CMC Metals Reports Grades on 10% of its Bulk Sample

StockWatch & CMC Metals Reports:

CMC Metals Ltd. has relased the assay average for the high-grade direct ship ore that is prepared and ready for shipping. Approximately 10 per cent 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 per cent lead, 24 per cent zinc, 0.79 per cent 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 its 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, 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.