CNRP Mining (CNSX:CND) Begins Trading on Canadian National Stock Exchange - Video Summary on www.investmentpitch.com
Vancouver, British Columbia, April 19, 2013 - CNRP Mining (CNSX:CND) is one of the latest new listings on the Canadian National Stock Exchange. CNRP Mining, a Toronto based mineral company, was recently created through a spin off from Winston Resources (CNSX:WRW)
CNRP is primarily focused on developing its 100% owned Elmtree Gold Project in New Brunswick, Canada, which it acquired in June 2012 for approximately $7,700,000.
InvestmentPitch.com has produced a "video news alert" which provides a brief overview of CNRP Mining. If this link is not enabled, please visit www.InvestmentPitch.com and enter "CNRP" in the search box.
The Elmtree Property is located in the Bathurst Mining Camp approximately 25 kilometres northwest of Bathurst, New Brunswick and comprises a total of 83 claims that cover a contiguous area of approximately 1,811 hectares.
Elmtree has an indicated and inferred gold resource of 294,000 ounces, and the management of CNRP seeks to expand the resource with additional drilling and subsequently to complete an open pit mine development feasibility study. CNRP commissioned an updated NI43-101 in June 2012 undertaken by Micon International, who are well known for their conservative approach to technical reports, which increased the resource at Elmtree by 33%.
It is now seeking to raise a $1,000,000 private placement to proceed with Phase 1 of a drilling campaign which is intended to define the size of the resources prior to a pre-feasibility analysis for an open pit mine.
The company is showing an opening bid of $0.60, and with 14 million shares outstanding, is currently capitalized at $8.4 million.
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Barry Morgan, CFO
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Source: InvestmentPitch via Thomson Reuters ONE
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