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As of 8:10 PM 04/11/14 All times are local (Market data is delayed by at least 15 minutes).

expedition mining inc (UULFF) Snapshot

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52 Week High
05/15/13 - $0.06
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Market Cap
1.6M
Average Volume 10 Days
70.0
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58.3M
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expedition mining inc (UULFF) Details

Expedition Mining Inc., a resource exploration company, engages in the acquisition, exploration, and development of gold properties in Canada and the United States. It holds interest in the Joy Gold property and Mt. Mervyn property located in the Mayo Mining District, Yukon Territory, as well as Brew property located in the White Gold District, Yukon Territory. The company also holds interest in the Tact & Buff property located in the Battle Mountain District, Nevada. In addition, it has an option agreement to acquire a 100% interest in the Slate Mountain property, Jenny Hill property, and Black Hills property in the Mineral County, Nevada. The company was formerly known as Universal Uranium Ltd. and changed its name to Expedition Mining Inc. in July 2010. Expedition Mining Inc. is headquartered in Vancouver, Canada.

expedition mining inc (UULFF) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$122.8K
Chief Financial Officer
Total Annual Compensation: C$64.2K
Compensation as of Fiscal Year 2012.

expedition mining inc (UULFF) Key Developments

Expedition Mining Inc. Provides Update on 2014 Exploration Programs Within the Walker Lane Mineral Belt

Expedition Mining Inc. provided update on the 2014 exploration programs within the Walker Lane Mineral Belt. The company reported that the drill has arrived on the Long Canyon property and work commenced on March 17, 2014. The 1,600 m (5,000 ft) of reverse circulation drilling planned for the initial drill program will test the anomalous gold values reported from surface sampling and trenching. No previous drilling has been carried out on the property. This property consists of 39 unpatented lode claims located 200 kms southeast of Reno and 16 kms southeast of the community of Mina, Nevada. Preliminary rock sampling has returned gold values up to 1.7 g/t over 3 m, and up to 9.7 g/t gold and 529 g/t silver in grab samples. The property hosts an extensive siliceous zone containing strongly anomalous mercury (to 155,000 ppm), antimony (to 987 ppm) and arsenic (to 2790 ppm) values. This work has identified several structural trends associated with multi-element soil anomalies. These 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 less than 1 cm to greater than 1 m in thickness. At least two of these NNE zones have been identified to date. 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. The northerly trending structures extend through the Pilot Mountains to the north, and are covered by pediment fans to the south. The intersections of these structural zones are believed to be important localizing features for the mineralization encountered at the Bellville Mine and the deposits in the Douglas Camp. 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 until 1939 from 2 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.

Expedition Mining Inc. Provides Update on the 2014 Exploration Programs Within the Walker Lane Mineral Belt

Expedition Mining Inc. announced to provide the update on the 2014 exploration programs within the Walker Lane Mineral Belt. Permitting for a drill program to test the surface anomalies at Long Canyon, is underway and the contract has been awarded to Harris Exploration Drilling Inc. A 1,525 m (5,000 ft) reverse circulation drill program consisting of 11 holes has been designed to test a 1200 m portion of the main structural trend. The majority of the anomalous gold and silver values on the property, and the previously announced trenching results are located within this structural zone. 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 high 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 intersection of the main northeast zone, with a west-northwest structure, is co-incident with an IP target generated by the historical survey. The IP target and the northeasterly structural zone will be the focus of the upcoming drill program. 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.

Expedition Mining Inc. Announces Drill Program Planned for Long Canyon Gold Project

Expedition Mining Inc. to provide this update on the 2013 exploration programs within the Walker Lane Mineral Belt. 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 high 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. 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. LONG CANYON 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.

 

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