Shares Outstanding; 363 Million
Symbol & Exchange: BN-TSX
MONTREAL, Sept. 9 /CNW Telbec/ - Blue Note Mining's Caribou zinc-lead
mine, located near Bathurst, New Brunswick, continues to hit new production
milestones. Ore milled in August was 93,172.1 tonnes (3005 tonnes per day) or
100.2% of design plant capacity.
Lead recovery in August was 70.4% and zinc recovery was 83.4% in August.
On 9 days in August the lead recovery exceeded 75% and on 6 days the zinc
recovery exceeded 85%
Correspondingly, in terms of concentrate grades, Caribou achieved a zinc
concentrate grade of 50.1% and a lead concentrate grade of 42.3%. Metal in
concentrate production for the month was 5,298,539 lbs of lead, 10,535,766 lbs
of zinc and 2818 kgms of silver. Since commercial production was declared on
January 1st of this year, production performance has continuously improved on
a month after month basis.
"Operationally, things couldn't be going better" said Blue Note's Chief
Operating Officer, John Martin.
John Martin, Chief Operating Officer, Blue Note Mines Inc. is a Qualified
Person and has reviewed the technical information contained in this press
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 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 does not accept responsibility for the adequacy or accuracy of
this news release.
For further information:
For further information: Glenn Massad, Director of communications, Blue
Note Mining, (800) 937-3095, firstname.lastname@example.org; www.bluenotemining.ca