Century Mining Corporation

Published : April 28th, 2010

Lamaque Mill Facility Fully Operational & Provides Further Progress Update for Lamaque Gol

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Wednesday, April 28, 2010

Press Release


Century's Lamaque Mill Facility Fully Operational & Provides Further Progress Update for Lamaque Gold Project


Century Mining Corporation ("Century" or the "Company") (TSX-V: CMM) is pleased to announce that the mill facility at its 100% owned Lamaque gold project located in Val-d'Or, Qu�bec, Canada is fully operational and is currently processing 900 to 1,100 tonnes per day of ore from current production and existing stockpiles. The Company is fully financed and on budget for the ramping up of the Company's Lamaque gold project, and is preparing for its first gold pour within the next week, nearly one month ahead of schedule.

"Century is about to take a new step forward with imminent gold production at the Lamaque gold mine. We are making ready on all fronts for this exciting point in the re-opening of our second gold mine, on budget and ahead of schedule. Our metallurgical team is preparing the facility for the first gold pour and I look forward to seeing the yellow metal 'Pour in Val-d'Or'. Century Mining is fully cashed up and looking to build the next mid-tier gold producer. The executive team is extremely pleased with results to date at Lamaque, and we can now focus on reaching further milestones as we progress through 2010. On the exploration and geology front, the Company controls significant property positions in Canada, Peru and the United States that have been barely explored, and provide additional excellent discovery upside for the Company as we look to appoint a new VP Geology in the near future," commented Margaret M. Kent, President & CEO of Century Mining Corporation.

Lamaque Gold Mine Update

The Company continues to have excellent progress at the Lamaque mine site and expects to pour gold within a week. The Company currently has a workforce of 180 on site, including staff, union employees and general contractors. This workforce is focused on mine expansion, mill facility upgrades, site reclamation and monitoring and general site maintenance.

The development crew underground continues to mine in three separate stoping complexes. Ore that had been brought to the surface and stockpiled is being processed, now that the 3,000 tonne per day capacity mill is fully operational. The low profile underground mining equipment to be used to increase efficiencies and production in the Lamaque #2 zone is expected to arrive at the minesite within days and on schedule. The Company continues with its final mine planning for the Bedard Dyke and expects to collar the portal in the very near future. The Bedard Dyke is the second zone in the mine plan to be developed through long-hole open-stoping, which will subsequently increase the daily tonnage. All underground access portals are collared via the historical Sigma pit, which is located only a few hundred meters from the 3,000+ tonne per day milling facility.

The Company is also now preparing to commence a 150,000 foot (45,000+ meter) exploration and definition drill program in May 2010 at Lamaque, and is expected to continue over a three-year period. Upon commencement of gold production at the Lamaque gold mine, senior management will focus its energy on expanding production at Lamaque. At its San Juan gold mine, the Company will be ramping up exploration efforts on specific targets to evaluate the large property position.

Other

A group of senior management employees and former officers of the Company recently exercised approximately 600,000 options that were held since being granted five years ago on April 18, 2005 at $0.40 per unit.
The options were exercised and either sold in a private transaction to minimize impact in the market, or continue to be held. Additional information on insider transactions can we viewed at www.sedi.ca.

About Century Mining Corporation

Century Mining Corporation is a Canadian junior gold producer and holds strategic land positions in Canada, United States and Peru. The Company's strategy is to grow to an intermediate gold producer through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.

On behalf of Century Mining Corporation,

"Margaret M. Kent"

President & CEO

For further investor information, please contact:

Peter A. Ball, Director of Investor Relations
E-mail: pball@centurymining.com
Phone: (360) 332-4653
Toll Free: (877) 284-6535
Website: pball@centurymining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Concerning Forward-Looking Information

This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.

While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

 

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Century Mining Corporation

PRODUCER
CODE : CMM.V
CUSIP : 15662P
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Century Mining is a gold producing company based in United states of america.

