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Re: News Release - Thursday, February 11, 2010
YESAB Executive Committee Silver Hart Project Review
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Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to
announce that it has submitted the Project Description to the Yukon
Environmental and Socio-economic Assessment Board (YESAB) to
prescreening the project to be deemed complete. Once deemed complete,
YESAB can conduct their assessment and develop a decision document with
recommendations for the Yukon Territorial Government (YTG) to use in
developing their Development permits and Operating Licence. The
Development permit will allow the Company to proceed with the civil
works in preparing the mine and mill for production. Other permits,
licence and agreements that will follow this point would include a
Class B Water Licence from the Yukon Water Board and an Operating
Licence from YTG and working agreements with First Nations.
The proposed Silver Hart project is for a 20,000 tonne per year mine
and an 80 tonne per day mill facility. Mining of the TM and S zone will
be on a seasonal basis (June to October) and milling will be on a year
round basis. The first two years will be by surface mining methods and
then continued by underground methods.
In compliance with NI 43-101, Don Wedman, P.Eng., President and Chief
Executive Officer of the Company, is the Qualified Person who prepared
or supervised the preparation of the technical information presented in
this news release.
This news release was prepared on behalf of the Board of Directors,
which accepts full responsibility for its contents.
On behalf of the Board:
"Donald W. Wedman"
Donald W. Wedman, P.Eng.
CMC METALS LTD.
For further information on the Company, please contact Mr. Gord Zelko,
VP Business Relations at StoxNetwork Corp. Telephone: 250-495-7123, or
Email: gz@mineralstocks.com.
Neither the 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.
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Copyright (c) 2010 CMC METALS LTD. (CMB) All rights reserved. For
more information visit our website at http://www.cmcmetals.ca/ or send
mailto:gz@mineralstocks.com
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CMC Metals Ltd.
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DEVELOPMENT STAGE |
CODE : CMB.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
CMC Metals is a silver development stage company based in Canada. CMC Metals develops silver, lead and zinc in Canada. Its main asset in development is SILVER HART in Canada and its main exploration properties are BLACK HORSE (CHESCO CLAIMS), LOGJAM and WHEELBARROW PROPERTY in Canada. CMC Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.0 millions, € 948 087). Its stock quote reached its highest recent level on January 07, 2011 at CA$ 2.94, and its lowest recent point on September 28, 2018 at CA$ 0.02. CMC Metals has 34 650 000 shares outstanding. |