Länk till pressrelease. Ett gott tecken, nu är det bara att fortsätta på den inslagna banan. Jag vet inte hur mycket pengar detta inbringar men nu kommer dem ju att fortsätta bryta malm och sälja så förhoppningsvis kan CMC Metals å sitt på det torra framöver. Jag säger förhoppningsvis, för jag är inte tillräckligt bra insatt för att veta.
October 19, 2016
Radcliff Joint Venture Starts Shipping Material to Midas Mill
Vancouver, B.C.: CMC Metals Ltd. (the “Company”) is pleased to announce that the Company and Pruett Ballarat Inc. (“PBI”), the mine operator and the Company’s joint venture (“JV”) partner at the Radcliff Mine Property (“Radcliff”) has commenced shipping material to the Klondex Mines Operations Inc. (“Klondex”) Ore Processing Mill at Midas mine, situated in Elko County, NV, under a ‘test batch’ arrangement. The renewable agreement for purchase and sale of gold ore allows for Klondex to process up to 6,000 tons of oxide-dominated gold-bearing rock, in batches of 1,500 tons. The agreement allows for an initial smaller test batch of Radcliff mineralized rock to be treated (approximately 500 tons).The Company’s business plan is to selectively mine “high grade” portions1 of an indicated resource at the Radcliff, with run-of-mine grade calibrated sub-sampling of mined material at the run-of-mine sub-sampling plant located at the 5510-level portal. Sampled material is submitted to an off-site laboratory.
1 The presence of “high grade material” at Radcliff is documented in the NI43-101 compliant technical report filed on SEDAR. The mineral resources as stated January 9, 2013, remain current mineral resources.
Since the release of October 4, 2016, PBI has taken six production rounds (estimated to total about 232 short tons ["tons"] and two slash rounds [estimated at 24 tons]). Of the material mined, four of the rounds have returned production estimate sample assays that meet the criteria for shipping. Material not qualified for processing at Midas will be stockpiled for processing at the Company’s Bishop Mill facility, in anticipation of completion of the bond arrangements with the California Regional Water Quality Control Board in Lahontan, CA. The Mill is being refurbished for commencement of operations in Q1, 2017.
CMC President, Ian Graham commented: “The first shipment of material to Klondex is a major achievement for the Company. Cash flow from the shipment will be used to increase production in anticipation of final permitting at the Company’s 100% owned Bishop Mill.”
The Company further wishes to announce it has received 300,000 shares from MGX Minerals Inc. (“MGX”) pursuant to an agreement announced July 19, 2016 for the lease of the Silver Hart portable mill by
MGX for a period of 6 months. Upon completion of the term of the lease, the Plant will be shipped to the Company’s operations in California, USA.
On behalf of the Board:
“Michael Scholz”
___________________________________
Michael Scholz, Director
CMC METALS LTD.
Etiketter: CMC Metals