VANCOUVER, Oct. 2 /CNW/ - CMC Metals Ltd. (the "Company") is pleased to
announce that it has received confirmation that the Silver Hart Mine
Application has been deemed complete by the Yukon Environmental Socio-economic
Assessment Board (YESAB). This is a significant milestone for the approval
process at the Silver Hart Mine project. President and CEO of the Company
commented "We are very pleased to see the application deemed complete. We can
now focus our efforts to ensure the Silver Hart Mine development comes to
fruition by implementing our project management plans. With CMC's business
philosophy focused on developing high grade silver and base metal deposits
such as the Silver Hart Mine project, this will provide a significant
opportunity to investors looking at managing their risk exposure during these
difficult market conditions." The application was deemed complete August 28th,
2008 which requires YESAB to present project recommendations in a Decision
Document to the Yukon Government (YG) by October 28th, 2009. YG can than issue
development permits to construct the mine and mill infrastructure after
receiving the Decision Document. A Class B Water license will be applied for
the milling operation upon receipt of the YESAB Decision Document. Based on
current approval schedules, mill commissioning and full production could take
place as soon as mid 2009.
This news release was prepared on behalf of the Board of Directors, which
accepts full responsibility for its contents. The technical information herein
has been prepared in accordance with the Canadian regulatory requirements set
out in National Instrument 43-101 and reviewed by Donald Wedman, P.Eng.,
President and Chief Executive Officer for CMC Metals Ltd., a qualified person
under National Instrument 43-101.
On behalf of the Board:
Don Wedman, P.Eng.
CMC METALS LTD.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: CMC METALS LTD., Suite 305 - 369 Terminal
Avenue, Vancouver, B.C., V6A 4C4, Phone (604) 605-0166, Fax (604) 692-0117,
Email: email@example.com, Website: www.cmcmetals.ca