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Mining PRs and the Ottotrans™, part 79

Today’s edition of our occasion series picks on one company (because they drew attention by waffling on so much) but can be applied to many NRs your humble scribe has been fielding recently. It’s not a new phenomenon either, but it’s one that been seen far more frequently in the past few weeks so it’s time to turn the spotlight on the genre. We do so via the 1,189 words contained in Expedition Mining’s (EXU.v) NR this morning and then, in time-honoured style, crunch them down to just nine.

This is what they wrote

Expedition Mining Announces Drill Program Planned for Long Canyon Gold Project

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 25, 2013) –
Expedition Mining Inc. (TSX VENTURE:EXU) (the “Company”) is pleased to
provide this update on the 2013 exploration programs within the Walker
Lane Mineral Belt. 
2013 TRENCHING PROGRAM COMPLETED
The
trenching program utilized a rubber tired backhoe to clear the surface
float and excavate into the bedrock. Generally the undisturbed bedrock
is less than 1 m below surface. Trenches were excavated in areas of
visible alteration and veining along with zones associated with regional
structures. The best results were derived from trenches 2, 2A, 7 and 8,
located in the vicinity of IP target #2. Gold values were similar to
previous sample results with the highest value being 1.27 g/t over 3 m in trench 2. This sample was part of a wider zone of 6.5 m grading 0.93 g/t gold. A sample of vein material from trench 2A contained 61.9 g/t silver
along with 0.3 g/t gold. This work confirmed that the anomalous values
are predominantly associated with the northeasterly trending structural
zones, the intersections of which are co-incident with an IP target
generated by the historical survey. Overall the company is very pleased
with the results from the trenching program, and is evaluating the
results to plan the 2014 exploration program.
2014 DRILL PROGRAM
Permitting
for a drill program to test these surface anomalies is underway and
bids are being solicited for this work. Reverse circulation and core
drilling are being considered for this program which will consist of 10
to 15 holes.
To view the South Claim Compilation maps and IP #2 Target on our website, please click here. 
LONG CANYON PROPERTY
This
property consists of 37 unpatented lode claims located 200 kms
southeast of Reno and 16 kms southeast of the community of Mina,
Nevada. Previous exploration programs have identified an extensive
geochemically anomalous area associated with the intersection of several
structural trends. These multi-element soil and rock anomalies are also
co-incident with chargeability and resistivity IP anomalies. The
central portion of the property exposes a silicified zone consisting of
widespread chalcedony and intensely silicified country rocks.
Structurally
the Long Canyon project area is dominated by strands of the northwest
trending Walker Lane Fault Zone. Arcuate splays from the main faults
trend east-west across the property and are exposed in many of the
drainages. Regional scale northerly trending structures are also present
which extend through the Pilot Mountains to the north, and are covered
by pediment fans to the south. The intersections of these two structural
zones are believed to be important localizing features for the
mineralization encountered at the Bellville Mine and the deposits in the
Douglas Camp to the west.
The majority of the Long Canyon
property is underlain by rocks of the Permian Mina Formation. These
consist of quartz rich sediments including sandstones and mudstones
along with tuffaceous units derived from volcanic sequences. The
northern portion of the property has been intruded by an unnamed coarse
grained gabbroic unit that forms a distinct magnetic high on the
property magnetic survey. Tertiary volcanic rocks are widespread to the
north of the property.
The structural zones trend dominantly
north-northeast and northwest, and intersect beneath the extensive
siliceous zone which occupies the central portion of the property. The
north-northeast trend is characterized by swarms of narrow quartz veins
with a general northerly orientation and subvertical dip. These veins
range from <1 -45="" 1="" a="" and="" are="" attitude="" belt.="" cm="" dip="" eins="" font="" from="" generally="" greater="" in="" lane="" m="" nbsp="" northwest="" nw="" oriented="" show="" sub-parallel="" than="" the="" thickness.="" to="" trending="" variation="" vertical="" walker="" within="" zone="">
The Long Canyon project is situated
in southeastern Mineral County and is flanked by several well known
historical mining districts. The Pilot Mountains to the north have a
long history of mercury production, followed by tungsten mining along
the eastern edge of the range. The former producing Belleville Mine
8 kms north of Long Canyon reportedly produced around 100,000 ozs to
1939 from two quartz veins. 
To the west the Douglas Camp area
was dominantly a gold and silver camp which also contained abundant
scheelite and produced over $1,000,000 of tungsten during and after WW1.
To the southwest the Candelaria District was known for high
grade silver deposits which averaged 60 oz/ton in the early days of
mining. By 1999 over 68 million ounces of silver had been extracted from
the mines in this district.
Expedition’s disclosure of a
technical or scientific nature in this press release has been reviewed
and approved by James Chapman, P.Geo, who serves as a qualified person
under the definition of National Instrument 43-101.
Expedition
Mining Inc. (TSX VENTURE:EXU) is a publicly held Canadian exploration
company focused on acquiring, exploring and developing gold properties
located in favourable geo-political climates. The company is led by a
highly skilled, experienced board and management team with significant
successes in managing early stage mineral exploration companies. For
additional information concerning Expedition Mining Inc. or its various
exploration projects please visit Expedition’s website at www.expeditionmining.com.

And this is what it means

We don’t have enough money to drill the property

.

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