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...
Cours Or & Argent

Sherwood Copper Corp.

Publié le 28 août 2008

Reports High Rainfall temporarily restricts access to its Minto Mine, Production not Affected

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

Sherwood Copper Corporation

SUITE 860-625 HOWE STREET ? VANCOUVER, BC ? V6C 2T6 ? CANADA ? TEL: (604-687-7545) ? FAX: (604-689-5041

PRESS RELEASE

FOR IMMEDIATE RELEASE

 

August 27, 2008                                                                                                                                                                                                                            #08-33

 

 Sherwood Reports High Rainfall temporarily restricts access to its Minto Mine, Production not Affected

Yukon Water Board Grants Permission for Release of Treated Water from Water Storage Pond

 

VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation (SWC: TSX-V) today announced that exceptionally high rainfall over the past several days, on top of an already wet summer, resulted in the temporary closure of the Klondike Highway to Whitehorse, flooding of its access road to its Minto Mine and excessive water inflows into its water storage pond from the surrounding hills.  Despite diverting as much run-off as possible into the Phase 1 open pit (below where mining is currently occurring), the water storage pond was likely to overflow, so permission was requested from and granted by the Yukon Water Board to discharge excess stored water in a controlled manner.  The Minto Mine stores water behind a dam to ensure there is sufficient water available for processing operations throughout the normally relatively dry summers and frozen winters in the Yukon.  The Klondike Highway has subsequently opened to single lane traffic and repairs have begun on the mine access road. The Minto Mine is owned and operated by Minto Explorations Ltd. (?MintoEx?), a wholly owned subsidiary of Sherwood Copper Corp.

 

?Following last year, when our principal concern was not having enough water stored to sustain operations through the dry seasons, this year we have had to deal with a very wet summer that was topped off by a very high rainfall event over the past few days,? said Stephen Quin, President & CEO.  ?Big Creek, which crosses our mine access road, rose over two metres in 24 hours, and overtopped protective dykes designed to keep water off the road during flood conditions, temporarily affecting road access to the mine.  The Klondike Highway was also closed between Carmacks and Whitehorse due to flooding.  Water levels are now receding and access is expected to be restored within two days,? he said. ?In addition, excessive run-off from the hills surrounding the Minto Mine quickly filled the water storage pond where water levels, despite diverting as much run-off as possible into the lower benches of the open pit (which are not currently being mined), rose half a metre in eight hours.  In order to manage its water resources, we applied for, and received from the Yukon Water Board, an amendment to our water licence to discharge excess stored water.  It is important to note that the stored water is non-toxic to aquatic organisms and, while slightly above discharge levels set in Minto?s water licence, is considerably below Federal standards for discharge set out in the Metal Mining Effluent Regulations.  Further, this is not a discharge from a tailings pond, since the Minto Mine uses the dry stack tailings storage method, where tailings are mechanically dried and stored in a compacted storage facility, and therefore the mine has no tailings pond.?

 

MintoEx?s operating personnel and its environmental consultants kept the Territorial and Federal regulators and Selkirk First Nation informed at all times to ensure this rain event was closely monitored, was carefully managed and that there would be no negative consequences to the natural environment.  At no time was the integrity of the dam used to retain water in the storage pond in question, since it is designed to standards well above those related to recent rainfalls.

 

Mine Access Road

Access to the Minto Mine from Whitehorse is via the Klondike Highway to Minto Landing, where vehicle traffic crosses the Yukon River by barge in the summer and ice bridge in the winter, before connecting to a 30km mine access road leading to the Minto Mine site.  The mine access road has one bridge, over Big Creek, which has been the subject of flooding in prior years.  The rapid rise in water levels in Big Creek, over three meters in the past several days and two metres in 24 hours, resulted in water overtopping the protective dykes designed to keep water off the road in flood events.  Water levels in Big Creek have already started to recede and access to the mine is expected to be restored in the next two days.  While concentrate trucking has been temporarily suspended, Sherwood already has a ship load of concentrates stored at the port of Skagway, which is expected to be shipped out in the next few days.  Trucking of concentrates is expected to resume as soon as access is restored.

