Centurion Mines brings production team to OK Copper Mine, Utah.SALT LAKE CITY--(BUSINESS WIRE)--June 6, 1996--Centurion Mines Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CTMC CTMC Canadian Tobacco Manufacturers' Council CTMC Continuous Time Markov Chain CTMC Classical Trajectory Monte Carlo CTMC Central Texas Medical Center (San Marcos, Texas) CTMC Communication Theory Mini-Conference ) announced Thursday that Rick Havenstrite will direct permitting, construction and copper production at the OK Mine, Utah (USA). Havenstrite has also accepted the position of vice president of operations for the company. Bill McCombs, a 20-year veteran of SX/EW operations has been assigned as assistant OK Mine manager. These highly experienced engineers will bring the OK Mine into production at the earliest possible time. Havenstrite has over 16 years mining experience and is an expert in SX/EW heap leaching Heap leaching is an industrial mining process to extract precious metals and copper compounds from ore. Process The mined ore is crushed into small chunks and heaped on an impermeable plastic and/or clay lined leach pad where it can be irrigated with a leach solution to . During the past four years Havenstrite managed Arimetco Inc.'s copper operations at Yerington, Nev., with McCombs as his process/construction superintendent. Under Havenstrite's guidance, the Yerington operation was a highly profitable electrolytic e·lec·tro·lyt·ic adj. 1. Of or relating to electrolysis. 2. Produced by electrolysis. 3. Of or relating to electrolytes. e·lec copper producer, with direct production costs of 65 cents per pound from low grade ore. During the past 60 days, Centurion has drilled 25 additional development holes at the OK Mine and has significantly increased previously announced reserves. Preliminary metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. tests were performed by Kappes, Cassiday and Associates, Reno, Nev. Results confirm OK Mine ores are suitable for acid leaching with over 50 percent copper recoverable during the first 10 days leach cycle, and low acid consumption. Centurion management estimates total copper recovery will be 70 percent to 80 percent. "The relatively high-grade ores at the OK Mine, combined with low acid consumption, low power costs and proximity to transportation facilities make this one of the best copper deposits in the U.S. for SX/EW recovery," said Havenstrite. "The drilling and trenching exploration program continues to be extremely successful in increasing mineable reserves. Permit regulatory review will likely be completed by the end of 1996, and copper production should commence in 1997." Solvent extraction/electrowinning (SX/EW) copper operations are generally accepted worldwide as being very environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] , and among the lowest cost producers of copper. The OK Mine is operated by Dotson Exploration Co. a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Centurion Mines Corp. Centurion management believes adding Havenstrite and McCombs to the Centurion team is an important step in the company's long term business plan to become a producing company. Centurion Mines Corp. is one of the largest holders of mining properties in the state of Utah. Centurion is engaged in the business of exploration development and mining of gold, silver, copper and other metals. -0- Centurion stock quotations are reported daily in The Wall Street Journal, NASDAQ Small Caps See Small capital issues as "CntMne." CONTACT: Centurion Mines Corp., Salt Lake City LaRoy Orr, 801/534-1120 |
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