 |
 |
| July 20, 2009 Silver Hart Mill Prefabrication Reaches 70 Percent Completion | |
| Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce that the Silver Hart Mill prefabrication has reached 70 percent completion. To date 98 percent of the required equipment and materials have been purchased and transported to the Nevada prefabrication site. The structural steel works has completed five of the eight modules. The remaining three modules will be completed over the remainder of 2009. The main milling process is standard gravity flotation concentration and will operate year round to process 20,000 tonnes annually. SGS Lakefield Laboratories Ltd. conducted a detailed metallurgical study to define the mineral recoveries by flotation methods in 2007. Based on the SGS Lakefield Laboratories Ltd. metallurgical test results, metal recoveries from the raw ore are 96.9% silver, 97.0% lead, and 80.0% zinc. The 80 tonne per day mill is being modularized in eight structural modules that can be quickly assembled on site. Constructing the mill facilities in modules will greatly reduce the construction timeline and assembly costs at the front-end of the project and minimize decommissioning of the site. Once the modules are on site, assemble will take 30 days to have the mill ready to process the initial commissioning stockpile ore. A Class B Water license will be applied for the milling operation upon receipt of the Decision Document. Based on current approval schedules, mill commissioning could take place as soon as six months from receiving the Decision Document this fall. The Company would also like to announce that based on our business focus of developing high grade precious metal mines, we have determined that the CK property will not meet our development criteria and have decided to terminate our option agreement. CEO and President of the Company stated that "Current base metal markets would not warrant the capital risk of advancing the CK project at this point in time. To maximize the value to our shareholders, it was determined that acquisition of other available properties of merit would be a better value for the Company." The Wheelbarrow property acquisition was recently completed and work is underway on acquiring exploration permits for 2009. Other properties of merit are being considered at this time for potential future development projects. This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. The technical information herein has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Donald Wedman, P.Eng., President and Chief Executive Officer for CMC Metals Ltd., a qualified person under National Instrument 43-101. On behalf of the Board: "Don Wedman" Don Wedman, P.Eng. CEO CMC METALS LTD. For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at StoxNetwork Corp. Telephone: 250-495-7123, or Email: . Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. | |
You can view the Next News Releases item: Wed Jul 29, 2009, 41,900 Grams per Tonne intersection in the TM Pit You can view the Previous News Releases item: Thu Jun 25, 2009, Closing of 4,000,000 Unit Private Placement @ $0.10 Per Unit/Resetting of Incentive Stock Options You can return to the main News Releases page, or press the Back button on your browser. |
| Home | Corporate | Projects | News | Investors | Contact | QwikReport | ©2008 CMC Metals Ltd. All Rights Reserved |