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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (12222)5/28/2006 12:38:24 PM
From: E. Charters  Respond to of 78419
 
I just know what I read in the papers. What do you know?

BLAINE, WASHINGTON -- May 23, 2006) - Century Mining Corporation CMM, today announced that pursuant to taking control of the San Juan gold mine in Peru, the Company now has a team of two mining engineers, two metallurgists, two geologists and two human resource professionals at the mine. The team is developing detailed plans to return the mine and 700 tonnes per day mill to their rated capacity from current operating levels.

The Company is also establishing a team of exploration geologists in Peru to select targets for a major exploration program on several properties this year.

Highlights from Century Mining's Annual General Meeting

At the Company's annual general meeting in Toronto on Friday, Margaret Kent, Century Mining's President and CEO, presented details of the Company's plans to restore the San Juan Mine to former production levels and described the Company's exploration plans on its promising Peruvian exploration properties. The Company is also evaluating other possible Peruvian mining assets and exploration properties.

Kent also described the positive improvements made at the Sigma open pit mine during the last three quarters, as well as the Company's plans to commence production at the Lamaque underground mine this year. Additional production improvements from the Sigma pit are expected when four 100-tonne haul trucks are delivered in June and July. These new vehicles will substantially increase the availability and productivity of the mining fleet, allowing for greater removal of waste ahead of mining new ore faces.