Red Crescent Resources Announces Detail on 2012 Business Targets
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 02/21/12 -- Red Crescent Resources Limited ("RCR") (TSX: RCB)(FRANKFURT: 7RC), a mineral exploration and development company focused on base metals in Turkey, today announced that following a full review by the board, it has approved the Company's overall strategic business plan and its alignment with the specific detailed business targets established for 2012 project operations aimed at generating the ability for the corporation to be self-funding by the end of the annual reporting period.
RCR's primary assets capable of delivering the targeted self funding include; the Hakkari zinc and manganese projects, which are located in far south-east Turkey; the Tufanbeyli/Kayseri regional hub zinc project, in south central Turkey; while the potential for the Sivas copper project, located in north-east central Turkey, to deliver early production through leveraging with application of the proprietary oxide (AmmLeach®) and sulphide (HyperLeach(tm)) technologies of Alexander Mining Plc for further enablement is also under review via a technical cooperation.
Selected targets for 2012:
Additionally a total of 5 RCR underground diamond drill rigs will be targeting 6000m to 8000m of core drilling for resource development from within the mineralised zones on the Pentagon North & South and the Licence 26 underground mine portal and access tunnel development areas.
"Generating cashflow and expanding our resource estimates on all active projects throughout the year will give us the flexibility to invest further in our existing significant asset base and project pipeline while constantly expanding and facilitating RCR access to add to our asset base with quality prospects," added Mr. Clegg. "Whether by acquiring new contiguous and adjacent mining rights or implementing appropriate new mining and processing technology specifically for our oxide mineralised zones, we will explore opportunities where we can leverage all our stakeholder relationships to accelerate our vision of developing Red Crescent Resources as the major mining and base metals production company in the Republic of Turkey."
Alan M. Clegg Pr.Eng FSAIMM, a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this release.
Forward-looking statements
The statements made in this press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
About Red Crescent Resources
Red Crescent Resources (TSX: RCB)(FRANKFURT: 7RC) is a Turkey-based junior mining company targeting historically inaccessible areas where no modern application of exploration techniques or technology has been applied, with potentially significant base metal deposits under development.
RCR's strategic and operational focus is fundamentally under-written by virtue of its situational geography, i.e. within Turkey as one of the fastest growing industrial economies. The sustainability of this growth is dependent upon Turkey's ability to fund the growing balance of payment deficit caused by its continued and accelerating growth in consumption of the main industrial base metal & other mineral commodities; four of the top six are Copper, Zinc, Lead, and Ferro-metals. RCR is the leader in the drive for Turkey to be as far as possible self sufficient by virtue of its ability to produce the key industrial base metal commodities required by 2023. For more information, please visit:
Contacts:
TMX Equicom
Joe Racanelli
+1 416 815 0700 ext 243
Red Crescent Resources
Alan Clegg
+90 530 662 8964
+90 312 448 2926 (FAX)
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Datum: 21.02.2012 - 17:25 Uhr
Sprache: Deutsch
News-ID 116851
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TORONTO, ONTARIO
Kategorie:
Mining & Metals
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