(via Thenewswire.ca)
Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased
to announce that it has finalized the contract for the sale of the
direct ship ore from the 2011 Silver Hart bulk sample. Currently the
shipment is at the port and will be shipped over the next few weeks
once a shipping line has been selected. The contract states that a
Letter of Credit must be posted that the Company can draw an 85
percent provisional payment based on the preliminary assay results.
SGS Canada Inc. sampled and weighted the bulk shipment for the
preliminary indicated assays. Results showed that the average silver
assay was 4,413.2 grams per tonne (128.8 ounces per ton) for the
measured 114.1 tonne shipment. Originally reported direct ship ore
weight was stated to be an estimated 170 tonnes. The difference is due
to moisture loss with the shipment being stored in a warehouse several
months and errors in the estimated bulk specific gravity. The
remainder of the 2011 bulk sample is waiting to be prepared for
costumer specifications. The Company will report the sale of the
remaining bulk sample once the specifications have been determined.
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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