Malaga Inc. (malaga)
Toronto Stock Exchange (TSX)
MONTREAL, Oct. 27 /CNW Telbec/ - Malaga Inc. (TSX: MLG) is pleased to
announce that it will shortly publish a new technical report on its tungsten
resources at its Pasto Bueno property located in the region of Ancash (Peru).
The report and information it contains on the Company's tungsten property will
be National Instrument 43-101 compliant.
The technical report published in 2006 on the Pasto Bueno property did
not properly define the mine's economic viability in terms of a NI 43-101
compliant resource calculation.
Malaga intends to rectify this situation as soon as possible by preparing
a new resource calculation for its property. This new calculation will attest
to the Company's current resources at Pasto Bueno and will be computed using
methods that are approved by the Canadian regulatory authorities and will be
as such fully NI 43-101 compliant. Vector Engineering, a well known mining
engineering firm, has been hired by Malaga to produce the new report.
The Company is actively working on this report and will publish it on its
website (www.malaga.ca) and on SEDAR (www.sedar.com) as soon as it has been
completed and officially approved as being 43-101 compliant.
Finally, Malaga wishes to underline that the 2006 resource calculations
although they were not 43-101 compliant have nevertheless enabled the Company
to maintain its production capacity at Pasto Bueno since tungsten production
began in April 2007.
ABOUT MALAGA INC.
Malaga Inc. is a tungsten mining company that uses modern, efficient and
productive mining technology. The Company is committed to growth, through
increasing its tungsten concentrate production, continuing the exploration of
the Pasto Bueno property, and through strategic acquisitions. It also seeks
diverse growth opportunities such as developing the hydroelectric potential of
the Pasto Bueno property, through Hidropesac, in which the Company holds 44%,
as well as through its holding in Dynacor Gold Mines Inc., in which the
Company owns 13.3%.
For further information:
For further information: Jean Martineau, President & CEO, Malaga Inc.,
(514) 288-3224; Renmark Financial Communications: Barbara Komorowski,
email@example.com; Ryan van de Polder,
firstname.lastname@example.org; Montreal: (514) 939-3989, Fax: (514)
939-3717; Toronto: (416) 644-2020, (416) 644-2021; www.renmarkfinancial.com