Bishop Mill Water License Approval 7/18/2011 6:25 AM - NW
(via Thenewswire.ca)
Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce the Water License for the Bishop mill facilities was issued on July 13, 2011, upon receipt of confirmation that the application to construct a new Class A tailing pond had been uncontested. Construction of the tailings pond and shipment of ore from one of the available sources will start once the Bureau of Land Management (BLM) has reviewed and accepted the amended Plan of Operations.
The Company is confident that the facilities will be fully commissioned and operational during the last quarter of the year. Don Wedman, P.Eng., CEO and President of the Company commented that "It truly is a remarkable accomplishment bringing the Bishop mill back into production. It is an example of the California State Departments, Water Board, Inyo County, and BLM all working towards the goal of developing a facility that is environmentally, socially, and financially viable. The Bishop mill facilities will be an important asset generating cash flow and profits for our shareholders." In anticipation of the facility being ready to process ore within the next three months, three ore sources will be metalurgically tested to characterize the ore and optimize the mineral recovery. The start up ore will be based on the most economic alternative. A news release will follow once the start up ore has been selected.
In compliance with NI 43-101, Don Wedman, P.Eng., President and Chief Executive Officer of the Company, is the Qualified Person who prepared or supervised the preparation of the technical information presented in this news release.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On behalf of the Board:
"Donald W. Wedman"
Donald W. Wedman, P.Eng.
CMC METALS LTD.
For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at MineralStocks Consulting. Telephone: 250-495-7123, or Email: gz@mineralstocks.com.
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