Copper Mountain produces first concentrate and commences trucking to port
VANCOUVER, July 12, 2011 /CNW/ --
Web Site: www.CuMtn.com
TSX: CUM
VANCOUVER, July 12, 2011 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the 'Company' or 'Copper Mountain') announces that the first filtered copper concentrate was produced and
deposited in the mine concentrate shed on June 30. Commissioning of the
mill has progressed throughout the past month demonstrating that the
robust mechanical equipment is operating well.
Mill throughput is at about 70 percent of the designed capacity due to
the limits in moving ore through the SAG mill. The grates supplied with
the mill are limiting the tonnage throughput due to undersizing of the
grate openings. New grates with much larger openings are on order for
mid August delivery and installation to eliminate this tonnage
restriction. Presently the processing plant is operating with one of
the two ball mills and minor use of the pebble crusher which indicates
the plant will easily treat the designed 35,000 tonnes per day target
once the new grates are installed in mid August. Mill feed grade is
being intentionally kept low with higher grade ore being stockpiled for
treatment after the tune up phase is completed.
The new 50-tonne super B train truck units have commenced delivery of
concentrate to the port. Port facilities have been completed to handle
the truck discharging and storage which included the construction of a
new truck tipper sufficient in size to handle the new 50-tonne super B
train truck units.
About Copper Mountain Mining Corporation:
Copper Mountain is a Canadian resource company managed by an experienced
team of professionals with a solid track record of exploration and
development success. The Company's shares trade on the Toronto Stock
Exchange under the symbol 'CUM'. Copper Mountain owns 75% and
Mitsubishi Materials Corporation owns 25% of the Copper Mountain Mine.
The 18,000 acre mine site is located 20 km south of the town of
Princeton in southern British Columbia. The Copper Mountain Mine has a
current resource of approximately 5 billion pounds of copper and
recently commenced production. Additional information is available on
the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
'Jim O'Rourke'
Jim O'Rourke
Chief Executive Officer
Note: This release contains forward-looking statements that involve
risks and uncertainties. These statements may differ materially from
actual future events or results. Readers are referred to the
documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk
factors that could cause actual results to differ from those contained
in the forward-looking statements. The Company undertakes no
obligation to review or confirm analysts' expectations or estimates or
to release publicly any revisions to any forward-looking statement.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/12/c4780.html
Galina Meleger, Corporate Communications 604 682 2992 ext. 224
Email: Galina@CuMtn.com
or Rod Shier, Chief Financial Officer 604-682-2992 ext.222
Email: Rod@CuMtn.com
Website: www.CuMtn.com