 

Mine site Water Levels

Given the dry summers and frozen winters in the Yukon, the Minto Mine has a water storage pond designed to hold water for use in processing copper ores in the dry seasons.. After several weeks of essentially stable water levels, the recent heavy rains resulted in very high run-off from the surrounding hills and a 0.5 metre rise in water levels in the water storage pond in eight hours, despite diverting all possible run-off water into the Phase 1 open pit (which was not being used).  MintoEx had been treating the water in the storage pond over the past several weeks to reduce slightly elevated metal loadings prior to discharge and had successfully reduced metal levels to well below Federal discharge standards as set out in the Metal Mining Effluent Regulations (?MMER?), and was approaching the levels set out under the mine?s Territorial water licence.  Given that the water diverted into the open pit is dirtier than the already treated water in the storage pond, MintoEx applied to the Yukon Water Board for permission to discharge water from the storage pond before pumping out the open pit and mixing the dirtier water from the pit with the treated water in the storage pond.  MintoEx?s application was supported by both Federal and Territorial regulators and permission has been granted.  It is important to note that the water in the storage pond has been extensively tested and has been demonstrated to be non-toxic to fish and meets MMER discharge standards.  Further, the considerable run-off below the Minto mine site will have a significant dilutive effect on the water being discharged.  The objective of MintoEx?s application to the Yukon Water Board was to allow for a reduction of water levels in the storage pond to provide sufficient room in the pond for continued precipitation over the remainder of the summer and fall, and for storage of the water currently contained in the open pit.

 

Once water levels in the storage pond are reduced, MintoEx personnel will pump out the water captured in the open pit and treat it before it is discharged.  MintoEx has a water treatment plant on site to ensure waters meet the appropriate standards before discharge.  Water levels in the open pit are below the level of the current Phase 3 push-back and should not affect MintoEx?s ability to meet its mine production objectives.  Milling operations have continued throughout the recent days and there should be no affect on Sherwood?s production targets for the year. MintoEx continues to have air access to the mine for its personnel and crew changes.

 

About Sherwood Copper

Sherwood Copper?s current focus is profitable production of base and precious metals from high grade, open pit mines in Canada.  Sherwood?s first operating mine, the high grade Minto copper-gold mine in Yukon, Canada, was built on budget and ahead of schedule.  The Minto Mine is one of the highest-grade open pit copper-gold mines in the world, and is forecast to be a low cost producer.  Aggressive exploration on the Minto property has yielded significant success, providing Sherwood the opportunity to ?grow from within? by expanding the resource and reserve base, potentially leading to further production increases.  To further accelerate its production growth, Sherwood intends to pursue merger & acquisition opportunities that fit its business model and, in May 2008, Sherwood acquired 100% ownership in Western Keltic Mines, owner of the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British Columbia.  Sherwood expects to lever off its successful development of the Minto Mine and advance the Kutcho project to a production decision.

 

Additional Information

Additional information on Sherwood and its Minto Project can be obtained on Sherwood?s website at http://www.sherwoodcopper.com.

 

On behalf of the board of directors

SHERWOOD COPPER CORPORATION

?Stephen P. Quin?

Stephen P. Quin

President & CEO

 

Investor Contacts:

Stephen P. Quin 604.687-7545 or Neil MacRae 604-687-7545

 

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

 

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements.

 

Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and mineral resources, conversion of inferred mineral resources to the measured and indicated categories, the realization of mineral reserve estimates in mining, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.  In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology.  By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.  Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of metals; future currency exchange rates; conversion of mineral resources to higher confidence levels or to mineral reserves; possible variations in mineral reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; changes in the legal or regulatory regime affecting the Company?s operations; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, including those for the Current Period, all of which are filed and available for review on SEDAR at www.sedar.com.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.


