Coronado Resources Ltd. - Payments Received for Ore shipments from the Madison Mine in Montana, USA

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[{"type":"text","content":"\n\n\n\n\n\nTrading Symbol: TSXV: CRD\n\n\nVANCOUVER, Aug. 30, 2011 /CNW/ - Coronado Resources Ltd. has received payments for two shipments of ore, one of which is\n $416,000 for the sale of gold ore processed at the end of June as well\n we have received a 90% payment of 377,185.32 for gold/copper\n concentrate.  These funds have been directed towards a payment of\n $185,000 for the purchase of a 15 ton underground haulage truck as well\n a $20,000 down payment towards the purchase of a $195,000 underground\n loader.  The truck is presently at the mine site while the loader will\n be shipped in the next 6 to 7 weeks.\n\n\n200 tons of gold ore averaging 0.30 oz/t au will be shipped this month\n for direct processing.  Mining of both ore types is continuing with\n more significant shipments expected to begin in September.  Majority of\n remaining funds have been relegated towards ongoing expenses and\n advancements made by shareholders.\n\n\nAbout:  Coronado Resources Ltd. is a Canadian-based exploration, development\n and mining company trading on the TSX Venture Exchange. Its\n wholly-owned Madison property in Montana, USA is receiving revenue from\n high-grade gold and copper shipments which have, since 2008, funded the\n development of its underground workings to access drill discoveries\n while limiting share dilution.\n\n\nOn Behalf of the Board\n\n\n\"Eugene Larabie\"\nEugene Larabie, P. Eng., President\nCoronado Resources Ltd.\n#507 - 595 Howe Street, Vancouver, BC V6C 2T5\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n responsibility for the adequacy or accuracy of this news release. The\n foregoing information may contain forward-looking statements relating\n to the future performance of Coronado Resources Ltd. Forward-looking\n statements, specifically those concerned with future performance, are\n subject to certain risks and uncertainties, and actual results may\n differ materially. These risks and uncertainties are detailed from time\n to time in filings with the appropriate securities commission.\n\n\n","length":2268,"tagName":"div"}]

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