Shares Outstanding; 363 Million
Symbol & Exchange: BN-TSX
MONTREAL, June 4 /CNW Telbec/ - Blue Note Mining Inc. reports its Caribou
zinc-lead mine is continuing to generate positive results.
In May, the Caribou and Restigouche mines established a new record for
ore mined with 95,298 tonnes or 103% of planned production achieved.
Mill performance also continued its positive trend with mill throughput
reaching a new record at 91% of plant capacity or 2724 tonnes per day.
Lead concentrate production exceeded plan and the lead contained in the
lead concentrate at 2095 tonnes exceeded plan by 2%. Lead recovery was
essentially on target and during nine days of the month exceeded 70%.
New records were established for zinc recovery and zinc concentrate
grade. The concentrate grade was 51% zinc and the zinc recovery for the month
was 76.3%. During nine days in May, the zinc recovery exceeded 80%.
During the last five days of May, the mill throughput achieved
3180 tonnes per day, the lead recovery was 70.4% and the zinc recovery was
"This trend towards better production and metallurgical performance is
expected to continue," said Chief Operating Officer, John Martin.
Exploration activities are continuing on the Caribou and Restigouche
mining leases and on the nearby exploration claims held by Blue Note.
Exploration work in the mines is focused on converting the resources into
A surface exploration program, which includes the use of the breakthrough
Titan 24 geophysical survey technology, is underway to help identify new drill
targets. Blue Note reports that a detailed update on exploration activity will
be issued before the end of the second quarter.
John Martin, Chief Operating Officer of Blue Note Mining Inc. is a
Qualified Person and has reviewed the technical information contained in this
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 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 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,