Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Kinbauri Gold Corporation

Publié le 13 mars 2008

ENGINEERING AND MINE PLANNING UNDERWAY AT KINBAURI’S EL VALLE PROJECT

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Copper | Europe |

PRESS RELEASE                      

Kinbauri Gold Corp.                                                                         

110 Westhunt Drive                                                                     

P.O. Box 158

Carp, Ontario K0A 1L0 CANADA                                 

 

Stock Symbol: TSXV.KNB: 3KG.DE    

Website: www.kinbauri-gold.com

 

 

FOR IMMEDIATE RELEASE     2008-09

 

 

ENGINEERING AND MINE PLANNING UNDERWAY AT KINBAURI’S EL VALLE PROJECT

 

OTTAWA, ONTARIO, March 13, 2008: Kinbauri Gold Corp. (“Kinbauri”) (Toronto: TSXV.KNB; Frankfurt: 3KG.DE) is pleased to announce that engineering and mine planning has been initiated at El Valle in order that a feasibility study can be completed by November of this year. Three firms have submitted proposals to complete the feasibility study; a final choice will be announced shortly.

 

Other Contractual Developments:

 

  • McIntosh Engineering of North Bay, Ontario has been awarded a contract for underground mine design and costing. McIntosh Engineering has over 200 employees and is considered a world leader in underground mine design and related technical services. It provides services to mining companies in developing underground mining operations, including: project analyses, scoping studies, pre-feasibility and detailed feasibility studies, detailed engineering planning, procurement assistance, construction management and commissioning.

 

Golder and Associates (“Golder”) of Toronto, Ontario has been awarded a contract to complete rock mechanics and hydrology studies required for proper mine planning and development. Golder specializes in engineering and environmental services.  It employs over 6,000 people in offices located throughout the world. Golder offers a comprehensive service for the management of groundwater and surface water on mining projects. Mr. Cesare Castiglia, a Golder geotechnical engineer, will be completing the rock mechanics study. Dr. Martin Preene, a Golder specialist in mine hydrology ( 21 years of experience) will be completing the hydrology study.

 

  • COREM Laboratories of Quebec City, Quebec is being engaged to undertake metallurgical test work. COREM is a non-profit organization supported by various mining companies and the government of Quebec; its focus is the processing and transformation of mineral substances. COREM laboratories have state-of-the art equipment to carry out specialized or routine analyses along with metallurgical studies.  COREM is also an active member of the ISO/TC/102 committees on chemical analyses and pyro-metallurgical characterization. It is accredited by the Standards Council of Canada (SCC) via the Standardization Office of Quebec (BNQ) according to ISO standard 17025.

 

  • RWJ Mining Consulting of Dubuisson, Quebec is conducting an on-going review of the El Valle mill to determine maintenance, metallurgical tests and up-grades required for optimal production rates upon its restart. Mr. Roger Jolicoeur, RWJ’s principal, has participated in mill feasibility studies, operational costing, audits, rehabilitations, replacements and commissioning, both as a consultant and employee of various mining companies (Lyon Lake Mines, Agnico-Eagle, BHP Billiton, Westdome Gold Mining, Abcourt Mines, International Taurus Resources and Osisko Exploration amongst others).

 

  • Kinbauri has engaged Mr. Serge Nantel, an independent professional mining engineer with over 34 years experience with various mining companies (Soquem, Inmet Mining, Minnova, Noranda, Asbestos Corporation) to supervise the above studies and integrate them into the feasibility study. Mr. Nantel has supervised and managed various engineering and construction tasks related to underground and open pit operations. Notably, he was construction manager and project coordinator with Inmet Mining, for the construction of the Troilus project, a $200M mining complex .

 

Recent Developments at El Valle/Carles

 

On January 17th Kinbauri filed a N.I. 43-101 compliant technical report. This report delineated Kinbauri’s resources as of November 7th 2007 as:

 

  • Total Measured + Indicated:  725,200 oz Au and 87,100,000 lbs. Cu (4,159,000 tonnes at 5.4 g Au/t and approximately 0.97% Cu(1)).
  • Total Inferred:  1,042,000 oz Au and 50,000,000 lbs. Cu (5,357,000t at 6.1g Au/t and approximately 0.56% Cu(2)).

(1) 0.97% Cu for 4,054,000 tonnes resource, copper resource and grade is not estimated for 105,000 tonnes resource.

(2) 0.56% Cu for 4,074,000 tonnes resource, copper resource and grade is not estimated for 1,283,000 tonnes resource.

(3) With the exception of 78,000oz. Au (898,000 tonnes @2.7g/Au/t), all resources are located at El Valle and Carles.

 

 

During the course of its recent underground exploration works at the El Valle mine, Kinbauri has completed 395 metres of drifting to facilitate infill drilling required for the feasibility study and further exploration drilling. The 23,000m infill drilling program was started in late 2007 and over 5,000 metres have been drilled to date (See press releases of December 13, 2007; January 29, 2008; February 14 and 27, 2008; and March 28, 2008 for the positive results achieved). The infill drilling will be completed no later than August of this year. The exploration drilling, which is targeted to add a further 300,000 plus ounces of gold within the southward expansion of the Northwestern Area of the Black Skarn (see press release of March 7, 2008) will be completed by yearend.

 

As indicated above, Kinbauri has initiated engineering and mining studies in order that a

feasibility study can be completed by November, 2008. This will allow Kinbauri to pursue non-dilutive financing to complete its pre-production development during 2009 and early 2010.

