THEMAC Resources Group Limited: Copper Flat Mine Notice of Intent Awaiting Final Approval
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/10/12 -- THEMAC Resources Group Limited ("THEMAC" or "the Company") (TSX VENTURE: MAC) today announced that the U.S. Bureau of Land Management (BLM) has published its Notice of Intent (NOI) to conduct an Environmental Impact Statement (EIS) in the Federal Register. With this publication, the BLM will develop a schedule of scoping meetings to be held in Truth or Consequences, NM and Hillsboro, NM, as provided for by the National Environmental Policy Act (NEPA). A kick-off meeting with the BLM and the third party EIS contractor, Mangi Environmental, is planned for mid-January, with state agency representatives planning to attend as well.
"This is an important milestone in our overall permitting efforts for Copper Flat," said Andre Douchane, CEO. "We appreciate everyone's efforts to move this process forward while at the same time ensuring prescribed permitting process was strictly followed. We look forward to the next phase as the State and Federal agencies continue the evaluation of the Copper Flat project and its social, economic, and environmental effects and opportunities."
About the Copper Flat Project
Copper Flat is a former producing mine located approximately 20 miles southwest of Truth or Consequences in Sierra County, State of New Mexico, USA. Permitting for a return of the project to production is at an advanced stage, and a prefeasibility study is in progress and targeted for completion during first quarter 2012.
The Copper Flat project is a porphyry copper-molybdenum-gold-silver deposit. The deposit has NI43-101 Indicated Mineral Resources of 107 million short tons grading 0.303% copper and 0.01% molybdenum for 645 million lbs copper and 21.4 million lbs molybdenum, plus Inferred Mineral Resources of 46 million short tons grading 0.24% copper and 0.006% molybdenum for 222 million lbs copper and 5.6 million lbs molybdenum.
The gold and silver content of the deposit is evidenced by historic production and metallurgical test work, and gold and silver are targeted for incorporation into the deposit's NI43-101 Mineral Resource statement following completion and interpretation of a re-assay program using historic drill pulps.
An NI43-101 Preliminary Economic Assessment ("PEA") dated June 30, 2010 and updated February 25, 2011 has been completed for Copper Flat and can be viewed on SEDAR.
Civil infrastructure in place at Copper Flat includes a tailings dam, largely pre-stripped open pit, power lines, water well field and pipeline, access roads, diversion channels and building foundations. The project land package comprises in excess of 1,200 hectares. For more information visit .
About THEMAC Resources Group Limited
THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 74,117,622 common shares (fully diluted share capital 135,648,241).
Technical information in this news release has been approved by Mr. Ray Irwin, BSc, P.Geo, a Qualified Person in accordance with National Instrument 43-101.
For more information please visit or review the Company's filings on SEDAR ().
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.
Contacts:
THEMAC Resources Group Limited
Andre J. Douchane
CEO
(+1) 416 671 8089 or (+1) 520 850 7529
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Datum: 10.01.2012 - 16:20 Uhr
Sprache: Deutsch
News-ID 102818
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Mining & Metals
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