THE SILVER HART PROPERTY - Yukon
CMC Metals Ltd., 100-per-cent-owned Silver Hart mine project is in the permitting phase to bring it into production. This property contains a high grade silver resource with silver grades averaging over 1.93 kg/tonne (56.5 oz/ton) in the TM zone (not NI 43-101 inferred resources).
To date, over $8.5 million has been spent on exploration and infrastructure development on the Silver Hart property with over 8,834 m of drilling. There are over 20 known mineralized trench showings, with only four zones being drill developed. Less than 6.5% of the CMC claims have been explored leaving a tremendous opportunity for expansion.
High Grade Bulk Sample - CMC Metals Ltd. has completed extraction of a 200-ton bulk sample at the Silver Hart property. The purpose of the bulk sample is to test metallurgical recovery of the high-grade A and B vein, test grade variability down dip and depth continuity of the vein. During recent exploration, the company discovered a hydrothermal vein that ranged between 388 ounces per ton (12,136 grams per tonne) to 1749 ounces per ton (54,660 grams per tonne) silver in the B vein.
BISHOP MILL - California
CMC Metals purchased 100 percent ownership of a 50 tpd mill located in Bishop, California. The mill was constructed by Mammoth Mountain Mining in 1985 and is fully secured by fence, line power to the site, one mile from a paved highway and contains a water well for operational use.
The Bishop Mill is intended to be a source for permitted mines in the area to process ore. The company intends to not only earn income from producing ore concentrate but will also seek to acquire a potential interest in the underlying mineral properties. In the short term, CMC plans to commission the mill by expanding the tailings pond, doubling the mills rated capacity, acquire and/or joint venture on mineral properties that can be source material for the mill and make necessary preparations to be ready for processing. CMC Metals are scheduling the commissioning of the mill during the first quarter of 2011. The only remaining permit is the Water Licence to construct the tailings pond.
May 01, 2012: Radcliff/Worldbeater Property Acquisition
Apr 17, 2012: Direct Ship Ore Contract Signed
Mar 05, 2012: Radcliff Property Update
Feb 07, 2012: Bishop Mill Facilities Amended Plan of Operation being reviewed for Acceptance /Grant of I...
Dec 21, 2011: Purchase of Additional Interest in the Radcliff Gold Property/Closing of the 1,000,000 Uni...
Apr 17, 2012: Direct Ship Ore Contract Signed
Mar 05, 2012: Radcliff Property Update
Feb 07, 2012: Bishop Mill Facilities Amended Plan of Operation being reviewed for Acceptance /Grant of I...
Dec 21, 2011: Purchase of Additional Interest in the Radcliff Gold Property/Closing of the 1,000,000 Uni...
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