Orbite Receives Authorization From the Ministere des Ressources naturelles et de la Faune to Extract 3,000 Tonnes of Aluminous Clay
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 09/22/11 -- In yet another milestone supporting Exploration Orbite's (TSX VENTURE: ORT.A) Cap-Chat operations, the Company is pleased to announce that it has obtained authorization from Quebec's Ministere des Ressources naturelles et de la Faune to extract a large bulk sample of up to 3,000 tonnes of aluminous clay over the next 12 months from its Grande-Vallee site in Quebec.
The recent authorization allows Orbite to extract sufficient quantities of mineral substances from its deposit for ongoing and expanded testing under its unique patented process. It also authorizes Orbite to build the required sample product inventory needed to satisfy aluminum industry demand, as well as demand from potential High Purity Alumina (HPA) customers expected in coming months.
"This authorization aligns perfectly with our stated objective of commercializing our products and providing material for prospective customers to evaluate. We are progressing diligently, as planned, and remain on schedule," affirms Richard Boudreault, President and CEO of Orbite.
In parallel with this milestone, Dr. Hubert Dumont has joined Orbite as Director - High Purity Alumina and will help finalize the HPA production phase for the Cap-Chat facility. Dr. Dumont holds a doctorate degree in physical chemistry complemented with more than 15 years' experience in product and technology development in the metallurgical/chemical industry. Additionally, Dr. Dumont is a certified Project Management Professional (PMP) and has been involved within extraction and purification processes with Cameco Corporation (a gold and uranium mining company) and with controlled manufacturing environment and procedures within the pharmaceutical industry. "I am thrilled to play an integral role in the conversion of Orbite's pilot plant to major HPA production facility. I envision immense potential for the realization of this objective," said Dr. Dumont.
About Orbite
Orbite (pronounced Orbit) owns 100% of the exclusive mining rights on a 6,441-hectare Grande-Vallee property, the site of an aluminous clay deposit located 32 km northeast of Murdochville, and a 28,000 sq. ft. at scale pilot facility in Cap Chat, both in the Gaspe region. The latest NI 43-101 report issued has identified an Indicated Resource of about 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries.
Orbite continually focuses on thinking outside the Bauxite
Regulation 43-101 and forward-looking statements
The information and the analyses contained therein do not constitute a "preliminary feasibility study", a "pre-feasibility study", a "feasibility study" or a "preliminary economic assessment" within the meaning of Regulation 43-101 respecting standards of disclosure for mineral projects (Quebec) ("Regulation 43-101"). No preliminary feasibility study, pre-feasibility study or feasibility study pursuant to the requirements of Regulation 43-101 has been completed to date.
Such information and forward-looking statements are based on information available at the time and/or Exploration Orbite's management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation's control. These risks, uncertainties and assumptions include, but are not limited to those described in the section of the Annual Information Form entitled "Risk Factors", and could cause actual events or results to differ materially from those projected in any forward-looking statements.
To learn more about the Grande-Vallee property and the activities of the Corporation, Exploration Orbite invites readers to consult the Report on the Geological Study prepared in conformity with Regulation 43-101 and the Annual Information Form of the Corporation, both amended and restated and respectively filed on August 21 and 25, 2011 and are available at or on the Corporation's website at . The resulting technical report in no way alters technical and mineral disclosure or conclusions provided in the initial report.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Datum: 22.09.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 68593
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MONTREAL, QUEBEC
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Mining & Metals
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