Copper King Mining Corporation Provides Mining Updates
Copper King Mining Corporation (Pink Sheets: CPRK), 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 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, the beautiful crystal covellite, and the high yielding copper ore cuprite. 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” 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.
For more information, visit Copper King’s website at http://www.copperkingmining.com or contact Deborah Benson, at 801-232-1788.