Jul. 19, 2011 (Baystreet.ca) --
Vancouver, B.C.: CMC Metals Ltd. (the
“Company”) is pleased to announce the Water License for the Bishop mill
facilities was issued on July 13, 2011, upon receipt of confirmation that the
application to construct a new Class A tailing pond had been uncontested. Construction of the tailings pond and
shipment of ore from one of the available sources will start once the Bureau of
Land Management (BLM) has reviewed and accepted the amended Plan of Operations.
The Company is
confident that the facilities will be fully commissioned and operational during
the last quarter of the year. Don
Wedman, P.Eng., CEO and President of the Company commented that “It truly is a
remarkable accomplishment bringing the Bishop mill back into production. It is
an example of the California State Departments, Water Board, Inyo County, and BLM
all working towards the goal of developing a facility that is environmentally,
socially, and financially viable. The Bishop mill facilities will be an
important asset generating cash flow and profits for our shareholders.” In
anticipation of the facility being ready to process ore within the next three
months, three ore sources will be metalurgically tested to characterize the ore
and optimize the mineral recovery. The start up ore will be based on the most
economic alternative. A news release will follow once the start up ore has been
selected.
In compliance with NI 43-101, Don Wedman, P.Eng., President and
Chief Executive Officer of the Company, is the Qualified Person who prepared or
supervised the preparation of the technical information presented in this news
release.
This news
release was prepared on behalf of the Board of Directors, which accepts full
responsibility for its contents.
On
behalf of the Board:
“Donald W. Wedman” Donald W. Wedman, P.Eng.
CMC METALS LTD.
For
further information on the Company, please contact Mr. Gord Zelko, VP Business
Relations at MineralStocks Consulting. Telephone: 250-495-7123, or Email: gz@mineralstocks.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.