Dear karolina,
|
July 21, 2008
|
July 21, 2008 - Vancouver, British Columbia - Redcorp Ventures Ltd (TSX:RDV) ("Redcorp") and its
wholly-owned subsidiary, Redfern Resources Ltd. ("Redfern") are
pleased to announce the appointment of Mr. Peter Nelega to the position of
Mill Superintendent for the developing Tulsequah Chief Mine operations,
owned and operated by Redfern. Mr. Nelega will assume his duties commencing
September 15, 2008.
Once in operation, Peter will be responsible for metallurgy, maintenance,
cost tracking, and the continuing optimization of the plant. The
Tulsequah milling operations are designed to produce three revenue
concentrates (zinc, copper and lead) as well as a gravity gold concentrate
for onsite production of dor� bars. Forecast average annual metal
production from the 2,000 tonne/day mill is 40,000 tonnes of zinc, 9,000
tonnes of copper, 3,800 tonnes of lead, 50,000 ounces of gold and 1.7
million ounces of silver over an initial mine life of 8 years. During
development, he will provide input and guidance to the construction
management, engineering, and procurement teams with regard to mill design
and construction.
Peter brings with him more than 25 years of progressively responsible
experience in mineral processing. Most recently, Peter managed the
2,400 tonne per day concentrator at Minto Explorations Ltd. and was also
responsible for site services and concentrate shipments as well as the
review of expansion proposals. Prior to this, Peter was Mill
Superintendent at the Eskay Creek Mine and took on responsibility for
environmental management for the last year of that mine's operation. He was
at Eskay during the construction of the mine concentrator at that operation
in 1997.
Redcorp is a Vancouver based mineral exploration and development company
with active projects in British Columbia, Canada and Portugal. Further
information on Redcorp and the Tulsequah Project can be obtained on our
website at www.redcorp-ventures.com and at Redfern's website at www.redfern.bc.ca or by calling toll-free to Troy Winsor, Manager of Investor
Relations or Salina Landstad, Manager of Public Relations at the contact
numbers listed below.
ON BEHALF OF THE BOARD OF DIRECTORS OF REDCORP
VENTURES LTD.
"Terence Chandler"
Terence Chandler
President and CEO
Contacts: Troy Winsor
Manager, Investor Relations
604-466-8934 / 1-888-225-9662
Salina Landstad
Manager, Public Relations & Corporate Communications
604-639-0135 / 1-888-669-4775 ext. 103
Certain of the
statements made and information contained herein is "forward-looking
information" within the meaning of the Securities Act (Ontario) and the Securities Act (Alberta.) Forward-looking
information includes disclosure regarding possible or anticipated events,
conditions or results of operations that is based on assumptions about
future economic conditions and courses of action and includes future
oriented financial information with respect to prospective results of
operations or financial position that is presented either as a forecast or
a projection. Forward-looking information is often, but not always,
identified by the use of words such as "seek",
"anticipate", "believe", "plan",
"estimate", "expect" and "intend"; statements
that an event or result is "due" on or "may",
"will", "should", "could", or
"might" occur or be achieved; and, other similar
expressions.
More specifically, forward-looking
information contained herein includes, without limitation, statements
concerning our plans at our Tulsequah Project (inclusive of the Big Bull
Project), the net present value of the Tulsequah Project, the timing and
amount of estimated future production and mine life, expected future prices
of gold, silver, copper, lead and zinc, mineral reserve and mineral
resource estimates, estimated capital and operating costs of the project,
estimated capital pay-back period, estimated asset retirement obligations,
timing of development and permitting time lines; all of which involve known
and unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or industry results, to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking information.
Forward-looking information
contained herein is based on material factors and assumptions and is
subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from a conclusion, forecast or
projection in the forward-looking information. These include, without
limitation, material factors and assumptions relating to, and risks and
uncertainties associated with, the availability of financing for activities
when required and on acceptable terms, the accuracy of the interpretation
of drill results and the estimation of mineral resources and reserves, the
geology, grade and continuity of mineral deposits, the consistency of
future exploration, development or mining results with our expectations,
metal price fluctuations, the achievement and maintenance of planned
production rates, the accuracy of component costs of capital and operating
cost estimates, current and future environmental and regulatory
requirements, favourable governmental relations, the availability of
permits and the timeliness of the permitting process, the availability of
shipping services, the ultimate recovery amount, if any, of our investment
in third-party asset-backed commercial paper (ABCP) that is currently
undergoing liquidity restructuring by the Committee representing the
Montreal Accord, the availability of specialized vehicles and similar
equipment, costs of remediation and mitigation, maintenance of title to our
mineral properties, industrial accidents, equipment breakdowns,
contractor's costs, remote site transportation costs, materials costs for
remediation, labour disputes, the potential for delays in exploration or
development activities, timely completion of future NI 43-101 compliant
reports, timely completion of future feasibility studies, the inherent
uncertainty of production and cost estimates and the potential for
unexpected costs and expenses, commodity price fluctuations, currency
fluctuations, continuing global demand for base metals, expectations and
beliefs of management and other risks and uncertainties, including those
described under Risk Factors Relating to Our Business in our Annual Information
Form, filed on SEDAR on March 31, 2008, and in each subsequent Management's
Discussion and Analysis. Although we have attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate. Should one or
more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from any
conclusions, forecasts or projections described in the forward-looking
information. Accordingly, readers are advised not to place undue reliance
on forward-looking information. Except as required under applicable
securities legislation, we undertake no obligation to publicly update or
revise forward-looking information, whether as a result of new information,
future events or otherwise.
|