Mercator Minerals Files Mineral Resource & Mineral Reserve Technical Report for Mineral Park Mine
Published : August 12, 2013
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Keywords :   Canada | Copper | G Mexico | Market | Mexico | Molybdenum | Report | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 12, 2013) - Mercator Minerals Ltd. (News - Market indicators) ("Mercator" or "Company") announces today that it has filed a National Instrument 43-101 ("NI 43-101") compliant technical report ("Technical Report") in connection with the disclosure of updated mineral resource and mineral reserve estimates for the Mineral Park Mine ("Mineral Park") under the Company's issuer profile on SEDAR (www.sedar.com). There are no material differences between the mineral reserve and mineral resource estimates contained in the Technical Report filed today as compared to those in Mercator's news release dated June 26, 2013.

For readers to fully understand the information in this news release, they should read the Technical Report in its entirety, including all qualifications, assumptions and exclusions that relate to the information set out in this news release which qualifies the technical information. The Technical Report is intended to be read as a whole, and summaries or sections should not be read or relied upon out of context. The technical information in that report is subject to the assumptions and qualifications contained in the Technical Report.

The mineral reserve and mineral resource estimate for Mineral Park was calculated under the supervision of Gary Simmerman, BSc. Mining Eng, FAusIMM, the former Vice-President, Mineral Park and currently a consultant to the Company, a Qualified Person as defined by NI 43-101. Mr. Simmerman has reviewed and approved the technical information in this news release. Garth Kirkham, P. Geo. (Association of Engineers and Geoscientists of British Columbia), an independent geoscientist and an Outside Expert, assisted Mr. Simmerman in the preparation of the Technical Report.

About Mercator Minerals Ltd.

Mercator Minerals Ltd., a TSX listed base metals mining company, operates the wholly-owned copper/molybdenum/silver Mineral Park Mine in Arizona, USA. Mercator also wholly-owns two development projects in Sonora, Mexico: the copper heap leach El Pilar project and the molybdenum/copper El Creston property.

For further information please visit www.mercatorminerals.com.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

D. Bruce McLeod, P.Eng., President and CEO

Note to US Investors

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended. These definitions differ from the definitions in SEC Industry Guide 7 under the United States Securities Act of 1933, as amended (the "Securities Act").

Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC Industry Guide 7 standards as in place tonnage and grade without reference to unit measures."Indicated mineral resource" and "inferred mineral resource" have a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. Accordingly, information contained in this News Release contain descriptions of the Company's mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations there under.



Mercator Minerals Ltd.
D. Bruce McLeod, P.Eng.
President & CEO
778.330.1290
bmcleod@mercatorminerals.com
or
Mercator Minerals Ltd.
David Jan, CA
Head of Investor Relations & Communications
778.330.1295
djan@mercatorminerals.com
www.mercatorminerals.com
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

Mercator Minerals Ltd

PRODUCER
CODE : ML.TO
ISIN : CA5875821079
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Mercator is a copper and silver producing company based in United states of america.

Mercator produces copper, silver, molybdenum in USA, develops gold in Australia, and holds various exploration projects in Chile and in Mexico.

Its main asset in production is MINERAL PARK MINE in USA, its main asset in development is BLUEBIRD in Australia and its main exploration properties are BERNARDO, MINERA SERRANA and THREE R PROPERTY in Mexico.

Mercator is listed in Canada and in United States of America. Its market capitalisation is CA$ 9.5 millions as of today (US$ 8.4 millions, € 6.7 millions).

Its stock quote reached its highest recent level on November 02, 2007 at CA$ 9.97, and its lowest recent point on August 22, 2014 at CA$ 0.02.

Mercator has 315 680 000 shares outstanding.

