Business
Copper Shipments Completed - Gold Stockpiled
Copper Shipments Completed - Gold Stockpiled
About this update from Lqwd Technologies Corp
[{"type":"text","content":"Copper Shipments Completed - Gold Stockpiled\n\n\n\nCopper Shipments Completed - Gold Stockpiled\n\nVancouver, British Columbia CANADA, October 23, 2008 /FSC/ - Coronado Resources Ltd. (CRD - TSX Venture, CRDAF - OTCBB_Pink_Sheets), has completed its first three shipments of copper mineralization to China.\n\n-***-\n\nShipment Dry \t\t\nArrival Short Grade Contained Payable Fixed\nChina Tons % Cu Pounds Pounds Costs\n------- ------ ----- ------- ------- -------- \nAugust 513.93 17.67 181,600 143,501 $228,178\nSeptember 283.93 21.47 121,920 100,007 $127,216\nOctober 512.75 23.91 245,197 204,624 $235,284\n\n-****-\n\nSettlement is second month after arrival in China. Payable pounds times London Metal Exchange quotation less fixed costs.\n\nFixed costs are for processing, transportation and refining costs.\nCompany has been advanced $375,000 towards final settlement of shipments. Settlement for first shipment was fixed at $2.47 per pound.\n\nThe Company has approximately 450 tons of sulphide gold mineralization grading an average of 1.1 oz/ton gold stockpiled on surface. The company is in discussions with an off site refining facility to process this type of mineralization. The processing of sulphide mineralization is different that that of the oxide mineralization which has previously been shipped to the Golden Sunlight Mill sixteen miles away.\n\nCompany is now focused on sampling and assaying oxide gold mineralization on Level...