EPM Mining announces conference call to present highlights of the Preliminary Economic Assessment for its Sevier Dry Lake Potash project
TORONTO, Oct. 15, 2012 /CNW/ - EPM Mining Ventures Inc. (EPK.V) ("EPM" or the "Company") announced a conference call to present the economic highlights that were announced earlier today of the National Instrument 43-101 ("NI 43-101") Preliminary Economic Assessment ("PEA") for the production of Sulfate of Potash ("SOP") from its Sevier Dry Lake Potash project located in southwestern Utah. The PEA was prepared by March Consulting Associates Inc. ("March") and CH2M HILL in association with Norwest Corporation ("Norwest").
The conference call for investors and analysts will be held at 10:00 a.m. (Eastern Time) on Tuesday, October 16, 2012.
|Live Conference Call Information:|
|Participant Dial-In Number(s):|
|Operator Assisted Toll-Free Dial-In Number: (888) 231-8191|
|Recorded Play-Back of the Call:|
|Encore Toll Free Dial-in Number: 855-859-2056|
|Encore Password: 46603882|
|Encore Dates: 16/10/2012 13:00 ET through 23/10/2012 23:59 ET|
About EPM Mining Ventures
EPM, through its wholly owned subsidiary Peak Minerals Inc., controls directly or through agreement, mineral leases on more than 124,000 acres on the Sevier Dry Lake property in Millard County, Utah. EPM is targeting the future development and production of Sulfate of Potash (SOP), a premium priced fertilizer used with special crops and soil types, through a cost-effective solar evaporation methodology. The Company is currently engaged in engineering and chemical analysis designed to support the completion of a feasibility study.
For more information on the Company, please visit our web site at www.epmmining.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements related to activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation; statements related to the Company's release of the PEA Technical Report; the economic analysis; the Feasibility Study; the permitting process; environmental assessments; business strategy; objectives and goals; and exploration of the Sevier Lake project. Forward-looking information is often identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is based on a number of factors and assumptions made by management and considered reasonable at the time such information is provided. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking information. The PEA is, by definition, preliminary in nature and should be considered speculative. It is based upon a flow-sheet that may change, which would impact all costs and estimates. Operating Costs for the project were based upon assumptions including energy cost, water cost, labor, and other variables that are likely to change. Capital Costs were based upon a list of equipment thought to be necessary for production. Changes in estimated costs to acquire, construct, install, or operate the equipment may adversely impact project economics. Among other factors, the Company's inability to complete further NI 43-101 resource estimates; the inability to complete the PEA or Feasibility Study; changes to the economic analysis; the failure to obtain necessary permits to explore and develop the Sevier Lake project; environmental issues or delays; inability to successfully complete additional drilling at the Sevier Lake project; factors disclosed in the Company's current Management's Discussion and Analysis; as well as information contained in other public disclosure documents available on SEDAR at www.sedar.com may adversely impact the project. Although EPM has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding the Company's plan, objectives, and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. EPM does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE: EPM Mining Ventures Inc.For further information:
Chief Executive Officer
(416) 815-0700 ext. 267