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Acadian Announces Initial Mineral Resource Estimate for the Hudson Zone, Fifteen Mile Stream Deposit
8:00AM ET on Tuesday Jun 04, 2013 by CNW Group

Trading Symbol: ADA: TSXV; ADAIF: OTCQX

Acadian Mining Corporation ("Acadian" or the "Company") is pleased to announce the results of a NI 43-101 compliant Mineral Resource Estimate for the Hudson Zone at its wholly owned Fifteen Mile ...

Company Information

Acadian Mining Corporation is an exploration-stage company. The Company focuses on exploration and development of its portfolio of gold properties in Nova Scotia, totaling approximately 43,000 hectares. The Company's principal efforts with respect to gold are focused on exploring and developing its two potential bulk tonnage-open pit deposits: Fifteen Mile Stream and Beaver Dam, and to a lesser extent on its other gold properties, including Beaver Dam, Forest Hill, Goldenville, Tangier and Fifteen Mile Stream. The Company's subsidiaries include Annapolis Properties Corp., 6179053 Canada Inc., 6927629 Canada Corp. and Royal Roads Corp. As of December 31, 2011, the Company owned 72% interest in Golden River Resources Corporation. On May 31, 2011, the Company sold ScoZinc Limited.

CONTACT INFORMATION

Headquarters15601 Highway 224, Cooks Brook
COLDBROOK, NS, Canada B0N 1Y0
Phone902-444-7779
Fax902-444-3296

EXECUTIVE OFFICERS

Independent Chairman of the BoardAllan Trench
President, Chief Executive Officer, DirectorGrant Ewing
Chief Financial OfficerStacey Stone

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Market Cap$4.5MBeta2.61
Revenue (TTM)$0.00EPS$-0.14
Shares Out.64.2MBook Value$0.13
Dividend Yield0.00%P/E--
Annual Dividend Rate$0.00Price/Sales (TTM)--
Ex-Div Date1/1/01P/Cash Flow (TTM)--
Pay Date1/1/01Operating Margin--

*GAAP = prior to non-GAAP analyst adjusted earnings.

(Non-GAAP)*

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