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Financings of Mercator Minerals Ltd
10/23/2012Amends Mineral Park Credit Facility and Closes Bought Deal E...
10/1/2012Announces Mineral Park Credit Facility Restructuring with C$...
Option Grants of Mercator Minerals Ltd
6/12/2012Provides Update to Annual General and Special Meeting; Amend...
Nominations of Mercator Minerals Ltd
8/22/2013Announces Appointment of Roman Friedrich to the Board
4/5/2012Announces the Appointment of Daniel Tellechea to the Board o...
4/11/2007Reports Construction Update and Appointment of VP Engineeri...
Financials of Mercator Minerals Ltd
11/15/2013Reports Third Quarter 2013 Results
5/10/2013Reports First Quarter 2013 Results
4/22/2013to Hold First Quarter 2013 Financial Results Conference Cal...
3/20/2013Reports Fourth Quarter and Year End 2012 Results
2/25/2013to Hold Fourth Quarter 2012 Financial Results Conference Cal...
7/23/2012to Hold Second Quarter 2012 Financial Results Conference Cal...
5/11/2012Reports First Quarter 2012 Results
5/3/2012to Hold First Quarter 2012 Financial Results Conference Call...
4/2/2012Reports Fourth Quarter and Year End 2011 Results
8/11/2011Q2 2011 Financial Results Conference Call/Webcast on August ...
4/3/20112010 Financial Statements and Report
5/17/2010Reports First Quarter Results and Provides Operations Update
8/17/2009Second Quarter Results and Provides Operations Update
7/8/2009(Mineral Park Mine)Second Quarter Operating Results from the Mineral Park Mine
5/15/2009Reports First Quarter Results and Provides Operations Update
11/14/2008Mercator Reports Third Quarter Results
8/15/2008Reports Second Quarter Results
5/15/2008Reports First Quarter Results and Provides Construction Upda...
10/4/2007Records record Third Quarter Copper Production
8/15/2007Reports Record Second Quarter Results
7/17/2007Reports Record Copper Production for the Second Quarter
5/14/2007Mercator Minerals Ltd. (the "Company") - First Quarter Finan...
5/14/2007Reports Record First Quarter Cash Flow
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5/4/2012s 2012 Production Guidance
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4/4/2011(Mineral Park Mine)td. (the "Company") - News Release
3/8/2011(Mineral Park Mine)2011 Production Guidance
2/9/2010(Mineral Park Mine)Starts commissioning of phase 1,5 at Mineral Park
3/9/2009(Mineral Park Mine)Ships First Molybdenum Concentrates From The Mineral Park Mi...
1/5/2009(Mineral Park Mine) Ships First Copper Concentrates at Its Mineral Park Mine
12/2/2008(Mineral Park Mine)Commences Producing Copper-Moly Concentrates at Its Mineral ...
11/5/2008(Mineral Park Mine)Commences Crushing Ore at the Mineral Park Mill
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Corporate news of Mercator Minerals Ltd
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12/23/2013Confirms Closing on Bridge Loan
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11/16/2013Announces Extension of Waiver for the Mineral Park Credit Fa...
10/31/2013Announces Amendment to the Mineral Park Credit Facility
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8/13/2013(Mineral Park Mine)Files Mineral Resource & Mineral Reserve Technical Report fo...
7/23/2013Announces Board Change
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7/2/2013Announces Board Change
6/26/2013(Mineral Park Mine)Announces Mineral Resource & Mineral Reserve Update for Mine...
6/25/2013Announces 2013 Annual General Meeting Voting Results
6/1/2013Announces Senior Management Changes
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2/20/2013to Present at Upcoming Investor Conferences
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10/19/2012Files Updated El Pilar Feasibility Study Technical Report
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9/28/2012Arranging to Replace El Pilar Pre-Construction Credit Facili...
9/4/2012Announces Updated El Pilar Feasibility Study Results
8/31/2012Announces Amendment to the Mineral Park Credit Facility
7/9/2012Reports Second Quarter 2012 Production Results
6/25/2012Announces Results of Annual General Meeting
6/4/20122012 Annual General & Special Meeting
4/10/2012Reports First Quarter 2012 Production Results
2/28/2012to Present at BMO Capital Markets 2012 Global Metals and Min...
1/10/2012' Form 40-F Registration Statement Effective
12/5/2011Closes $20 Million Financing
10/4/2011Reports 2011 Third Quarter Production Results
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9/1/2011News Release
9/1/2011Annual and Special General Meeting Update
8/15/2011News Release
8/11/2011Mercator Minerals news release
7/6/2011(the "Company") - News Release
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6/14/2011Creston Shareholders Overwhelmingly Approve Business Combina...
2/9/2011Mercator Board Approves Shareholder Rights Plan
5/17/2010March 31, 2010 Interim Quarterly Report
5/11/2010Reports Improving Recoveries and Costs at Mineral Park
4/26/2010Closes Previously Announced US$130 million of Senior Secured...
3/31/2010Secures Commitments For US$130 million of Senior Secured Cre...
1/26/2010Provides update on El Pilar Copper Project
10/2/2009Friendly business combination
8/15/2009Interim Financial Statements and MD&A
7/13/2009Obtains Consent of Noteholders for Early Repayment
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6/13/2008Closes US$42 million Silver Sale Transaction with Silver Whe...
5/27/2008approve Silver Sale Transaction with Silver Wheaton
5/15/2008Interim Financial Statements and MD&A
4/1/2008Results for the Year ended December 31, 2007
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3/17/2008Announces US$42 million Silver Sale Transaction with Silver ...
1/9/2008Allows Offer for Tyler Resources to Expire
12/18/2007EXTENDS OFFER TO ALLOW TIME FOR TYLER SHAREHOLDERS TO TENDER
11/27/2007Responds to Tyler Circular
11/13/2007Files normal bid for Tyler resources
11/6/2007Corporate and construction updates
10/22/2007 ANNOUNCES INTENTION TO OFFER TO ACQUIRE TYLER RESOURCES
9/11/2007Signs Framework Agreement for Moly Concentrate Sales
6/18/2007Provides Construction Update
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