Plains Creek Phosphate Corporation: Update on Farim Phosphate Deposit Drill Program and Definitve Feasibility Study
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/15/11 -- Plains Creek Phosphate Corporation (the "Company") (TSX VENTURE: PCP) is pleased to provide an update on the Farim Phosphate Project drill programs and definitive feasibility study that is currently underway.
Drill Programs
Four drill programs have been undertaken at the Farim Phosphate Project over the period May to July 2011.
As a result of the onset of the rainy season in West Africa all drill operations were suspended at the end of July and are expected to resume in September / October this year when drier conditions return.
Bankable Feasibility Study
Good progress has been made by GBM Minerals Engineering Consultants Limited ("GBM") on the Definitive Feasibility Study ("DFS") over the last 4 months. The DFS is still scheduled for completion in the 4th Quarter 2011.
Resource Estimates
Golder Associates (UK) Ltd ("Golder") of London, England continue to update the existing resource model and will incorporate the results from the recently completed resource definition and resource expansion drill program into a revised resource model.
Mining
Golder has commenced work on a developing a definitive mine plan for the phosphate mining operation. Results from the current hydrogeological and geotechnical drill program will be incorporated in the definitive mine plan.
Metallurgical
A metallurgical test work program is well underway using the Geological School 1 metallurgical laboratories at Nancy, France. Results from the test work program will be utilized to finalize the flow sheet to produce phosphate rock concentrate. In addition product from the metallurgical test work program will be used for slurry pipeline design tests, additional tests to produce phosphoric acid and to provide product samples to potential off take partners.
Tailings options have been investigated and await further field work to complete.
Infrastructure
Design engineering and planning is continuing on the layout of the beneficiation plant, offices, roads and associated infrastructure including power and water supplies.
The approximate 80 kilometre slurry pipeline from the beneficiation plant located at Farim to the port site at Pointe Cheque is under design engineering and planning.
Port
Design engineering and planning for the port at Pointe Cheque is underway.
Environmental
Socio-economic studies have been completed in the project area around the town of Farim and along the proposed slurry pipeline route to the proposed port site at Pointe Cheque.
Hydrological, air quality and weather monitoring systems have been installed in and around the project site to provide on going monitoring and data collection facilities.
ON BEHALF OF THE BOARD
Carson Phillips, Director
Cautionary Statement
Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-statements and the Company undertakes no obligation to update statements. Such forward looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.
Neither 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.
Contacts:
Plains Creek Phosphate Corporation
Carson Phillips
Vice-President, Corporate Development
(604) 657-5871
(604) 688-6402 (FAX)
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Datum: 15.08.2011 - 17:56 Uhr
Sprache: Deutsch
News-ID 46612
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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