CMC Metals Ltd. News Release
posted on
Mar 09, 2011 09:21PM
Edit this title from the Fast Facts Section
CMC Metals Ltd. News Release
Wednesday, March 09, 2011
Bishop Mill Permitting Update
Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce it has received confirmation from the Lahontan Water Board that the application submitted for installation of a Class A tailings pond design at the Bishop Mill facilities has been deemed complete. This will allow the Water Board to conduct the California Environmental Quality Act (CEQA) assessment and complete the approval review prior to forwarding recommendations for approval to the Lahontan Water Board. Based on feedback from the Lahontan Water Board assessor, the application should be ready for approval early June. There have been several delays due to information requests on hydrological characterization, installation of two additional monitoring wells and base water quality analysis. Once the approval has been completed, the Amended Plan of Operation submitted to the Bureau of Land Management can be reviewed for acceptance. During meetings with the BLM, it was stated that the Amended Plan of Operation
should be ready for acceptance within a month after the Water Boards approval. Construction of the Class A pond will start immediately once the Plan of Operation has been accepted. Construction, mill upgrades and commissioning will occur during the months of July and August. We anticipate that the Bishop Mill facilities will have all approvals and be operating at full capacity within 6 months. The Bishop Mill is designed to process a wide range of ore sources and will have a capacity rating to process 100 tons per day. The Company is evaluating a number of offers that would dictate the start-up ore to be processed and will be reported soon. Current proposals being evaluated are more than double the mill rated capacity.
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 begin_of_the_skype_highlighting 250-495-7123 end_of_the_skype_highlighting, 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.
You can also view this News Release on our website at:
http://www.cmcmetals.ca/s/NewsReleases.asp?ReportID=446583