This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

CJT Financial, Inc. Press Release





WEST JORDAN, Utah, Jan. 16, 2013 /PRNewswire/ -- "As a result of inquiries made by the British Columbia Securities Commission, the issuer is making the following news release."

  • What investor relations the Company is engaged in.
  • Current contact information for the Company

In a press releases prepared and issued by Success Global Investor Relations on September 9, 2010, September 14, 2010, September 30, 2010, and October 7, 2010 Brian R. Collins was listed as a contact person for the company in error. 

Brian R. Collins is not an employee or officer of the company and should not have been listed as a contact person. 

Effective today, the company has selected new Investor Relations representation. 

Pat Rost  PMR & Co. Contact # 858-353-8142

Or the company CJT Financial, Inc.  N. Fred Anderson, President 801-679-3945 fred@cjtmining.com

Also included in today's press release is a copy of a recent mining property drilling report dated December 29, 2012  by CJT Mining, Inc. a wholly owned subsidiary



CJT Mining, Inc.  (Wholly owned Subsidiary of CJT Financial, Inc.)

Summary of Geologist Report on Drilling -  December 29, 2012



The company has just received the Drilling Summary Report from our Geologist, Brian R. Bond

In summary he makes a number of statements regarding the silver and gold verified in the drilling just completed:

  1. Compares the drilled area to the Round Mountain, NV;  Manhattan, NV; Silverton CO; Mulatos, MX projects "These are multi-million ounce, gold and silver deposits."
  2. "At Reveille, a thick sequence of limestone and dolomite is capped by volcanic flows… Silver and gold were mined from carbonate replacement deposits at their contacts."
  3. A figure of over 500,000 tons of ore were calculated… "There are indications that it could be greater.  The potential for gold bearing ore could be greater than that of silver as at Round Mountain, NV.
  4. "Gold and Silver mineralization were encountered in all eight of the holes which were completed.
  5. "… had the highest concentration of manganese oxides… Silver is associated with manganese oxides."
  6. "A speck of visible gold was observed in interval 45'-50' which was strongly silicified and choloritized dolomite."
  7. "… arsenopyrite occurs in intervals … Arsenic is a pathfinder element for gold."
  8. "Iron sulfides release the gold which they contain when they oxidize."
  9. "Drilhole CJT-6 was the most strongly mineralized hole that has been drilled to date." Since we are talking about silver and gold mineralization throughout, we can take this to mean that this hole had more gold silver mineralization than any of the others. 
  10. "Barite veinlets were between 395' and 515'… Gold and silver are often proximinal to barite veining." 
  11. "Sulfide minerals release the gold which they contain when they are oxidized." 
  12. "The bedrock consisted of strongly silicified volcanic (Twm), containing up to 5% manganese oxide dendrites.  Silver is associated with manganese oxides."
  13. "Gold is peripheral to silver, on the west side of the Reveille district.  The raito of gold to silver increases to the west, overlying the geophysical anomaly underneath claim block #1."
  14. "The mineralized zone on claim 370A gets thicker to the southwest, towards claim AP5.  The thickness of the overlying volcanic is much less than previously thought.  Consequently, the stripping ratio will be reduced…"
  15.  "Additional drill intercepts require assay.  Drillholes CJT-3 and CJT-4 should be analyzed for gold and not just silver.  Samples adjacent to mineralized intervals should be sent out for gold and silver assay."

This drilling is the first drilling of the western Reveille district with modern equipment, as well as the deepest to date. Eight (8) holes were completed for a total of 3800 feet drilled with from 305 feet to 600 feet per hole or an average of 475 feet.  The company objectives for the drilling program was to:

  1. Verify what type of geological structure we were dealing with,
  2. Verify the mineralization to a depth of several hundred feet
  3. Determine the size of the volcanic flow cap over the top of the mineralized host rock. This is needed to determine how much overburden we have to deal with when mining commences. 
  4. Begin the process of verifying the tonnage available for mining. 

All of the  company's objectives were met.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs