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 email@example.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:
- 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."
- "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."
- 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."
- "Gold and Silver mineralization were encountered in all eight of the holes which were completed.
- "… had the highest concentration of manganese oxides… Silver is associated with manganese oxides."
- "A speck of visible gold was observed in interval 45'-50' which was strongly silicified and choloritized dolomite."
- "… arsenopyrite occurs in intervals … Arsenic is a pathfinder element for gold."
- "Iron sulfides release the gold which they contain when they oxidize."
- "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.
- "Barite veinlets were between 395' and 515'… Gold and silver are often proximinal to barite veining."
- "Sulfide minerals release the gold which they contain when they are oxidized."
- "The bedrock consisted of strongly silicified volcanic (Twm), containing up to 5% manganese oxide dendrites. Silver is associated with manganese oxides."
- "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."
- "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…"
- "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."
- Verify what type of geological structure we were dealing with,
- Verify the mineralization to a depth of several hundred feet
- 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.
- Begin the process of verifying the tonnage available for mining.
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