Century Mining holds various exploration projects in Canada.

Its main assets in production are LAMAQUE and SIGMA-LAMAQUE in Canada and SAN JUAN in Peru and its main exploration properties are BOURLAMAQUE, JUNEAU, LOUVICOURT, TREADWELL, NORTH BELT LEASES, YAKIMA, EAGLE RIVER, SWEETHEART, PATTON, PETERSON, DREAM and BESSIE in Canada and COLINA DORADA in Peru.

Century Mining is listed in Canada and in United States of America. Its market capitalisation is CA$ 26.2 millions as of today (US$ 20.8 millions, € 16.9 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.89, and its lowest recent point on November 28, 2008 at CA$ 0.01.

Century Mining has 37 960 000 shares outstanding.

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Annual reports of Century Mining Corporation
2007 Annual report
Financings of Century Mining Corporation
9/6/2013Castle Mountain Announces Closing of Private Placement
8/16/2013Castle Mountain Announces Private Placement
6/13/2011Closes Flow-Through Financing and Receives Working Capital L...
12/1/2010Closes $2.5 Million Flow-Through Private Placement
9/18/2008ANNOUNCES UP TO $3.7 MILLION OF FINANCINGS
6/6/2008ANNOUNCES UP TO C$6 MILLION IN FINANCINGS
5/20/2008 CLOSES FLOW-THROUGH AND UNIT FINANCINGS
3/28/2008ANNOUNCES UP TO C$4.5 MILLION IN FLOW-THROUGH AND UNIT FINAN...
1/11/2008CLOSES FLOW-THROUGH SHARE FINANCINGS
Option Grants of Century Mining Corporation
5/16/2011Engages Terre Partners as Investor Relations Consultants
Nominations of Century Mining Corporation
6/2/2010Appoints VP Geology
1/12/2010Appoints New Members to Board of Directors January 12, 2010
2/20/2008APPOINTS NEW CHIEF FINANCIAL OFFICER
11/7/2007APPOINTS NEW GENERAL MANAGER AT LAMAQUE COMPLEX
Financials of Century Mining Corporation
6/25/2008REPORTS 2007 FULL YEAR FINANCIAL RESULTS
12/1/2007Third quarter results confirm decision to accelerate shift i...
5/31/2007Reports First Quarter Net Income of $2.0 Million and Operati...
4/16/2007Achieves Fourth Quarter Net Income of C$2.6 Million and Reco...
Project news of Century Mining Corporation
5/2/2011(Lamaque)Lamaque Mine Receives Certificate of Authorization to Expand...
3/8/2011(Lamaque)Provides Operational and Financial Update for Lamaque Mine
2/3/2011(San Juan)Reports on 2010 Gold Production and Guidance for 2011 Produc...
2/3/2011(Lamaque)Reports on 2010 Gold Production and Guidance for 2011 Produc...
7/6/2010(Lamaque)Provides Operational Progress Update
4/28/2010(Lamaque)Lamaque Mill Facility Fully Operational & Provides Further P...
4/13/2010(Lamaque)Employees Ratify Terms of Collective Agreement at Lamaque Go...
2/2/2010(San Juan)Workforce Takes Illegal Strike Action
7/3/2008(Sigma-lamaque)ANNOUNCES TEMPORARY CURTAILMENT OF LAMAQUE UNDERGROUND PRODU...
2/27/2008(Sigma-lamaque)FILES FULL LAMAQUE TECHNICAL REPORT
1/14/2008Announces Updated NI 43-101 Reserves and Technical Report
11/6/2007(Bourlamaque)Converts Sigma-Lamaque to Full Underground Operation
2/21/2006forecasts production of 90,000 ounces of gold at a cash cost...
Corporate news of Century Mining Corporation
6/29/2015Castle Mountain Announces Name Change to NewCastle Gold Ltd....
