info@meritminingcorp.com
Tel: 604-694-2344
Message: Commercial production started
NEWS RELEASE 08-20Merit Mining’s Greenwood Mill Reaches Commercial Production June 2, 2008 – Vancouver, British Columbia. Merit Mining Corp. (TSX-V: MEM) reports that the mining and processing of a 10,000 underground bulk sample from the Lexington-Grenoble Mine has been completed and commercial production at its Greenwood Mill near Greenwood, BC was reached on June 1, 2008. On May 8, 2008 the Company received its operating permits for the Lexington-Grenoble gold/copper Mine and Greenwood Mill to operate at a production rate of 72,000 tonnes per annum (~ 200 tonnes per day). As at May 21, 2008, 10,500 tonnes had been processed through the Greenwood Mill. Shipping of the first 300 tonnes of copper/gold flotation concentrate to an offshore smelter has commenced, pursuant to an offtake sales agreement with Glencore Ltd. The flotation concentrate averages 22% copper and 27 grams per tonne gold. In addition, 30.7 kilograms of gravity gold concentrate containing 17,040 grams (548 ounces of gold) has been shipped for refining. The Company will receive its first revenue from operations at its Greenwood Gold Project during this quarter. Merit Mining Corp.Signed “Fred Sveinson”Fred Sveinson, President & CEO For further information please contact:Fred Sveinson at (604) 694-2344
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