11:12:32 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



CMC Metals Ltd
Symbol CMB
Shares Issued 53,086,146
Close 2011-08-02 C$ 0.24
Market Cap C$ 12,740,675
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ORIGINAL: CMC Metals Ltd. Silver Hart Exploration Update

2011-08-03 09:49 ET - News Release

(via Thenewswire.ca)

Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce that the 2011 bulk sample ore started to be trucked from the site today. The goal for 2011 is to extract 2500 tonnes of direct ship ore. To date an estimated 589 tonnes (S.G. 3.0) have been excavated over the last two weeks. The ore is now being trucked off the site for further processing to shipment specifications. Preliminary testing of the stockpiled ore demonstrated a grade exceeding 3000 grams per tonne based on a mean value of 12 random samples. The direct shipment extraction will continue over the next 6 weeks. Once the ore has been crushed, a representative sample will be assayed and reported. The Company is reviewing purchase proposals and will report when the purchase contracts have been signed.

The geochem survey for the 2011 exploration program has now been completed. Samples are being prepared for assays and the results will be analyzed for potential anomalies. The results should be ready within four weeks. Based on the analysis, shallow drilling may proceed to delineate any potential mineralized zones.

In compliance with NI 43-101, Don Wedman, P.Eng., President and Chief Executive Officer of the Company, is the Qualified Person who prepared or supervised the preparation of the technical information presented in this news release.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

Donald W. Wedman, P.Eng.

CMC METALS LTD.

For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at MineralStocks Consulting. Telephone: 250-495-7123, or Email: gz@mineralstocks.com.

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.

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