Apr 17 2013
EMED Mining, the Europe-based minerals development and exploration company, is pleased to report to shareholders that the Andalucian Government has conducted the public comment period for the proposed recognition of Class B Resources at the Rio Tinto Copper Project.
Class B Resources pertain to the potentially recoverable metal content of waste materials resulting from previous operations when over 1.7million tonnes of copper, 3.4 million ounces of gold and 57 million ounces of silver were recovered. Of particular interest to the Company is to commence the feasibility for the recovery of silver and gold from a section of the tailings deposit (the “Gossan Dam”) in joint venture with Andalucian investment group Rumbo 5.Cero.
The public comment period yielded only one negative comment, which raised nothing of a material nature that had not already been taken into account in the Company’s plans.
Harry Anagnostaras-Adams, Managing Director and CEO of EMED Mining, commented:
“The tailings recycling joint venture is an important project not only for its potential economic value but also because it can play an important role in the environmental management of the tailings deposit and in maximising its holding capacity.
“Whilst our immediate focus is on the restart of the Cerro Colorado Open Pit, our plan is to extend project life and annual production by targeting to expand the open pit, restart the underground mines, recycle precious metal in the tailings deposit and explore our ancillary tenements.”
“The various elements of our plans are now starting to fall into place in a complementary pattern after extensive consultation with the authorities.”
For more information please contact:
EMED Mining - Harry Anagnostaras-Adams - +357 9945 7843
RFC Ambrian - Stuart Laing - +61 8 9480 2500
Fox-Davies Capital - Simon Leathers/Susan Walker - +44 203 463 5022
Bishopsgate Communications - Nick Rome - +44 207 562 3350
Proconsul Capital - Andreas Curkovic - +1 416 577 9927