Update on Metallurgical Testwork on Continental Precious Minerals' Viken Licence
Published : October 23, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

TORONTO, ONTARIO--(Marketwire - Oct. 23, 2012) - Continental Precious Minerals Inc. (News - Market indicators) (the "Company" or "Continental") announces that preliminary results received from metallurgical tests on samples from the Company's MMS Viken licence in Sweden are providing valuable insights.

MMS Viken is a multi-mineral resource located near the town of Östersund in central Sweden that has been the prime focus of Continental's activities since 2005.

Metallurgical testwork was conducted by the Saskatchewan Research Council in Saskatoon, Canada. The testwork procedures were developed by Hatch Ltd., who also was involved in monitoring the testwork program. 

The test program was developed after a gap analysis of previous testwork identified multiple process flowsheet options. The recently completed testwork included both acid and alkaline leaching tests to recover uranium, and roasting tests to recover vanadium.

The testwork has produced the following results, all of which are undergoing further analysis to estimate their impact to the project:

  • Successfully achieved mild pre-concentration of ore feed containing pay metals. Pre-concentration will allow the rejection of unwanted minerals in an attempt to reduce the operating cost of the plant. 

  • Demonstrated potential for some rejection of sulphides to reduce reagent use in alkaline leaching, which corresponds to a reduction in the operating cost of this leach technology.

  • Identified potential for some rejection of calcite to reduce reagent use in acid leaching, which corresponds to a reduction in the operating cost of this leach technology.

Continental is also exploring bio-heap leaching as a potentially lower cost processing method. Column leaching tests are being conducted and testing will continue into the first quarter of 2013.

The next steps will be to develop preliminary process designs for each processing option identified. The designs will form the basis of comparative cost estimates as part of an updated scoping study to be completed by Hatch and others which will help Continental advance the project to the next stage of development.

About Continental Precious Minerals Inc.

Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements that are based on expectations, estimates and projections as of this date. Such forward-looking statements are identified by words such as "estimates", "intends", "plans", "expects", "believes", "may" and "will" and include, without limitation, the statements as to next steps and goals. There is no assurance that the Company will be able to achieve any of the goals referred to in this news release. Factors that could affect the outcome include, without limitation, the unpredictable nature of metallurgical work, and other factors that could affect operating costs not yet identified. There is no assurance that the Company will ever be successful in extracting metals from the Company's mineral exploration licences in Sweden on a commercial scale, or at all. The forward-looking statements contained in this news release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date.



Continental Precious Minerals Inc.
Ed Godin
President & CEO
(416) 805-3036
(905) 276-4862 (FAX)
godine@rogers.com
or
TMX / Equicom
Craig MacPhail
(416) 815-0700, ext. 290
cmacphail@equicomgroup.com
Data and Statistics for these countries : Canada | Sweden | All
Gold and Silver Prices for these countries : Canada | Sweden | All

Continental Precious Minerals Inc.

EXPLORATION STAGE
CODE : CZQ.TO
ISIN : CA2119061026
CUSIP : 211906 10 2
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Continental Precious Min. is a nickel and palladium exploration company based in Canada.

Continental Precious Min. holds various exploration projects in Canada, in Sweden and in USA.

Its main exploration properties are MMS VICKEN and ABBORRVIKEN in Sweden, CRATER OF DIAMONDS STATE PARK in USA and LAC ROCHER in Canada.

Continental Precious Min. is listed in Canada. Its market capitalisation is CA$ 4.3 millions as of today (US$ 3.4 millions, € 3.0 millions).

Its stock quote reached its lowest recent point on November 14, 2008 at CA$ 0.23, and its highest recent level on January 15, 2010 at CA$ 8.82.

Continental Precious Min. has 11 706 896 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of Continental Precious Minerals Inc.
7/23/2013Announces Resignation of Director
3/19/2013Announces the Appointment of Rana Vig to Its Board of Direct...
11/1/2012-Board Resignation
Project news of Continental Precious Minerals Inc.
3/31/2011(Lilljuthatten)Files NI 43-101 Technical Report on Lill-Juthatten Licence i...
3/18/2011(Mms Vicken)Announces Update on Metallurgical Testing of MMS Viken Sampl...
Corporate news of Continental Precious Minerals Inc.
10/15/2014Continental Precious Minerals Inc. Announces Results of Annu...
8/18/2014IIROC Trade Resumption - CZQ
8/18/2014IIROC Trading Halt - CZQ
5/14/2014Continental Precious Minerals Completes Flow-Through Financi...
4/14/2014Boxxer options DOK property in NW British Columbia
4/14/2014Continental Signs Option Agreement with Boxxer Gold Corp.
4/8/2014Continental Precious Minerals Inc. Completes Share Consolida...
10/30/2013-Litigation Update
7/30/2013Litigation Update
5/31/2013CEO and Former Director Seeks Golden Parachute Payment
4/17/2013February 28, 2013 Results
4/3/2013Releases Additional Assays From Viken
1/15/2013November 30, 2012 Results
10/23/2012on Metallurgical Testwork on Continental Precious Minerals' ...
8/2/2012Bioleaching Tests Commence on Continental Precious Minerals'...
5/23/2012Announces Dismissal of Application by Dissident Group
3/5/2012Update on Reduction of Net Profits Royalty Interest
2/27/2012Reduction of Net Profits Royalty Interest
2/22/2012Corporate Update
1/16/2012Shareholder Update
7/14/2011Granted 14 Additional Exploration Licences in Southern Swede...
6/24/2011Enters Into Land Lease at Its MMS Viken Licence in Sweden
4/20/2011Extends Compensation Options
3/4/2011Completes Resource Estimate On Lill-Juthatten Licence
2/23/2011Provides Corporate Update
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (CZQ.TO)
0.370+37.04%
TORONTO
CA$ 0.370
06/30 12:59 0.100
37.04%
Prev close Open
0.270 0.370
Low High
0.370 0.370
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.370 -%
Volume 1 month var.
41,500 -%
24hGold TrendPower© : -2
Produces
Develops
Explores for Molybdenum - Nickel - Uranium - Vanadium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/22/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.72-0.19%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.87-3.12%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.56+0.18%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.38-4.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.79-0.32%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.86+0.54%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.13+0.58%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.88%Trend Power :