 

Kinbauri is a TSXV – Tier 1 Mineral Exploration Company focused on the development of mineral properties, primarily precious metal prospects in northwestern Spain, Nevada

and Canada.  Its immediate focus is to expand and upgrade resources to reserves at the El

Valle property in Asturias, Spain in order to start operations at the mine and existing mill complex there in early 2010.  It currently has 43,608,320 common shares issued and outstanding.

 

THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP.  THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This press release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected.  Kinbauri undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change.  The reader is cautioned not to place undue reliance on forward-looking statements.

 

FOR FURTHER INFORMATION CONTACT:

 

North America

Darrell Munro, BB.A, LL.B, Manager Corporate Communications

E-mail: dmunro@kinbauri-gold.com

Tel: (613) 836-0198

Dr. Vern Rampton, P. Eng., President   vrampton@kinbauri-gold.com

E-mail:  kinbauri@kinbauri-gold.com

Tel: (613) 836-2594 Fax: (613) 831 2730

 

Europe

Ruediger (Rudy) Hnyk, CEO

INVESTEL

Investor Relations &

Telecommunications

E-Mail: ceo@investel.de

 

OR VISIT:

Kinbauri Gold’s Hub at http://www.agoracom.com/IR/kinbauri  where investors can post questions and receive answers or review questions and answers already posted by other investors.

Kinbauri Web-Site: www.kinbauri-gold.com
 
 
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Kinbauri Gold Corporation

CODE : KNB.V
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Kinbauri Gold est une société d’exploration minière d'or basée au Canada.

Kinbauri Gold détient divers projets d'exploration en Espagne.

Son principal projet en exploration est CORCOESTO en Espagne.

Kinbauri Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 36,1 millions CA$ (34,4 millions US$, 23,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 28 mars 2008 à 1,11 CA$, et son plus bas niveau récent le 24 octobre 2008 à 0,16 CA$.

Kinbauri Gold possède 48 722 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Financements de Kinbauri Gold Corporation
11/06/2009$1,000,000 Non-Brokered Private Placement
21/05/2009Proposed closing of private placement
20/02/2009Private Placement
30/09/2008EXTENDS WARRANTS
Nominations de Kinbauri Gold Corporation
31/08/2009New Directors Appointment To Kinbauri's Board
15/12/2008Appoints Financial Advisor to Assist in Strategic Planning
Projets de Kinbauri Gold Corporation
29/05/2009(El Valle (carles))Receives validation of revised mine plan from independent co...
05/03/2009FINAL SCOPING STUDY REPORT
12/02/2009(El Valle (carles))SCOPING STUDY REVISION BOOSTS ECONOMICS FOR EL VALLE/CARLES ...
09/02/2009(El Valle (carles)) SCOPING STUDY DETERMINES ROBUST ECONOMICS FOR EL VALLE/CARL...
22/01/2009(El Valle (carles))EL VALLE RESOURCES INCREASED BY ADDITIONAL 153,519 OZ. GOLD
29/07/2008CUTS HIGH GRADE GOLD AT EL VALLE
27/06/2008(El Valle (carles))ENGAGES SCOTT WILSON ROSCOE POSTLE ASSOCIATES FOR SCOPING ST...
20/06/2008(El Valle (carles))Drilling Extends High Grade Skarn at Kinbauri's El Valle Pro...
04/04/2008Drill holes
13/03/2008(El Valle (carles))ENGINEERING AND MINE PLANNING UNDERWAY AT KINBAURI’S EL VALL...
10/03/2008(El Valle (carles))Anglo Pacific Group to Provide $7.5M to Kinbauri in Exchange...
27/02/2008 Drill holes
05/02/2008(El Valle (carles))N. I. 43-101 Technical Report on Kinbauri?s El Valle, Spain
Communiqués de Presse de Kinbauri Gold Corporation
18/08/2009Directors Unanimously Recommend that Shareholders ACCEPT Orv...
13/08/2009Board Issues No Recommendation on Orvana Offer
21/07/2009Shareholders Are Advised To Take No Action At This Time Rega...
30/06/2009Update on Court Hearing
26/06/2009Provides Update on Review of Strategic Alternatives
17/06/2009Provides Update on Court Application and Retains Financial A...
11/06/2009Provides Update on Glen Eagle Transaction
04/06/2009Update on Glen Eagle transaction
26/05/2009Advised To Take No Action At This Time Regarding Orvana’s Un...
22/05/2009Update on legal actions
21/05/2009Legal Actions Against the Company
13/05/2009Provides clarification on glen eagle investment
13/05/2009Sign definitive agreement with Glen Eagle
17/02/2009Grants Incentive Options
16/12/2008OPTIONS FIEDMONT Pt/Pd PROPERTY TO PACIFIC NORTH WEST CAPIT...
09/06/2008NETHERY APPOINTED TO KINBAURI?S BOARD
14/05/2008CLOSES ROYALTY AGREEMENT WITH ANGLO PACIFIC
23/04/2008ANNOUNCES $1 MILLION STRATEGIC INVESTMENT
02/04/2008ADOPTS SHAREHOLDER RIGHTS PLAN
11/03/2008NETHERY APPOINTED TO KINBAURI’S ADVISORY BOARD
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (KNB.V)FRANKFURT (3KG.F)
0,740+0.00%0,470-1.05%
Dernières informations avant suppression de la cote
Cours préc. Ouverture
0,740 0,740
Bas haut
0,740 0,740
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,740 -%
Volume var. 1 mois
0 -%
Produit
Développe
Recherche
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 27/03/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,62 AU$-0,13%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
7,27 US$-0,68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,67 GBX+6,35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+30,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,13 CA$-0,47%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
9,41 CA$-3,59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,22 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,24 AU$-2,04%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,44 CA$-4,64%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
46,69 US$-0,13%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,02 AU$+0,00%Trend Power :