VANCOUVER, July 23 /CNW/ - EMC Metals Corp. (the "Company" or "EMC") (TSX: EMC) announced today the resignation of William M. Sheriff from the board of directors of EMC Metals Corp. Mr. Sheriff is currently the CEO of Golden Predator Corp. ("GPD") and also serves as Chairman of Silver Predator Corp. and Copper Ridge Explorations Inc. Mr. Sheriff is resigning this board position to concentrate on significant GPD exploration programs and other business commitments, although Mr. Sheriff will continue to provide advisory support to the Company.
Mr. William B. Harris, Chairman of EMC commented as follows:
"The EMC Board wishes to thank Bill Sheriff for his significant contributions to the Company over the last four years. Bill took on the CEO and board chairman's role for this Company back in mid-2006, and successfully guided the Company through a successful divestiture of its parent company's uranium properties and assets to Uranium One in 2007, and subsequently, the successful spin-out of noble metals and assets into Golden Predator Corp. in 2009. Bill has helped us chart a new course for EMC and we wish him every success in his focused efforts on GPD and its Yukon exploration programs. Bill intends to remain an adviser to EMC, and we value his continued support and guidance to EMC in that capacity as well."
About EMC Metals
EMC Metals is focused on application of its in-house and patented mineral recovery technologies to deliver value in specialty metal and rare earth projects. EMC's high priority development opportunity is the Nyngan Scandium Joint Venture with Jervois Mining Ltd. of Melbourne, Australia. The Company released results of its first National Instrument ("NI") 43-101 resource estimate for the Nyngan Scandium Project in March 2010, announcing a measured and indicated resource of 12 million tonnes, grading 261ppm Sc, based on a cut-off grade of 100ppm Sc (NI43-101 Technical Report on Nyngan Scandium, Jervois Mining Limited, Nyngan, New South Wales, Australia, March 25, 2010). The Company is currently doing metallurgical test-work on the Nyngan resource material, to define and refine flow sheet studies, recovery estimates and capital cost estimates for the project.
EMC also holds two tungsten assets; the Springer Tungsten property in Nevada, USA and the Fostung Tungsten project in Ontario, Canada. Both tungsten assets have NI 43-101 compliant resource estimates, and the full reports are available on the Company website and on SEDAR. The Springer tungsten asset is a fully permitted, established underground mine and milling facility with a 1,200tpd throughput capability to produce a high grade scheelite (WO(3)) concentrate product. The Springer mine and mill are currently not in operation. The Company also holds the Carlin Vanadium property, near Carlin, Nevada, with a recently released NI 43-101 inferred resource estimate of 25.4 million tonnes, grading 0.5% V(2)O5, based on a cut-off grade of 0.30%, or 289 million lbs of total contained V(2)O5 (NI 43-101 Technical Report on Resources, EMC Metals Corp., Carlin Vanadium Project, Carlin, Nevada, April 30, 2010).
Technical information in this news release has been reviewed by Gilles R. Dessureau, M.Sc. P.Geo a Qualified Person for the purposes of NI 43-101. Mr Dessureau is a Professional Geologist employed by EMC Metals.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and EMC's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, EMC assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
SOURCE EMC METALS CORP.
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