Accordingly, readers should not place undue reliance on forward-looking statements.

 
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Sherwood Copper Corp.

CODE : SWC.V
CUSIP : 82442N 103
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

Sherwood Copper est une société développant des projet miniers de cuivre basée au Canada.

Sherwood Copper est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 56,5 millions CA$ (46,4 millions US$, 36,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 8,26 CA$, et son plus bas niveau récent le 21 novembre 2008 à 1,01 CA$.

Sherwood Copper possède 53 853 000 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
 
Rapports annuels de Sherwood Copper Corp.
2007 Annual report
Financements de Sherwood Copper Corp.
29/02/2008 Signs Committed Term Sheet for Corporate Credit Facility wi...
15/02/2008 Announces $7.2 million Flow-through Financing
Nominations de Sherwood Copper Corp.
01/04/2008Makes Key Appointments to its Board & Management
16/01/2008 Appoints Kevin Weston as Chief Operating Officer
Rapports Financiers de Sherwood Copper Corp.
27/08/2008Reports Continued Strong Financial Results for the Three Mon...
22/07/2008Reports Increased Copper Production & Reduced Costs in Secon...
30/05/2008Reports Strong Results from Operations in First Quarter 2008
Projets de Sherwood Copper Corp.
26/01/2009(Minto Mine)Capstone Mining Corp. Commences US$ 3 Million Resource Expan...
10/12/2008(Minto Mine)Capstone Mining Corp. Reports Final Drill Intercepts of Nea...
13/11/2008(Kutcho Creek)Increases Continuity of High Grade Copper Trend at its Kutch...
07/11/2008(Minto Mine)Raises US$37.5 million from Minto Precious Metal ProductionT...
04/11/2008(Minto Mine)Reports New Copper-Gold Discovery at Minto Mine and possible...
22/09/2008(Kutcho Creek)Reports Further High Grade Intercepts from its Kutcho Copper...
18/09/2008(Minto Mine)Reports Thick Intervals of Near Surface Copper-Gold Minerali...
02/09/2008(Kutcho Creek)Reports Multiple High Grade Intercepts from its Kutcho Coppe...
28/08/2008(Minto Mine)Reports High Rainfall temporarily restricts access to its Mi...
21/08/2008(Minto Mine)Reports Further High Grade Copper-Gold Results From Areas 2 ...
17/07/2008(Minto Mine)Releases Further High Grade Copper-Gold from Area 2 & Area 1...
14/07/2008(Kutcho Creek)Reports High Grade Intercepts from the Kutcho Drill Program
17/06/2008(Minto Mine)Announces Significant Increase in Copper-Gold Resources at M...
17/04/2008(Minto Mine)Reports Minto Copper-Gold Mine Achieves & Exceeds Design Cap...
10/03/2008(Kutcho Creek) Completes Funding Arrangements for Kutcho Project & Begins ...
25/02/2008(Minto Mine)Reports 2007 Production Results & 2008 Production Estimate f...
13/02/2008(Minto Mine)Intersects High Grade Copper-Gold Mineralization in 4 Separa...
14/01/2008(Minto Mine)Intersects High Grade Copper-Gold Mineralization at Area 118...
18/12/2007(Minto Mine) Reports Phase 2 Mill Expansion at Minto Copper-Gold Mine Co...
12/12/2007(Minto Mine) Reports Results of Pre-feasibility Study for Expansion of M...
07/12/2007(Minto Mine)Reports Groundwork has Commenced on Carmacks to Stewart Tran...
03/12/2007(Minto Mine)Intersects High Grade Copper-Gold Mineralization at Ridgetop...
29/10/2007(Minto Mine) Intersects High Grade Copper-Gold Mineralization at Area 11...
25/10/2007(Minto Mine) Ships first Minto Mine Concentrates from Skagway
25/09/2007(Minto Mine)Receives Encouraging Results From 2007 Gradient IP Geophysic...
19/09/2007Discovers High Grade at Airstrip & Expands High Grade at Are...
05/09/2007(Minto Mine)Reports "On budget & Ahead of Schedule" Phase 1 Construction...
25/07/2007(Minto Mine)Delivers First Concentrates from Minto Mine to Port of Skagw...
