Blue Pearl Retains Hatch For Feasibility Study on Molybdenum Project.TORONTO -- Blue Pearl Mining (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BLE)is pleased to announce that it has retained Hatch Ltd Hatch is a global multidisciplinary management, engineering and development consultancy. Its group companies have more than 7,400 staff in 80 offices on six continents. The company was founded in Toronto, Canada, by W.S. Atkins as W.S. Atkins & Associates in 1955. ., a leading Canadian-based global engineering firm, to complete a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. on its Davidson molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. deposit near Smithers Smithers is a surname, and may refer to: People People with the surname Smithers
Hatch will prepare the feasibility study incorporating a resource estimate being prepared by Snowden of Vancouver, B.C., environmental studies being conducted by Rescan Environmental Services Ltd. of Vancouver, B.C., and a mine plan being prepared by McIntosh Engineering Inc. of Tempe, Arizona. Hatch will also advise on ore transport options, review wastewater disposal alternatives, design and cost surface facilities, and complete a metallurgical review with recommendations for confirmatory metallurgical work. Blue Pearl was formed in early 2005 to develop the Davidson molybdenum deposit (formerly known as the Yorke-Hardy deposit). Based on a technical report compliant with National Instrument 43-101 and filed on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review , and using a cut-off grade of 0.2% MoS2, the Davidson property is estimated to contain a measured and indicated mineral resource of 83.0 million tons grading 0.295% MoS2 representing 293.5 million pounds of molybdenum (please refer to the Company's Material Change Report dated Jan. 26, 2005, and Technical Report dated February 16, 2005 and filed on SEDAR on March 7, 2005). The current quoted producer price for molybdenum is approximately US$39 per pound. Gary Giroux, P. Eng., is the independent qualified person in accordance with National Instrument 43-101 and has read and approved this news release. Blue Pearl currently has 23,320,000 shares issued and outstanding. On July 23, 2005, a further 16,960,382 shares will be issued pursuant to a financing that closed March 23, 2005, which raised total gross proceeds for the Company of $10 million. Shares outstanding: 23,320,000 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. Blue Pearl Mining Ltd. (TSX VENTURE:BLE) |
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