CMC Metals Ltd. started to truck the 2011 bulk-sample ore from the site today. The goal for 2011 is to extract 2,500 tonnes of direct-ship ore. To date an estimated 589 tonnes (SG 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 3,000 grams per tonne based on a mean value of 12 random samples. The direct-shipment extraction will continue over the next six 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, PEng, 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.