Copper King Mining Corporation Provides Mill Construction Updates
Posted on: Tuesday, 6 May 2008, 12:00 CDT
Copper King Mining Corporation (Other OTC:CPRK.PK), an ore mining, processing, and exploration company located in southern Utah, today provided construction updates concerning its Flotation Processing Mill.
Copper King has received two semi truck trailer loads of GE transformers that were purchased at $0.30 on the dollar to build the new power substation for the Copper King Flotation Mill, which is nearing completion. Included are nine large 4160/480 transformers along with accompanying Stewart switches. Some smaller components remain to be purchased for the substation. Construction of the substation will be completed by Probst Electric, Copper King's power line contractor.
In mid 2007 Copper King's wholly owned mining and exploration subsidiary, Western Utah Copper Company, retained Hatch World Wide Mining consultants to provide technical assistance with respect to the mineral processing flow sheet. Pursuant to Hatch's recommendation, Copper King acquired a nearly new Hardringe 5 X 8, 100 HP Magnetite Regrind Mill. The large concrete footings are installed and the regrind mill has been delivered to Copper King's construction site. Installation is anticipated by May 10, 2008. Management anticipates mill completion and ore processing to begin by mid to late summer 2008.
The Magnetite Regrind Mill is expected to enhance the profitability of the magnetite for iron ore and other media iron products substantially. Without a regrind mill for reprocessing, the materiel would likely end up as waste product.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to 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.
Source: Business Wire
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