Raven Gold Corp. Announces Today the First Load of Concentrate Totalling Approximately 10 Tonnes Has Been Delivered to the Smelter in Torreon.
Posted on: Tuesday, 26 June 2007, 09:14 CDT
LAS VEGAS, NV, June 26 /PRNewswire-FirstCall/ -- Raven Gold Corp. (OTCBB: RVNG) (the "Company"), is pleased to announce that subsequent to the La Currita mill upgrades being completed, the first load of concentrate totalling approximately 10 tonnes has been delivered to the smelter in Torreon with payments expected to begin in approximately 30 days.
Blair Naughty, President of Raven Gold Corp. commented that, "We are extremely pleased now that production has commenced at La Currita, and we look forward to the upcoming exploration program."
About La Currita
The La Currita Groupings includes 4 mines, a 300 ton/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. A diamond drilling exploration program conducted in 1998 indicated grades of 2.59 g/t Au and 200 g/t Ag. Existing mines and mineralized structures hold potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous mines and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo recently merged with Coeur d'Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating the world's leading primary silver producer. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold's El Sauzal gold mine and 40 miles to the North is Gammon Lake Resource's Ocampo Gold-Silver Project with a projected 270,000 gold-equivalent ounces/year.
About Raven Gold Corp.
Raven Gold Corp. is an international gold mining company, with exploration and development projects. Raven's mandate is to initiate an aggressive acquisition policy, focusing on under-explored to advanced stage exploration gold deposits in North and South American Countries. Raven is focused on becoming a low cost gold producer.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Raven Gold Corp. Investor Relations: 1-877-31-RAVEN (1-877-317-2836), Email: ir@ravengold.com, Website: http://www.ravengold.com/
Raven Gold Corp.
CONTACT: Raven Gold Corp. Investor Relations: 1-877-31-RAVEN(1-877-317-2836), Email: ir@ravengold.com, Website: http://www.ravengold.com/
Source: PRNewswire-FirstCall
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