Business
Malaga: A clarification regards the technical report published in 2006
Malaga Inc. (malaga) Symbol: MLG Toronto Stock Exchange (TSX)
About this update from M3 Metals Corp.
[{"type":"text","content":"\n\n\n\nMalaga Inc. (malaga)\n\n\nSymbol: MLG\n\n\nToronto Stock Exchange (TSX)\n\n\nMONTREAL, Oct. 27 /CNW Telbec/ - Malaga Inc. (TSX: MLG) is pleased to\nannounce that it will shortly publish a new technical report on its tungsten\nresources at its Pasto Bueno property located in the region of Ancash (Peru).\nThe report and information it contains on the Company's tungsten property will\nbe National Instrument 43-101 compliant.\n\n\nThe technical report published in 2006 on the Pasto Bueno property did\nnot properly define the mine's economic viability in terms of a NI 43-101\ncompliant resource calculation.\n\n\nMalaga intends to rectify this situation as soon as possible by preparing\na new resource calculation for its property. This new calculation will attest\nto the Company's current resources at Pasto Bueno and will be computed using\nmethods that are approved by the Canadian regulatory authorities and will be\nas such fully NI 43-101 compliant. Vector Engineering, a well known mining\nengineering firm, has been hired by Malaga to produce the new report.\n\n\nThe Company is actively working on this report and will publish it on its\nwebsite (www.malaga.ca) and on SEDAR (www.sedar.com) as soon as it has been\ncompleted and officially approved as being 43-101 compliant.\n\n\nFinally, Malaga wishes to underline that the 2006 resource calculations\nalthough they were not 43-101 compliant have nevertheless enabled the Company\nto maintain its production capacity at Pasto Bueno since tungsten production\nbegan in April 2007.\n\n\nABOUT MALAGA INC.\n\n\nMalaga Inc. is a tungsten mining company that uses modern, efficient and\nproductive mining technology. The Company is committed to growth, through\nincreasing its tungsten concentrate production, continuing the exploration of\nthe Pasto Bueno property, and through strategic acquisitions. It also seeks\ndiverse growth opportunities such as developing the hydroelectric potential of\nthe Pasto Bueno property, through Hidropesac, in which the Company holds 44%,\nas well as through its holding in Dynacor Gold Mines Inc., in which the\nCompany owns 13.3%.\n\n\n","length":2199,"tagName":"div"}]