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The Bawana Extension Project lies east of the Copper Ranch Project area. Substantial copper, gold and silver concentrate similar to that being made at present by the Company from its mill was produced from the adjoining Bawana mine during the period 1961 - 1966. On-going drilling is being conducted using two reverse circulation drill rigs owned by the Company, and the mineralization appears to be open in multiple directions.
The Company is also making plans to open underground operations at its Eagle mine located near the Comet Breccia, on the western end of its mineral holdings. The Company expects that additional high grade gold, silver and copper ores will help boost the mill feed gold and sulfur content.
SELECTED DRILL HOLE INTERVALS
HOLE INTERVAL AND PERCENT COPPER
ABAW 24 5 TO 10 FEET 2.0%
10 TO 15 FEET 2.6%
15 TO 20 FEET 1.8%
ABAW 25 15 TO 20 FEET 3.0%
20 TO 25 FEET 1.8%
25 TO 30 FEET 1.3%
75 TO 80 FEET 5.66%
ABAW 26 65 TO 70 FEET 3.8%
70 TO 75 FEET 4.0%
75 TO 80 FEET 3.8%
ABAW 27 75 TO 80 FEET 1.4%
80 TO 85 FEET 1.7%
85 TO 90 FEET 3.7%
90 TO 95 FEET 4.8%
95 TO 100 FEET 2.0%
ABAW 28 40 TO 45 FEET 11.84%
45 TO 50 FEET 3.4%
50 TO 55 FEET 1.7%
60 TO 65 FEET 1.2%
ABAW 30 45 TO 50 FEET 4.9%
50 TO 55 FEET 1.9%
"We are excited to report the drilling and discovery of additional, shallow high-grade mineralization so close to our mill and so accessible at the extension of the Bawana pit," said Mark D. Dotson, President and CEO of Copper King. "We believe that the ongoing drilling, together with ramping up production at the mill, will add to our strength and provide additional growth for the Company. Drilling at the Bawana Extension and opening up operations at the Eagle mine represent the continuation of the Company's plan to methodically explore and exploit its mining claims in the large area in the Milford Mineral Belt while ramping up production at the mill. Our plan is to continue to explore the upside potential of the entire Milford District."
About Copper King
Copper King controls over 59,000 acres of advanced-stage and development-stage mineralized acreage in Western Beaver County, Utah. The Company is ramping up production at a 5,000 ton per day capacity flotation mill for processing high-grade ores from its Hidden Treasure copper-gold-silver mine and other controlled properties under its control. Copper King is led by an experienced management team focused on exploration and production using traditional and new technologies.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to commence production, our plans to drill or our drilling results to fail to materialize: general world economic conditions; availability of capital; unfavorable geologic conditions; the complexity of exploration and production; prevailing prices for commodities, and general regional economic conditions. Copper King assumes no obligation to update the information contained in this press release.
Contact Investor Relations: Charles A. Moskowitz 617-633-2259 Email Contact
SOURCE: Copper King Mining
http://www2.marketwire.com/mw/emailprcntct?id=B0797B5D5F97BE38
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