4/2/2015Castle Mountain Announces Director Resignation from the Boar...
3/11/2015Castle Mountain Announces Positive Initial Results from Meta...
12/11/2014Castle Mountain Mining Provides Corporate Update
11/4/2014OTC Markets Group Welcomes Castle Mountain Mining to OTCQX®
11/3/2014Castle Mountain Mining to Trade on OTCQX
9/8/2014Castle Mountain Mining Board Appoints Mark Wayne as Chairman
8/20/2014Castle Mountain Mining Reports 7.46 g/t Gold Over 102.1 Metr...
8/7/2014Castle Mountain Announces Grant of Stock Options
7/31/2014Castle Mountain Mining Selects M3 Engineering as Lead on Fea...
7/7/2014Castle Mountain Mining Provides Corporate Update
6/5/2014Castle Mountain Mining Files Preliminary Economic Assessment...
4/24/2014Castle Mountain Mining's Preliminary Economic Assessment Del...
7/30/2013CMM Granted Five Year Extension to Mining Permit at Castle M...
7/16/2013Castle Mountain Reports 74 m of 1.44 g/t Au From Final Resul...
6/20/2013Initial Results from the Phase 1 Drill Program at Castle Mou...
7/12/2011(San Juan)Estimates Second Quarter Production at Lamaque and San Juan
6/20/2011White Tiger Gold and Century Mining Announce Further Update ...
6/7/2011(Lamaque)Provides Gold Production Update on the Lamaque Mine
5/26/2011White Tiger Gold and Century Mining Announce Update to Propo...
4/26/2011White Tiger Gold Ltd. and Century Mining Corporation Announc...
4/18/2011Grants Stock Options
4/11/2011Reports Year-End 2010 Results
4/6/2011(San Juan)Estimates First Quarter Production and Discusses Peruvian Or...
3/22/2011Announces Receipt of Deutsche Bank Consent to the Proposed B...
3/14/2011White Tiger Gold Ltd. and Century Mining Corporation Announc...
7/13/2010Union Securities Initiates Analyst Coverage of Century Minin...
6/15/2010Annual Meeting Results
5/22/2010Trading To Be Reinstated On May 25, 2010
5/15/20102009 Year End Financial Statements
1/6/2009REPORTS SIGNIFICANT PRIVATE PURCHASE OF CENTURY SHARES BY IN...
3/21/2008 PROVIDES UPDATE ON REGULATORY ISSUES
2/21/2008Receives Updated Lamaque Underground Permit
2/4/2008ANNOUNCES CHANGES TO BOARD OF DIRECTORS
1/17/2008RESPONDS TO SULLIDEN PRESS RELEASE
11/28/2007ANNOUNCES TAKEOVER BID FOR SULLIDEN EXPLORATION
10/31/2007EXTENDS MATURITY OF ITS OUTSTANDING LONG TERM DEBT
10/22/2007POSTS COURT DOCUMENTS THAT SUPPORT ALGAMARCA’S LEGAL POSITIO...
10/4/2007ANNOUNCES TAKEOVER BID FOR SULLIDEN EXPLORATION INC.
8/15/2007PERUVIAN COURT RULES IN ALGAMARCA’S FAVOR KEY ADVANCE FOR CE...
8/7/2007)Agrees to buy advanced exploration property in Peru
8/2/2007WELCOMES NEW CHIEF FINANCIAL OFFICER
7/10/2007Continues to create unnecessary delays in the legal proceedi...
6/28/2007Completes Acquisition of Third Mine
6/6/2007Provides an update on the Poderosa litigation in Peru
5/31/2007Algamarca Refutes Sulliden Press Release And Accurately Stat...
5/16/2007Breaking News Alert from Century Mining
5/15/2007Breaking News Alert from Century Mining
4/20/2007Breaking News Alert from Century Mining
5/19/2006reports 1st quarter operating profit of $1,9 million at Sigm...
3/13/2006debenture holders convert oustanding debentures into common ...
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