15/06/2007(Minto Mine)Phase 2 Exploration Program Underway at Minto Copper-Gold Mi...
12/06/2007(Minto Mine)Reports Excellent Metallurgical Test Results from Area 2 at ...
24/05/2007(Minto Mine)Discovers High Grade Copper-Gold Mineralization in Minto 'Ga...
24/04/2007(Minto Mine)Awarded Funding from the Yukon Government to Advance Area 2 ...
12/04/2007(Minto Mine)Expands Scope of Pre-feasibility Study on Minto Copper-Gold ...
11/04/2007Accelerates Phase 2 Mill Expansion at Minto Copper-Gold Mine...
Communiqués de Presse de Sherwood Copper Corp.
23/01/2009Capstone Mining Corp. Reports Debt Repayments, Funding of De...
24/12/2008Capstone Mining Corp. Mails Offer to Purchase to its Debentu...
24/11/2008Reports Cash Flow from Mining Operations of $29.9 million in...
21/11/2008Announces Closing of Precious Metal Transaction
19/09/2008sets Shareholder Meeting Date for Capstone Combination
05/08/2008Reports Higher Copper Production Forecast for 2009 & Updated...
25/07/2008Reports Phase 3 Mill Throughput Increase to 3,200tpd Approve...
30/06/2008Finalizes Exploration Agreement with Northern Tiger Resource...
12/06/2008Reports Results of Preliminary Economic Assessment for Kutch...
05/06/2008Holds Successful Annual Meeting & Reports on Strategic Objec...
28/05/2008and Western Keltic Announce Closing of Business Combination
07/04/2008and Western Keltic Mines Inc. Announce Planned Business Comb...
06/03/2008 Increases Holdings to Approximately 93% of Western Keltic S...
03/03/2008Signs Exploration Memorandum of Understanding with Firestone...
22/02/2008Acquires 91.7% of Western Keltic Shares & Extends Offer for ...
12/02/2008Takes up 85.6% of Western Keltic Shares & Extends Offer for ...
30/01/2008Extends Offer for Western Keltic Mines to February 11, 2008
24/12/2007 Mails Offer for Western Keltic Mines
26/11/2007 Announces Agreement for Acquisition of Western Keltic Mines
29/10/2007 Appear on BNN TV
12/10/2007 Holds the Official Opening Ceremony for the Minto Mine, Yuk...
04/10/2007 Reports that Minto Mine Declares Commercial Production
17/07/2007Identifies Two Extensive Copper-Gold Systems at Minto Projec...
16/07/2007Reports Geotech Program Results in Improved Pit Slopes at Mi...
29/05/2007reports Yukon Utilities Board Approves Revised Power Purchas...
15/05/2007reports Yukon Government Support for Revamped Power Purchase...
10/05/2007Nominates Industry Leader for election to its Board of Direc...
02/05/2007Announces Yukon Utilities Board Turns Down Provisions of the...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (SWC.V)
1,05-7.89%
Dernières informations avant suppression de la cote
Cours préc. Ouverture
1,14 1,04
Bas haut
1,02 1,12
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  1,05 -%
Volume var. 1 mois
0 -%
Produit
Développe
Recherche
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 07/09/2010
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$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,08 AU$+0,50%Trend Power :
OceanaGold(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 +4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
8,91 US$-2,73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX-3,26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$+10,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,06 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
12,67 +0,88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,34 CA$+6,25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,19 AU$+2,70%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 ...
1,77 -2,21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,37 US$-0,22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.