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Press Release Excerpts
Mid
2008 |
NovaGold Rock Creek Project, Seward Peninsula, Alaska, USA
Canadian mining company NovaGlod Resources Inc will make the transition from explorer/developer to producer when it achieves first gold production in mid-2008 from its Rock Creek project near the town of Nome, Alaska.
The project entails the development of two open-pit mining operations - Rock Creek and Big Hurrah - which will be the first modern, open-pit hardrock mines on the Seward Peninsula, producing an estimated 100,00oz of gold annually. Ore from Big Hurrah, which is forecast to come online in 2009, will be trucked to the Rock Creek processing facilities.
NovaGold holds title to mining claims covering about 5,700ha in the area after acquiring Alaska Gold Company in 1999. The projects are situated partially on land wholly owned by AGC and partially on Native Alaskan land. NovaGold has an exploration and mining lease with the Bering Straits Corporation and a surface use agreement with the Sitnasuak Native Corporation.
PRODUCTION
NovaGold plans to develop the Rock Creek mine as part of an integrated operation that includes Rock Creek, Big Hurrah and, later, the nearby Nome Gold deposit - the three of which constitute the company's Nome Operations.
Rock Creek has been designed as a 7,000t/day conventional open-pit year-round operation, producting about 100,000oz of gold a year at estimated total cash costs of $467/oz. Ore from Big Hurrah will be trucked in during the summer months to augment the mill feed - in a typical year, 87% of the ore will come from the Rock Creek pit, the rest from Big Hurrah.
eDetailed design and engineering for the mill facility has been carried out by Samuel Engineering, Inc. of the US; it also provided assistance in procurement and logistics during construction. Smith Williams Consultants Inc, also of the US, is providing detailed design for the tailings facility.
NovaGold's Rock Creek project is set to produce an estimated 100,000oz of gold per year.
Rock Creek has been designed as a 7,000t/day conventional open-pit year-round operation..
Detailed design and engineering for the mill facility has been carried out by Samuel Engineering, Inc. of the US. |
July
2008 |
BEAR CREEK FINALIZES PREFEASIBILITY STUDY CONTRACTS
Vancouver, B.C. - Bear Creek Mining (TSX Venture:BCM) ("Bear Creek" or the "Company") is pleased to announce that contracts were awarded to Samuel Engineering, Denver, Colorado and Vector Engineering, Lima, Peru for the Pre-feasibility Study on its Corani silver-base metals deposit located in southeastern Peru. The study is expected to be completed at year-end 2008. |
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May
2008
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Detailed Design and Procurement of Idaho Cobalt Project Mine & Concentrator 65% Complete
Vancouver, B.C., May 01, 2008 Formation Capital Corporation (FCO-TSX) has been provided an update by its wholly owned subsidiary, Formation Capital Corporation, U.S. ("the Company") regarding the Engineering and Procurement status of its 100% owned Idaho Cobalt Project (ICP) located near Salmon, ID.
On July 31, 2007 the Company announced the results of a positive feasibility study on the ICP with a recommendation from Samuel Engineering, Inc. (Samuel) to continue with the detailed engineering of the project as well as the ordering of certain long lead equipment items. This process is well underway and to date is not showing any escalation in the capital costs from those reported in the July feasibility study. Engineering and Procurement for the ICP is being conducted by Samuel with Construction Management under the joint direction of Samuel and MTB Project Management Professionals, Inc. (MTB). In addition civil design for roads etc, is being conducted by Telesto Solutions, Inc. (Telesto).
