Adanac Molybdenum Corporation

Published : September 28th, 2007

MAJOR MINING EQUIPMENT SELECTED AND ORDERED FOR RUBY CREEK PROJECT

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MAJOR MINING EQUIPMENT SELECTED AND ORDERED
FOR RUBY CREEK PROJECT

 

September 28, 2007 -- Vancouver, British Columbia -- Adanac Molybdenum Corporation (TSX: AUA) (PINK SHEETS: AUAYF) (FRANKFURT: A9N) is pleased to announce letters of award have been issued to four Canadian companies for the supply of major items of mining equipment for the Ruby Creek Molybdenum Project, situated near Atlin, B.C.

 

The suppliers and equipment to be provided are as follows:

 

         Transwest Mining Systems will supply a PC4000 hydraulic shovel with spare bucket and spare truck body and six HD1500 haul trucks (200 tonne capacity);

 

         Finning (Canada) Ltd. will provide two Caterpillar 16M motor graders;

 

         Coneco Canada Ltd. has been selected to supply three wheel loaders (WA500, WA600 and WA900L), one excavator (PC300 HD) and two bulldozers (D375); and

 

         Atlas Copco Canada Ltd. will provide one diesel-powered rotary drill (PV271), together with drill string and rotary bits.

 

The value of the machinery is almost $23 million, bringing the total value of equipment purchased to $93 million. The items are scheduled to be onsite by the summer of 2008.

 

�The equipment being ordered now represents another major step toward the commencement of construction of our open-pit molybdenum mine,� said Michael MacLeod, President & Chief Executive Officer of Adanac.

 

The action follows the awarding of an Environmental Assessment Certificate for the project from the British Columbia government on September 10, 2007. The clearance was given following extensive consultations with the Taku River Tlingit First Nation and the community of Atlin.

 

Federal agencies were fully involved in the environmental review process, and approval through the Department of Fisheries and Oceans is expected before the end of October.

 

Specific permit applications to upgrade the existing access road are under review by provincial regulatory agencies, with field work to begin immediately upon receipt of approvals.

 

Road work is scheduled to start in early October and site preparation will follow shortly afterward. Construction will continue through the winter of 2007-2008. Startup and commissioning of the 20,000 tonne/day concentrator is scheduled for the first quarter of 2009.

 

On Behalf of Management

 

ADANAC MOLYBDENUM CORPORATION

 

 

Michael MacLeod
President & Chief Executive Officer

 

Information Contact

 

Michael MacLeod

President & CEO

Head Office: Suite 200 � 2055 152 Street, Surrey, B.C. V4A 4N7

Corporate Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6

Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@adanacmoly.com

 

 

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

www.adanacmoly.com

 



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Adanac Molybdenum Corporation

DEVELOPMENT STAGE
CODE : AUA.TO
ISIN : CA00652E5065
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Adanac Molybdenum is based in Canada.

Adanac Molybdenum develops copper and molybdenum in Canada, and holds various exploration projects in Canada.

Its main asset in development is RUBY CREEK in Canada and its main exploration properties are B&C SPRINGS/ NEVADA BC, CUCOMUNGO and PINE NUT in Canada.

Adanac Molybdenum is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.3 millions as of today (US$ 5.2 millions, € 4.0 millions).

Its stock quote reached its lowest recent point on April 09, 2009 at CA$ 0.02, and its highest recent level on March 04, 2011 at CA$ 9.00.

Adanac Molybdenum has 25 462 000 shares outstanding.

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In the News and Medias of Adanac Molybdenum Corporation
11/7/2007 640 million gamble on molybdenum mine
Financings of Adanac Molybdenum Corporation
12/10/2007Announces $15 million Equity Offering
Option Grants of Adanac Molybdenum Corporation
3/17/2008 Incentive Stock Options
10/25/2007INCENTIVE STOCK OPTIONS
Nominations of Adanac Molybdenum Corporation
9/22/2009 Announces Resignation of President and CEO and Appointment ...
8/5/2008Senior Management Core Team Appointment
Financials of Adanac Molybdenum Corporation
2/28/2011Announces Emergence from CCAA
Project news of Adanac Molybdenum Corporation
5/29/2009(Ruby Creek)Releases Updated 2009 NI 43-101 Mineral Resource Report for ...
1/20/2009(Ruby Creek)Ruby Creek Project - Exploration Update
9/30/2008(Ruby Creek)Comprehensive Study Switched to Screening Assessment
10/1/2008(Ruby Creek)Ruby Creek Project - Exploration Update
7/10/2008(Ruby Creek)Drilling Encounters More Mineralization Adjacent to the Perm...
6/24/2008(Ruby Creek)Update and Ruby Creek Project
1/28/2008(Ruby Creek) Focusing on Critical Path
12/24/2007(Ruby Creek)Ruby Creek Receives Approval to Begin Onsite Construction
12/6/2007(Ruby Creek) CONFIRMS POSITIVE ECONOMICS ON ITS RUBY CREEK PROJECT
11/7/2007(Ruby Creek) Construction Begins at Ruby Creek
9/28/2007(Ruby Creek)MAJOR MINING EQUIPMENT SELECTED AND ORDERED FOR RUBY CREEK P...
9/12/2007(Ruby Creek) RECEIVES ENVIRONMENTAL CERTIFICATE FOR RUBY CREEK PROJECT
Corporate news of Adanac Molybdenum Corporation
1/25/2011Outlines New Common Share Distribution
8/28/2009Obtains Extension of Stay Period under CCAA to November 30, ...
7/6/2009Obtains Extension of Stay Period under CCAA
1/20/2009Completes Initial Restructuring
1/19/2009Gains Extension to Creditor Protection
12/20/2008to Evaluate Strategice Alternatives Under CCAA Protection
11/14/2008Presentation at Rodman and Renshaw Conference in New York
11/7/2008Interview with Mining Industry TV Airing Times
9/30/2008Implements Shareholder Rights Plan
9/19/2008Website Update and Reconstruction
8/8/2008Fish Habitat Reserve Facilitates Ruby Creek Tailings Permit
7/14/2008Management Reorganization
6/20/2008Receives BC Mines Act Permit
6/4/2008Corporate Update
5/28/2008Closes Bridge Financing
5/2/2008Corporate Update
4/16/2008Announces $80 Million Bridge Financing Offer
3/27/2008Announces Organizational Changes
3/19/2008Ruby Creek Project Update
1/29/2008New Interview Posted on Smartstox.com
1/17/2008MGI Securities Inc - INITIATING COVERAGE - Adanac Molybdenum...
12/31/2007Announces Completion of Previously Announced Financing
12/21/2007Announces Final Terms To Previously Announced Financing
10/17/2007Engages Investment Bank For Ruby Creek Debt Financing
9/11/2007Receives Environmental Certificate
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