Business
Capstone Completes Prefeasibility Study on Phase V Expansion of Minto Copper-Gold Mine
Mar. 14, 2011 (Canada NewsWire Group) -- Study extends mine life to 2020 wit h yearly avera...
About this update from Capstone Copper Corp.
[{"type":"text","content":"\n\n\n Mar. 14, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nStudy extends mine life to 2020 with yearly average copper production of 43 million pounds at an average cash cost of $1.34/lb of payable copper\n\n\nVANCOUVER, March 14 /CNW/ - Capstone Mining Corp. (CS: TSX) today reported the results of a\n Prefeasibility Study for the Phase V expansion ("Phase V PFS") of its\n high grade Minto copper-gold mine in the Yukon. This study recommends a\n ramp up in mill throughput to an average production rate of 3,750\n tonnes per day ("tpd") throughput or 1.37 million tonnes per year\n processed in an optimized mill, with ore to be extracted from new\n mineralized areas discovered in 2009 to 2010 not considered in previous\n studies. The Phase V PFS targets 400 million pounds of copper in\n concentrate to be produced over a 10 year mine life, commencing January\n 2011. New deposits not considered in the Phase IV study, issued in\n December 2009, provided the basis to initiate the Phase V PFS. \n\n\n"This Phase V PFS represents another significant milestone in the\n development of the Minto Mine," said Darren Pylot, President & CEO of\n Capstone. "The Phase V PFS at the Minto Mine has successfully\n translated recent new mineral discoveries into increases in mineral\n reserves that are shown to be amenable to a combination of open pit and\n underground mining that will increase life of mine copper production."\n\n\n"Furthermore, as ...