Shares outstanding: 287 Million
Symbol & Exchange: BN-TSXV
MONTREAL, Oct. 18 /CNW Telbec/ - Blue Note Mining reports that its first
shipment of zinc concentrate has been shipped from the port of Belledune, New
Brunswick on October 17, 2007. This first shipment of approximately
5,600 metric tonnes of concentrate is enroute to Antwerp, Belgium.
"We are pleased to be able to report delivery of this quantity of zinc
concentrate this early in our ramp-up phase," said John Martin, Chief
Operating Officer of Blue Note, "We have now successfully delivered both lead
and zinc concentrates to our customers. Mine and mill operations are
stabilizing and metallurgical performance is continuously improving. We expect
to be meeting our planned production and metallurgical performance targets by
Blue Note recently announced that it had customers for all of its lead
concentrate and 85% of its zinc concentrate. "We are benefiting handsomely
from record lead prices as lead accounts for roughly half of our total
production," said Michael Judson, Blue Note's President and Chief Executive
Blue Note Mining is a Canadian mining company headquartered in Montreal
with operations in Bathurst, New Brunswick. The company's shares trade on the
TSX Venture Exchange under the symbol BN.
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that involve
risks and uncertainties. Although the company believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be achieved.
Factors that could cause actual results to differ materially from expectations
include the effects of general economic conditions, actions by government
authorities, uncertainties associated with contract negotiations, additional
financing requirements, market acceptance of the Company's products and
competitive pressures. These factors and others are more fully discussed in
Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
For further information:
For further information: LORNE WOODS, VICE PRESIDENT INVESTOR RELATIONS,
BLUE NOTE MINING, (800) 937-3095, firstname.lastname@example.org;