But the stock still trades?
TORONTO--(MARKET WIRE)--Oct 2, 2008 -- Cannon Exploration Inc. (Other OTC:CNEX.PK - News) announces that mobilization of the field crew that will perform the next stage of exploration on the company's "Queen Alexandra" gold mine, has begun, and work will commence within the next few days.
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The company has approved of the proposed work program, which will see Major Management Exploration Services ("MMES") complete the grid on the property, and conduct ground geophysics, east and west of the shaft. The program also includes the collecting of rock samples along the geophysical conductor axis, and thorough investigation of the old shaft area and rock structure.
The Queen Alexandra gold mine is located just outside of the town of Dryden, in northern Ontario, Canada. MMES, who has been involved in various exploration and development programs in Canada for the past 40 years, will perform the work.
Cannon Exploration Inc., a quality mineral resource exploration company involved in resource and mineral exploration and development in the North American marketplace, is focusing primarily on properties located in preferred mining districts in Canada.
About Cannon:
Cannon Exploration is positioning itself to emerge as a quality mineral resource Exploration Company in the North American mining industry, focusing primarily on properties located in preferred mining districts in Canada.
