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CORONADO RESOURCES LTD. RECEIVES PAYMENT FOR GOLD & COPPER SHIPMENTS - SIGNS MILLING AGREEMENT WITH MADISON MINING COMPANY IN MONTANA, USA
CORONADO RESOURCES LTD. RECEIVES PAYMENT FOR GOLD & COPPER SHIPMENTS - SIGNS MILLING AGREEMENT WI...
About this update from Lqwd Technologies Corp
[{"type":"text","content":"\n\n\n\n Sep. 16, 2010 (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\nTrading Symbol: TSX.V-CRD\n\nVANCOUVER, Sept. 16 /CNW/ - Coronado Resources Ltd. reports that full payment has been received in the amount of $524,430.45 USD from H&H Metal for shipment to Korea of 225.91 dry short tons of copper ore with an average grade of 45.26% cu. Additionally, a payment of $495.781.51 was recently received for the June gold shipment, consisting of 1304.83 dry short tons of ore grading .479 oz/t au, to the Kinross plant located in Republic, Washington, USA. A good portion of these proceeds has been used to fund the advancement of the decline to the ore discovered early in 2010 and to complete preparation for shrinkage stope mining. The remaining funds will be directed towards future mining and ore processing.\nThe company has signed a milling agreement with the Madison Mining Co. plant located 43 miles from the Madison Gold mine site in Montana, USA. Coronado has sent a 300 ton test sample to the Madison mill for processing and will review the results as they are made available. The test run will proceed without changes to the mill however early examination of the milling complex indicates that with some changes to the flow sheet we can optimize the recovery rate.\n\nMasbate Update: Coronado's due diligence of the mining concessions located in the prolific Masbate Gold region of the Philippines is nearly complete and only waiting for ownership confirmation. We will have an update when made ava...