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CORONADO RESOURCES LTD. - Progress update at the Madison Mine in Montana, USA

Jun. 23, 2011 (Canada NewsWire Group) -- Trading Symbol: TSX.V-CRD VANCOUVER, June 23, ...

articleLqwd Technologies CorpJune 23, 20115/company/lqwd-fintech-corp/news/coronado-resources-ltd-progress-update-at-the-madison-mine-in-montana-usa
CORONADO RESOURCES LTD. - Progress update at the Madison Mine in Montana, USA

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[{"type":"text","content":"\n\n\n Jun. 23, 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\nTrading Symbol: TSX.V-CRD\n\n\nVANCOUVER, June 23, 2011 /CNW/ - Coronado Resources Ltd. has shipped and processed 950 tons of copper/gold/silver ore at a\n floatation mill located in Phillipsburg Montana.  An estimated 200 dry\n tons of concentrates were produced grading .980 oz/t of gold, 9.2 oz/t\n of silver and 19.2% copper.  An ore buyer has advanced operation funds\n and is expected to begin shipping on or about June 27th, 2011.  A considerable amount of time has been spent rehabilitating the\n mine to MSHA (Mine Safety & Health Administration) standards.  A second\n escape way, as requested is now completed and mining of ore is now in\n full stride with regular production of copper/gold/silver ore expected.\n\n\nA shipment of gold ore is presently underway and a minimum 600 tons of\n ore grading 0.60 oz/t of gold per ton is expected to be processed at a\n facility located 26 miles away by the end of this month.  A second gold\n shipment is anticipated to be sent and processed during the month of\n July with exact tonnage to be determined.\n\n\nThe company has plans to begin an active exploration program at the\n Madison Mine as well as pursue outside operations most likely in the\n Philippines where earlier interests are still available using funds\n generated from ore shipments at Madison and not equity financing.\n\n\nCoronado has granted a further 175,000 options to those previousl...

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