold PropertyPHOENIX, AZ--(Marketwire - April 14, 2010) - Cannon Exploration (PINKSHEETS: CNEX) is pleased to release selected values from the company's recently completed rock sampling program carried out on the Queen Alexandra property, located in the Kenora district of Northern Ontario.
Sample results varied and included values that returned 1.34 Au g/t (#709256), 4.66 Au g/t (#709255) and 14.47 Au g/t (#709258).
"We are making good progress with the Queen Alexandra, and are encouraged with the results achieved up to this point. The sampling confirmed what we thought, that there is gold on the property, so now we have to continue to define the property in terms of its geology and the prospective mineralized zones, by doing more work. We'll look to do more geophysics, possibly some IP surveying of the property, and that will allow us to get a better look at the entire ground from surface and with some depth. After the geophysics, more sampling can be done on a larger scale," stated Edwin Solano, President of Cannon.
Cannon has also begun the process of interviewing candidates to act as the "Qualified Person" (QP), under National Instrument 43 101 (NI 43 101), to assume the management of the next phase of exploration for the Queen Alexandra. The role of the QP will be to guide the next phase of exploration on the property. The QP will be responsible for the accuracy and reporting of all information and direction regarding the property.
The QP designation will ensure that the company and all information released will be compliant with the standards of exploration and development as set by the NI 43 101 program, the industry standard.
About Cannon:
Cannon Exploration 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.
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Apr 19, 2010 12:03 ETCannon Provides Information on 'Queen Alexandra' From Ontario Geological Survey and Its Recommendations for Exploration in Kenora Mining DistrictPHOENIX, AZ--(Marketwire - April 19, 2010) - Cannon Exploration (PINKSHEETS: CNEX) announced today that The Ontario Geological Survey (OGS), a division of the Ministry of Northern Development and Mines (MNDM), has released their recommendations for exploration for gold in Northern Ontario, which include Cannon Exploration's Queen Alexandra Gold Mine.
The OGS and MNDM published their recommendations for exploration in 2009 for Ontario. In the study, the OGS recommends exploration for gold in the Kenora district of Ontario as favorable because of the discovery of gold in the area, and the favorable geology of the area to host gold mineralization.
In their recommendations for the Kenora district, the survey makes note of the "Queen Alexandra Mine" and its location within the areas that would be "favorable to the emplacement of gold-bearing quartz veins," adding that the old mine has a history of gold showings, and has produced gold in the past.
The following excerpts have been selected from the OGS publications, which provide a source(s) of information on the geological setting and summaries of mineralization potential in the Kenora area.
Ontario Geological Survey (OGS) Geological Publications
"It is immediately evident that the majority of gold occurrences at Manitou Lakes occur northwest of the through-going Manitou Straits Fault. Undoubtedly this deformation opened up fractures that would have been favorable to emplacement of gold-bearing quartz veins. The Frenchman Island (1), Swede Boys (2), Haycock (3), Reliance (4), and Queen Alexandra (5) deposits all occur either in close proximity to, or within, felsic stocks. Gold-bearing quartz veins at Frenchman Island occupy fractures in a sub volcanic microgranodioritic plug. There are over 50 gold deposits at Upper Manitou Lake. It is apparent that stratigraphy plays an important role in the concentration of gold at Upper Manitou Lake. Gold deposits are situated near the contacts between the Blanchard Lake, Upper Manitou Lake, and Pincher Lake Volcanic Groups." These publication(s) can be viewed from the Geology Ontario website. The introduction of this gold summary compilation presents a method to download publications from the website http://www.geologyontario.mndm.gov.on.ca
The information contained within the report/survey confirms what the management of Cannon has felt about exploration in the Kenora area, and the Queen Alexandra property; the best place to explore for gold is where it has already been found.
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May 10, 2010 08:30 ETCannon Announces Spring Exploration Program; Work to Start in Late MayPHOENIX, AZ--(Marketwire - May 10, 2010) - Cannon Exploration (PINKSHEETS: CNEX) is pleased to announce that the company will be returning to the Queen Alexandra property sometime in late May to continue with the next stage of exploration.
The company has also engaged a new geophysics company to contract for the management of the next phase of exploration on the property. Currently the companies are in the process of reviewing data from the previous exploration programs, and will draw from the information to complete the plan for the spring/summer program. The move to a new partner for the exploration of the Queen Alexandra is based on the company's desire to become compliant with the NI 43 101 standards on a going forward basis.
The Ontario Geological Survey lists 55 companies that have active programs or properties staked for base metals, gold, uranium, molybdenum, and diamonds, in the Kenora District, which includes Dryden.
Many of the properties have had previous exploration and some extraction over the years, but the many juniors are back in there as mineral prices remain high.
The area's geology is structurally complex and much of what lies deep down is relatively untouched. In the Kenora area, compared to more established camps like Red Lake, there's only a few diamond drill holes that have penetrated down 1,000 feet. Many companies are referring to historical information (drill logs, prospecting/assessment reports, government surveys and records, production logs) in an effort to take some of the guesswork out of the search for metals in the area.
Champion Bear, Treasury Metals, Manitou Gold, MPH, Canadian Arrow, Tamaka Gold, to name a few, are some of the companies currently exploring for various mineral deposits in the Kenora and Dryden regions.
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DEVILDOLPHIN
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