Mandalay Resources Corporation Provides Update on Flooding at Cerro Bayo Mine
(Thomson Reuters ONE) -
TORONTO, June 14, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation
("Mandalay" or the "Company") (TSX:MND) is providing an update on the flooding
event at the Cerro Bayo mine that was originally announced on June 9, 2017.
Extended families of the two missing miners have been gathered at a comfort
center in the nearby town of Chile Chico, where they receive support and at
least once daily briefings on progress of the search efforts. Our thoughts are
with them during this very difficult time. As well, our employees, unions, and
community members gather in town for regular updates.
Surface and underground operations at Cerro Bayo were suspended in a safe and
orderly manner immediately after the incident occurred on the morning of June
9. Only authorized personnel critical to the search efforts have been traveling
to the site. There, the search operations are proceeding around the clock with
approximately 100 to 120 people on day shift and 50 to 60 on night shift. Cerro
Bayo has had extensive visits by national, provincial and local government and
regulatory officials to gather information, contribute ideas and offer
logistical and technical support.
Search efforts continue to be focused on drilling to intersect the deepest level
of the mine, approximately 200 metres below surface (where the miners were
working), to test the extent to which inundation of that level has occurred.
Currently, two rigs are drilling with a third preparing to start. Meanwhile, all
surface and underground haul trucks on site are engaged with several excavators
and loaders in constructing a containment berm across a bay of Laguna Verde in
an attempt to isolate the incident zone from the larger lake and manage possible
further water inflows.
Dr. Mark Sander, President and Chief Executive Officer of Mandalay, commented:
"Our Company is grateful to the community and our employees, the Chilean
government, SERNAGEOMIN, all emergency responders, military, police and local
government, as well as other mining companies, for the outpouring of support and
generous offers of help to us in this emergency. Mandalay is doing everything
possible to locate Jorge Sanchez and Enrique Ojeda, who were working in the
flooded section of the Delia NW mine. The presence of water and disturbed
material makes this effort extremely complicated. We will continue to deploy our
own resources as well as the resources coming from suppliers, contractors, other
mining companies, and government, while taking extraordinary care to proceed
safely during these unprecedented efforts. We are working diligently to keep the
families, employees, local community and the wider Chilean population informed
of our efforts in a timely way."
About Mandalay Resources Corporation:
Mandalay Resources is a Canadian-based natural resource company with producing
assets in Australia, Chile, and Sweden, and a development project in Chile. The
Company is focused on executing a roll-up strategy, creating critical mass by
aggregating advanced or in-production gold, copper, silver and antimony projects
in Australia, the Americas, and Europe to generate near-term cash flow and
shareholder value.
For Further Information:
Mark Sander
President and Chief Executive Officer
Greg DiTomaso
Director of Investor Relations
Contact:
+1.647.260.1566
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Mandalay Resources Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 15.06.2017 - 01:39 Uhr
Sprache: Deutsch
News-ID 548021
Anzahl Zeichen: 4135
contact information:
Town:
Toronto
Kategorie:
Business News
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