Acadian Mining

Forest Hill

Forest Hill is an advanced underground gold project located 200 kilometres northeast of Halifax (40 kilometres southeast of Antigonish), and is 100% controlled by Acadian Mining. The property consists of consists of 88 contiguous mineral claims that encompasses the former operating Forest Hill mine and the favourable gold bearing geological structures in the immediate vicinity. There are currently ~10 kilometres of underground development at this site. Historic mining activity occurred from the late 1800's until 1916, with documented production of ~25,000 oz.

Between 1981 and 1989 the property was explored by Seabright Resources and Westminer Canada, including sinking of a 230 meter shaft (Teasdale Shaft) and development of ~ 10 kilometres of underground workings. A total of 105,143 tonnes of material mined during this period, including low grade material from development headings and high grade material from test stopes, returned a reconciled head grade of 6.39 g/t. Calculated gold grades for mill feed for diluted stoped material from the latter part of the bulk sampling ranged from 9.2-13.8g/t. Gold recovery from gravity and floatation was 94.9%.

The deposit is characterized by bedding-concordant quartz veins on the overturned limb of the Forest Hill Anticline, with numerous veins documented over a stratigraphic interval of ~250m. Veins occur within schistose intervals separated by metasandstone. High grade mineralization is confined to ore shoots within individual veins that plunge to the east, parallel to the fold hinge. Recognition of these shoots by Westminer Canada is reflected in the higher mill grades reportedduring the latter stages of mining.

Acadian drilled a total of 82 diamond drill holes (12,174m) between 2003-1005. These drill results were incorporated with results of previous surface and underground drilling as well as results from specific underground sampling and used in the creation of the current resource estimate. The resource estimate was generated using the polygonal method of volume 
calculation applied to vertical longitudinal sections, with weight-average gold grades over a minimum estimated true width of 1.2m.

Drilling by Acadian resulted in the discovery of previously unknown mineralized zones and the potential for additional resources are considered good.

• 16 July 2010 Acadian Mining and Golden River Complete Private Placement > Read more

• 8 July 2010 Acadian Mining Announces Private Placement > Read more

• 30 June 2010 Acadian Mining Corporation 2nd Quarter Financial Statement > Read more

• 30 June 2010 Acadian Mining Corporation 2nd Quarter Management Discussion & Analysis > Read more

• 25 June 2010 Acadian Mining Announces Highlights Of AGM, Appointment Of New Director And Grant Of Options > Read more

• 24 June 2010 Acadian Mining Announces the Appointment of a New President And Chief Executive Officer > Read more

• 3 May 2010 Acadian Mining Announces Sale of its 29.18% Interest in Royal Roads Corporation > Read more

• 20 April 2010 Acadian Mining Enters into an Agreement for the Sale of its 29.18% Interest in Royal Roads Corp. > Read more

• 14 April 2010 Acadian Mining Concludes Access Agreement For Drilling And An Option To Lease Lands At Its Fifteen Mile Stream Gold Property > Read more

• 5 April 2010 Acadian Mining Commences Airborne Survey Over Its Large Gold Claim Holdings > Read more