Shares outstanding: 286 Million
Symbol & Exchange: BN-TSXV
MONTREAL, Aug. 15 /CNW Telbec/ - Blue Note Mining today is pleased to
announce that it has made its first delivery of lead concentrate to Xstrata's
lead smelter in Belledune, New Brunswick.
The start-up of operations at the Caribou zinc-lead mines is continuing
as planned and scheduled. The following milestones have been achieved as the
Company ramps up toward full production:
- The Isa Mills have been commissioned - Developed by Xstrata, the Isa
Mill technology is a proven unique horizontal ultra fine grinding
system capable of efficiently grinding minerals using millimeter-size
particles through a high velocity stirring system - Blue Note is the
first company to use them in North America;
- Both lead and zinc concentrates are being produced;
- The first delivery of zinc concentrate production to the Belledune Port
for shipment overseas is imminent;
- The Restigouche and Caribou mines are in full operation.
In other news, Blue Note reports the departure of John Mavridis, its VP
Legal Affairs, who, after a successful tenure with Blue Note, has left to
pursue other ventures. "John has been with Blue Note since the beginning, and
played an integral role in helping bring the company to where it is." said
Michael Judson, President and Chief Executive Officer of Blue Note. "We
sincerely wish him the best with his future endeavors".
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.
/NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
the CNW Photo Network and archived at http://photos.newswire.ca.
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website at http://photos.newswire.ca. Images are free to accredited
members of the media/
For further information:
For further information: Lorne Woods, Vice President Investor Relations,
Blue Note Mining, 800-937-3095, firstname.lastname@example.org,