THEMAC Resources Group Engages M3 Engineering for Pre-Feasibility Study at Copper Flat Mine
15 Julho 2011 - 10:00AM
Marketwired
THEMAC Resources Group Limited (TSX VENTURE: MAC) ("THEMAC" or "the
Company") is pleased to announce that, on June 29, 2011, the
Company selected Tucson-based M3 Engineering and Technology
Corporation to complete the pre-feasibility study for its Copper
Flat Project. M3 is a full-service design firm specializing in
architecture, engineering and construction management, and has 24
years of mining experience.
The pre-feasibility study will be Canadian Securities
Administrators (CSA) National Instrument 43-101 (NI 43-101)
compliant and is expected to be completed in December 2011.
M3 Engineering will be the primary study provider and report
author, with input by Independent Mining Consultants; Golder and
Associates; Parametrix; Intera; Shomaker and Associates, and
SRK-Reno.
The pre-feasibility study will reflect the additional benefits
of inclusion of gold and silver recoveries identified from an
on-going pulp re-assay program overseen by SRK-Vancouver.
"We much look forward to refining our cost estimates and
providing further evidence of the project's overall economic
robustness," said Barrett Sleeman, CEO of THEMAC Resources
Group.
About the Copper Flat Project
Copper Flat is a former producing mine located approximately 20
miles southwest of Truth or Consequences in Sierra County, State of
New Mexico, USA. Permitting for a return of the project to
production is at an advanced stage, and a pre-feasibility study is
in progress and targeted for completion during 2011.
The Copper Flat project is a porphyry
copper-molybdenum-gold-silver deposit. The deposit has NI 43-101
Indicated Mineral Resources of 107 million short tons grading
0.303% copper and 0.01% molybdenum for 645 million lbs copper and
21.4 million lbs molybdenum, plus Inferred Mineral Resources of 46
million short tons grading 0.24% copper and 0.006% molybdenum for
222 million lbs copper and 5.6 million lbs molybdenum.
The gold and silver content of the deposit is evidenced by
historic production and metallurgical test work, and gold and
silver are targeted for incorporation into the deposit's NI 43-101
Mineral Resource statement following completion and interpretation
of a re-assay program using historic drill pulps.
An NI 43-101 Preliminary Economic Assessment ("PEA") dated June
30, 2010 and updated February 25, 2011 has been completed for
Copper Flat and can be viewed on SEDAR.
Civil infrastructure in place at Copper Flat includes a tailings
dam, largely pre-stripped open pit, power lines, water well field
and pipeline, access roads, diversion channels and building
foundations. The project land package comprises in excess of 1,200
hectares. For more information visit www.nmcopper.com.
About THEMAC Resources Group Limited
THEMAC is a copper development company with a strong management
team and as of May 18, 2011, a 100% ownership interest in the
Copper Flat copper-molybdenum-gold-silver project in New Mexico,
USA. We are committed to bringing the closed copper mine, Copper
Flat, in Sierra County, New Mexico back into production with
innovation and a sustainable approach to mining development and
production, local economic opportunities and the best reclamation
practices for our unique environment. The Company is listed on the
TSX Venture Exchange (ticker: MAC) and has issued share capital of
74,117,622 common shares (fully diluted share capital
134,523,241).
For more information please visit www.themacresourcesgroup.com
or review the Company's filings on SEDAR (www.sedar.com).
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) has reviewed, nor do they accept responsibility for the
adequacy or accuracy of, this release.
Contacts: THEMAC Resources Group Limited Barrett Sleeman, P.Eng.
Chief Executive Officer (505) 274-1638 (604) 806-6112 (FAX)
www.themacresourcesgroup.com
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