TORONTO, July 3, 2013 /CNW/ - Red Tiger Mining Inc., (TSXV-RMN), (the "Company") today reports that for the month of June 2013, its Luz
del Cobre Copper Mine produced 505 tonnes of COMEX Grade 1 copper, a
monthly record since its start-up in May 2012. The Company is also
pleased to confirm that as of July 1st, commercial production levels have been reached. The Company will begin
reporting revenues and cost of sales on the income statement from July
The Luz del Cobre is an open pit, heap leach, solvent extraction (SX),
electrowinning (EW) project, located in the State of Sonora, Mexico.
Dr. Thomas F. Utter, (Dr.phil.nat., Dipl.-Geol., registered European
Geologist), the Company's President and Chief Executive Officer, is a
Qualified Person under NI 43-101 and has reviewed and approved the
technical information in this press release.
Red Tiger is listed on the TSX Venture Exchange (symbol "RMN"). The number of shares outstanding is 97,848,557.
Forward looking information
Certain statements contained in this news release constitute
"forward-looking information" as such term is used in applicable
Canadian securities laws. Forward-looking information is based on
plans, expectations and estimates of management at the date the
information is provided and is subject to certain factors and
assumptions, including, that the Company's financial condition and
development plans do not change as a result of unforeseen events, that
the Company obtains regulatory approval, future metal prices and the
demand and market outlook for metals. Forward-looking information is
subject to a variety of risks and uncertainties and other factors that
could cause plans, estimates and actual results to vary materially from
those projected in such forward-looking information. Factors that could
cause the forward-looking information in this news release to change or
to be inaccurate include, but are not limited to, the risk that any of
the assumptions referred to prove not to be valid or reliable, that
occurrences such as those referred to above are realized and result in
delays, or cessation in planned work, that the Company's financial
condition and development plans change, delays in regulatory approval,
risks associated with the interpretation of data, the geology, grade
and continuity of mineral deposits, the possibility that results will
not be consistent with the Company's expectations, as well as the other
risks and uncertainties applicable to mineral exploration and
development activities and to the Company as set forth in the Company's
latest management discussion and analysis filed under the Company's
profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking
statements, other than as required by applicable law.
This news release does not constitute an offer to sell or solicitation
of an offer to sell any securities in the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within
the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable securities laws or an exemption from such
registration is available.
Neither the 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.
SOURCE: Red Tiger Mining Inc.
For further information:
Red Tiger Mining Inc.
20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada
Fax: 416 367 3638
Dr. Thomas Utter
President and CEO
Tel.: +1 52 662 311 8839
CFO and Secretary
Tel.: 416 637-1517 x 107