VANCOUVER, July 2 /CNW/ - Dick Whittington, President and CEO of Farallon
Mining Ltd. ("Farallon" or the "Company") (TSX:FAN) is pleased to announce
that Farallon has shipped 4,398.94 wet metric tonnes of zinc concentrate to
the Teck Metals Ltd. smelter in Trail, B.C. This is the first shipment of zinc
concentrate from the G-9 Mine in Mexico to a smelter in North America.
This shipment of concentrate was loaded at the Port of Manzanillo, Mexico
on June 15, 2009 and sailed for Vancouver, B.C. on June 17, 2009. The vessel
"Global Pioneer" arrived at Vancouver Wharves on June 27, 2009 at which time
unloading of the vessel commenced through Vancouver Wharves. The final
destination of this parcel of zinc concentrate will be the Teck smelter in
Trail, B.C.
For photos of the unloading of the G-9 concentrates at Vancouver Wharves,
please follow the link below to view:
http://www.farallonmining.com/i/fan/photo--galleryjuly2009/index.html
President and CEO Dick Whittington stated "This further establishes
Farallon as an international producer of mineral concentrates. Coupled with
our earlier shipments to Asian smelters, this delivery of concentrates opens
up another customer for our products, which are being well-received in
international markets. Both our off-taker, Trafigura Beheer BV Amsterdam, and
our Manager, Marketing for mineral concentrates, Mr. Tomas Alba, have been
doing an excellent job of placing Farallon's products in various smelters
globally. We look forward to continued success as we continue to deliver
concentrates into the future."
Farallon's G-9 zinc, copper, silver, gold and lead mine at the Campo
Morado Property in Mexico reached commercial production in April 2009. The
Company expects to produce at an annualized production rate of 120 million
pounds of zinc and 15 million pounds of copper for the remainder of 2009.ON BEHALF OF THE BOARD OF DIRECTORS
J.R.H. (Dick) Whittington
President & CEO
No regulatory authority has approved or disapproved the information
contained in this news releaseForward Looking Information
This release includes certain statements that may be deemed
"forward-looking statements." All statements in this release, other than
statements of historical facts, that address future production, reserve or
resource potential, continuity of mineralization, exploration drilling,
operational activities, production rates, costs to completion and events or
developments that the Company expects are forward-looking statements. Although
the Company believes that the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward looking statements and may require
achievement of a number of operational, technical, economic, financial and
legal objectives. The likelihood of continued future mining at Campo Morado is
subject to a large number of risks, including obtaining lower than expected
grades and quantities of mineralization and resources, lower than expected
mill recovery rates and mining rates, changes in and the effect of government
policies with respect to mineral exploration and exploitation, the possibility
of local disputes including blockades of the company's property, the
possibility of adverse developments in the financial markets generally,
fluctuations in the prices of zinc, gold, silver, copper and lead, obtaining
additional mining and construction permits, preparation of all necessary
engineering for ongoing underground and processing facilities as well as
receipt of additional financing to fund mine construction, development and
operation, if needed. Such funding may not be available to the Company on
acceptable terms or on any terms at all. There is no known ore at Campo Morado
and there is no assurance that the mineralization at Campo Morado will ever be
classified as ore. For more information on the Company and the risk factors
inherent in its business, investors should review the Company's Annual
Information Form at www.sedar.com.
For further information: on Farallon Mining Ltd., please visit the
Company's website at www.farallonmining.com or contact Neil MacRae, Investor
Relations Manager, at (604) 638-2160 or within North America at
1-800-667-2114
