CJT Mining Reports Precious Metals Tonnage Increase in Nevada
WEST JORDAN, UTAH, Sep. 30, 2010 (Marketwire) -- 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 ofNumbers Estimate Ton Gold Ton SilverAP2, AP3 100,000 0.0200 2,000 7.00 700,000RSM 1, 2, 3 65,000 0.0300 1,950 7.00 455,00070A 900,000 - - 41.58 37,422,00024A 900,000 - - 12.75 11,475,0001A, 13A 1,800,000 - - 8.53 15,354,00077A, 231A 1,800,000 0.0071 12,857 18.32 32,976,000Chart 2 Analysis of Tonnage and Assay estimates Cumulative Total All Releases to Date Claim All Releases Cum. Ozs Cum. OzsNumbers Tonnage to Date Gold to Date Silver to DateAP2, 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.
Success Global Investor Relations 212-504-2921 virginea@success-ir.com Brian Collins brcollins@shaw.ca
Source: Marketwire Canada (September 30, 2010 - 9:10 AM EDT)
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