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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (22764)	7/8/2007 12:35:46 PM
From: koan	Read Replies (1) of 78419

EPM has 550 workers trying to get that mill up and running. I imagine with copper smoking EPM would like to get to that ore as soon as possible: European Minerals Corp (C-EPM) - News Release European Minerals keeps working at Varvarinskoye 2007-06-13 10:00 ET - News Release Shares issued 280,080,853 EPM Close 2007-06-12 C$ 1.28 Mr. Tony Williams reports EUROPEAN MINERALS CORPORATION: VARVARINSKOYE UPDATE European Minerals Corp.'s Varvarinskoye gold/copper project is continuing to develop at a rapid pace and remains on course for commissioning in October, 2007. Highlights of recent construction progress include the following. Process plant highlights include: All four grinding mills have been lifted onto their bearings; Assembly of the primary crusher completed; Construction and installation of all major tanks (leach, CIP, detox and water) and flotation cells and thickeners; All major concrete work completed. Mining highlights include: Over 300,000 tonnes of ore already stockpiled; Open pit development and overburden stripping progressing as planned. On the general site, work is continuing on installation of the various electrical systems, conveyors and general site infrastructure. Bert Kennedy, European Minerals' president and chief executive officer, commented today: "Activity at Varvarinskoye is now very intense. We currently have around 350 employees working on the process plant construction and mine development and in addition our Kazakh subcontractors also have some 200 employees on site. With the onset of springlike weather we are now planning to work on a double-shift basis to take advantage of the extended daylight hours. Shipment of equipment and material from suppliers continues and we expect this to be complete by the end of August, 2007. "Despite the various delays arising in relation to certain equipment delivery and our well-documented replacement of the project contractor last year, progress at the project has been excellent. We worked through some very severe winter weather and we are on schedule to complete construction in October, 2007. Once again my thanks must go to all employees and contractors who are responsible for the achievements to date." The company regularly updates its website with photographs illustrating the progress at site. The company invites readers to visit the site to gain a visual impression of the project's progress. We seek Safe Harbor.

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