Virgin Metals Inc.: Engages Golder Associates and SGS Lakefield
TORONTO, ONTARIO -- (Marketwire) -- 11/02/10 -- Virgin Metals Inc. (the 'Company' or 'Virgin') (TSX VENTURE: VGM) announced today that it has engaged the engineering firm of Golder Associates Ltd. to assist in the preparation of an updated resource study for the company's Los Verdes Pre-Feasibility study. In addition, the company has shipped samples to SGS Lakefield Research Ltd. for a new metallurgical program aimed at establishing an optimal process flowsheet for the project. Virgin expects to complete and release new resource estimates early in the first quarter of 2011 and to prepare an updated Pre-Feasibility study for release late in 2011.
'We are very pleased to be working with world class firms such as Golder Associates and SGS Lakefield Research' said Darren Koningen, Virgin's Vice President Technical Services. 'As we advance development plans for the Los Verdes deposit, we know that the quality of advisors and professionals assisting our efforts can greatly impact our success'.
Golder Associates Ltd. is a respected, employee-owned, global company providing consulting, design, and construction services in their specialist areas of earth, environment and the related areas of energy. From 160 offices worldwide, nearly 7,000 employees work with clients to manage their environmental and engineering activities in a technically sound, economically viable and socially responsible manner.
SGS Lakefield Research Ltd. (part of the SGS Minerals Services group) is a global leader in testing, consulting and on-site services for the mining and minerals sector. With metallurgical, analytical, mineralogical and environmental technical expertise, SGS is recognized as a world leader in the development and demonstration of bankable flowsheets and pilot plant programs.
About the Company
Virgin is a junior exploration and development company; its projects include two copper-molybdenum properties in Sonora, northern Mexico. One of these, Los Verdes, is currently the subject of a Pre-Feasibility study while the other, Cuatro Hermanos, is the focus of ongoing exploration efforts.
Contacts:
Virgin Metals Inc.
Chris Frostad
President and Chief Executive Officer
(416) 603-8368
www.virginmetals.com