07:46:59 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



CMC Metals Ltd
Symbol CMB
Shares Issued 55,378,646
Close 2011-10-25 C$ 0.215
Market Cap C$ 11,906,409
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ORIGINAL: CMC Metals Ltd.: Silver Hart Direct Ship Grades

2011-10-26 14:23 ET - News Release

(via Thenewswire.ca)

Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce the assay average for the high grade direct ship ore that is prepared and ready for shipping. Approximately 10 percent of the ore bags were sampled to determine the average grade of the ore. The sample mean of the 15 samples demonstrated an average grade of 13 percent lead, 24 percent zinc, 0.79 percent copper, and 5,000 grams per tonne silver. Samples were prepared and assayed by ALS Laboratory Group in Vancouver, an ISO qualified assay facility. Silver values were determined using fire assay method with gravimetric finish. All other assays were by 4AR-ICP method. Standard samples and blanks were used for quality assurance and quality control for sample analysis. Final values may vary once all the ore bags are tested.

A total of 116 ore bags are ready for shipping for an estimated 174 tonnes. The Company is waiting for confirmation of the initial test shipment to our customer once the terms and conditions have been finalized. The Company will continue to process the remaining 1,500 tonnes of lower grade ore for shipment over the next few weeks.

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"

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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