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Copper Mesa commences drilling on Zonia Mine copper project in Arizona
www.coppermesacorp.com [email protected] VANCOUVER, Aug. 18 /CNW/ - Copper Mesa Mining Corp...
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[{"type":"text","content":"\n\n\n\nwww.coppermesacorp.com\n\n\[email protected]\n\n\nVANCOUVER, Aug. 18 /CNW/ - Copper Mesa Mining Corporation ("Copper Mesa")\nor (the "Company") (TSX: CUX) is pleased to announce that, through its\nwholly-owned subsidiary, Redstone Resources Corporation, it has acquired the\nnecessary permits and initiated drilling at its Zonia Mine copper project in\nYavapai County, Arizona.\n\n\nTwo separate drill programs, both designed in consultation with the\nCompany's chief engineering advisor on the project, Tetra Tech Inc.\n(NASDAQ:TTEK), have commenced.\n\n\nThe first drill program, which began on August 4 of this year, consists\nof sonic drilling of 17 holes (approximately 1,800 feet) to produce material\nboth for subsequent assaying as well as for the testing of geotechnical\ncharacteristics of areas being considered as sites for construction of\nfacilities for the proposed mining operation.\n\n\nThe second drill program, comprised of diamond drilling of 15 holes\n(approximately 3,000 feet), commenced last week. The primary purpose of this\nprogram is to twin numerous existing holes for confirmation of historical\ntonnage and grades through check assays to facilitate the re-estimation and\nreclassification of the copper resource to be compliant with National\nInstrument 43-101 (NI 43-101), Standards of Disclosure for Mineral Projects,\nby the end of October 2008.\n\n\n"With the drill programs underway, we will begin preparation of a\npre-feasibility study to be completed by the end of 2008 and have all permit\napplications submitted for construction of an open pit mine and a solvent\nextraction/electrowinning (SXEW) processing complex, averaging 20 million\npounds of copper per year, by the end of the second quarter of 2009," said\nGary Davis, President and CEO of Copper Mesa Mining Corp.\n\n\nThe Zonia Mine copper project is located on 3,222 acres of patented and\nunpatented land. In October, 2006, Scott Wilson Roscoe Postle Associates Inc.\nprepared a NI 43-101 compliant inferred resource estimate of 63 million tons\nof material at a copper grade of 0.37% (using a 0.25% cut-off grade). Based on\nhistorical data, almost all known materialization is oxide and amenable to\nheap leaching and SXEW processing technology for the recovery of copper. In\nthe 1970s, the then-owner of the Zonia Mine...