Samuel is reporting detailed design, engineering and procurement for the Surface Facilities is 65% complete as at the end of March 2008. Completion of work is pending receipt of vendor information for purchased equipment. Surface facilities include:
~Aerial tramway to haul ore and waste from the mine to the process facilities
~Mine dewatering sump pump and pipeline
~Underground mine electrical distribution
~Ore and waste rock stockpile area
~Crushing and screening plant including metal building enclosure
~Fine ore conveying and storage
~Flotation concentrator and metal building enclosure containing: grinding and classification circuits, rougher and cleaner flotation, concentrate handling, filtration and packaging, tailings thickening and filtration, tailings backfill plant including paste delivery system to the mine and instrumentation and control
~Ancillary facilities
~Civil engineering design for the above
Samuel is also reporting that all of the major equipment, with the exception of the tailings filter and paste system, has been purchased. The remaining items are out to bid or recommended for purchase and are under review for approval for purchase by the Company. Major packages recommended for purchase or purchased and in fabrication include:
~Aerial tramway system
~Mine dewatering sump pump
~Crushing and screening building
~Crushing and screening plant
~Concentrator building
~Fine ore bin
~Grinding mill
~Flotation cells
~Tailings thickener
~Concentrate filter
At the Company's hydrometallurgical facility near Kellogg, Idaho, considerable time has been spent to date optimizing the process and evaluating equipment selection. The result of this work has been a simplification of the process and a reduction in capital cost. This work is now substantially complete. Samuel is reporting ongoing engineering tasks are 15% - 20% complete. Design specifications for the equipment are underway and approval of final design has been issued on many items.
~Detailed design of the facilities include:
~Design for new equipment in the existing building
~Cobalt recovery building structure
~Concentrate leaching using nitrogen species catalyzed pressure oxidation leach
~Heat recovery systems
~Copper solvent extraction and electro-winning
~Cobalt solution purification using nickel ion exchange, zinc solvent extraction and precipitation and filtration circuits
~Cobalt electro-winning
~Cobalt metal handling and packaging
~By product purification and handling
~Reagent storage and preparation
~Utilities and services
~Electrical power distribution
~Instrumentation and control
~Process metallurgical design
~Procurement services for the above
Management is pleased with the progress of the engineering and procurement of the ICP and hydrometallurgical facility and anticipates the project will stay on the feasibility study budget. MTB continues to work closely with the Company's technical team and Samuel to ensure the timely advancement of the project.
Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.
Formation Capital Corporation
"Mari-Ann Green"
Mari-Ann Green,
C.E.O.
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January
2007
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"Copper Fox announces the appointments of Samuel
Engineering, Inc. and Associated Geosciences Ltd. to assist with the development of its Schaft Creek BC Mineral Deposit"
Calgary, Alberta-December 20, 2006 - Copper Fox Metals Inc . ("Copper Fox" or the "Company"), (TSX-V: CUU) is pleased to announce the appointment of Samuel
Engineering Inc. to perform pre-feasibility study level
engineering services to assist the Company with its plans
to fast track the development of the world class copper/gold/molybdenum
mineral deposit located at Schaft Creek in north western British
Columbia.
For
further information please contact Jason Shepherd investor
relations toll free at telephone 1 866 913 1910, Email investor@copperfoxmetals.com
or visit our web site at http://www.copperfoxmetals.com
.
ON
BEHALF OF THE BOARD OF DIRECTORS
Guillermo
Salazar S., P. Geol.
President and CEO |
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October
2006
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Idaho
Cobalt Project Feasibility Study Advancing Toward Completion
Vancouver, B.C., October 12, 2006 - Formation Capital Corporation (the "Company", FCO-TSX,)
announced today that it's wholly owned subsidiary Formation
Capital Corporation U.S. (FCC) has replaced Hatch Ltd. with
Samuel Engineering,
Inc., of Denver
, to complete the bankable
feasibility study on its 100% owned Idaho Cobalt Project (ICP).
The completion of the study will remain under the continuing
oversight of MTB Project Management Professionals, Inc., of
Denver ,
and FCC's technical staff.
Samuel
Engineering, Inc. (SE) is a multi-discipline, high performance team of over 90 engineering and design professionals who have worked together for the past 20 years on world class mining projects ranging in size from $15 million to $600 million.
The
bankable feasibility study is defined as a comprehensive engineering
document designed to evaluate, among other things, the economic
parameters of the deposit to the satisfaction of financiers
for the purpose of securing funds for mine development. The
Qualified Person working directly on the feasibility study
is Mr. Mike Irish, Manager of Metallurgy, P. Eng., M.S. Met.
Eng.
Formation
Capital Corporation
"Mari-Ann Green"
Mari-Ann
Green
Chairman
and C.E.O.
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