Merit Mining Receives Mine and Mill Operating Permits
Fri May 9, 3:17 PM
ca.news.finance.yahoo.com
VANCOUVER, May 9 /CNW/ - Merit Mining announces that it has received its Mine and Mill Operating Permits from the Province of British Columbia for its Lexington-Grenoble Mine and Greenwood Mill to operate at a production rate of 72,000 tonnes per annum (~200 tonnes per day) for the life of the mine. The Company is currently completing the mining and processing of a 10,000 tonne bulk sample from its Lexington-Grenoble Mine. The Permits will allow the Company to seamlessly continue operating at full production (200 tpd).
The Company's 100% owned Greenwood Gold Project, located between Greenwood and Grand Forks in south central British Columbia, is comprised of the Lexington-Grenoble Mine, the Golden Crown deposit and the Lone Star deposit plus the central 200 tpd gravity-flotation mill and tailings facility. The Company intends to develop each deposit to production starting with the Lexington-Grenoble Mine.
In the permitting process, the Ministry of Energy, Mines and Petroleum Resources coordinated a multi-agency review by regulators from various BC and Federal Ministries and consulted with local government and First Nations to ensure a comprehensive, timely, open, thorough and transparent review that also incorporated considerations of any issues and concerns identified in public consultation meetings in the local communities.
Fred Sveinson, President & CEO, states, "With the receipt of the Permits, Merit Mining transitions to a producing Company. On behalf of Merit management and the board of directors I would like to extend our appreciation to all the people who have been involved in developing this project to production including the communities of Greenwood, Grand Forks, the Osoyoos Indian Band, the provincial government employees, all of our employees, consultants and contractors, Wega Mining ASA, and all of our shareholders."
Merit Mining Corp.
Signed "Fred Sveinson"
Fred Sveinson, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
Contacts
Fred Sveinson at (604) 694-2344
For Investor Relations Information Contact: MarketSmart Communications
(604) 261-4466
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