Copper King Mining Corporation Provides Mining Updates.MILFORD, Utah Milford is a city in Beaver County, Utah, United States. The population was 1,451 at the 2000 census. Milford Flat Wildfire
Lightning caused a massive wildfire to start near Milford at 3:45 p.m. -- Copper King Mining Corporation (Pink Sheets: CPRK CPRK Crowne Plaza Riverside Kuching (Malaysia) ), an ore mining, processing and exploration company located in southern Utah, today provided the updates concerning its mining operations at the Hidden Treasure open pit near Milford, Utah. Copper King commenced stripping the waste rock from its "Hidden Treasure Copper Skarn skarn In geology, a metamorphic zone developed in the contact area around igneous rock intrusions when carbonate sedimentary rocks are invaded by and replaced with chemical elements that originate from the igneous rock mass nearby. Ore Body" in June of 2007, removing approximately 2.2 million tons of such waste rock by drilling, blasting and excavation. Removal of the waste rock revealed the presence of some extreme unexpected and unknown high grade copper and silver ores, such as the important copper ore mineral bornite bornite Common copper-ore mineral, copper and iron sulfide (Cu5FeS4). Typical occurrences are found in Mount Lyell, Tasmania; Chile; Peru; and Butte, Mont. Bornite may form isometric crystals but occurs most commonly as irregular masses. , the beautiful crystal covellite co·vel·lite n. A lustrous indigo-blue mineral, CuS, an important ore of copper. [After Nicolò Covelli (1790-1829), Italian mineralogist.] , and the high yielding copper ore cuprite cu·prite n. A natural red secondary ore of copper, essentially Cu2O, that forms as a result of weathering. Noun 1. . For example, two samples from the ore zone showed the following: Sample #1 < < < < 44.6% copper Ag 19.26 oz. Sample #2 < < < < 51% copper Ag 28.00 oz Sample #1 represents 892 pounds of copper per ton of ore, compared to the expected grade of 1.8% copper or 36 pounds of copper per ton of ore. Sample #2 represents 1,020 pounds of copper per ton. The company believes that these samples may represent shoots or veins that occur between the drill holes on 50 foot centers. It is presently unknown how many tons of ore are available. However, even a small tonnage of these materials may substantially increase the pounds of available copper, the ounces of silver and the grade of the concentrate, all of which augment the value of the company's mining holdings and increase shareholder value. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Statements in this press release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements. For more information, visit Copper King's website at http://www.copperkingmining.com or contact Deborah Benson, at 801-232-1788. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion