CALGARY, ALBERTA - Prize Mining Corporation ("Prize") (TSXV:PRZ) is pleased to announce that excellent progress continues to be made on processing of a 10,000 tonne gold-rich bulk sample from the Yellowjacket Zone of its Atlin Gold Property, BC. Currently, the 12th sample block (blocks average just under 250 tonnes each) is being processed, and the 13th block is being screened and crushed in preparation for processing. During the past week two sample blocks (A33 and A21) from the central area of the pit were processed. At this time, processing is underway on block A68 which comes from near the east end of the 70 metre long extraction pit. A second block (A62), also from the east end, is currently being prepared for processing.
Gold concentrates produced by the two Knelson concentrators during the block processings continue to be collected, then tabled to re-concentrate into a cleaner, higher grade gold concentrate. Visually, blocks A33 and A21, continue to show good gold content when run over the Diester Table during concentrating. No quantifiable, officially reportable gold assay results from a certified assay lab have been obtained to date, although on site assaying for processing control and internal reference is continuing.
Along with the samples collected for on-site assaying, a very diligent system of head, tails and concentrate sampling is being maintained during processing of all the blocks. To date, a total of 1,320 samples have been collected to be shipped for certified assaying. A good protocol of duplicate sampling and insertion of gold assay standards and blanks is being carefully implemented.
The milling circuit continues to operate in a smooth, consistent manner, producing a good quality, representative Knelson gravity circuit gold concentrate. The newly arrived Semi-Autogenous Grinding (SAG) Mill has been properly set up by a millwright and final welding of the hopper and pump box is underway.
Weekly updates will be provided by news release during the course of the Yellowjacket Zone bulk sample (trial mining) program.
Additional details and information regarding past work conducted on Prize's Atlin Property is set out in past news releases issued and technical reports published by Prize, all of which are available on SEDAR at www.sedar.com or visit the Prize Mining Corporation website at www.prizemining.com.
QUALITY ASSURANCE /QUALITY CONTROL (QA/QC)
Prize follows a rigorous Quality Assurance/Quality Control program consisting of inserting standards, blanks and duplicates into the sample stream submitted to ACME Laboratory Ltd. for analyses.
Ms. Linda Dandy, P.Geo., the project supervisor of Prize's trial mining program on the Yellowjacket Zone of the Atlin Gold Property, is Prize's nominated Qualified Person responsible for monitoring the supervision and quality control of the programs completed within the Atlin Gold Property. Ms. Dandy has reviewed and verified the technical information contained in this news release.