TORONTO, June 25, 2012 /CNW/ - Red Tiger Mining Inc., (TSXV: RMN), (the "Company" or "Red Tiger") reported that at today's Annual and Special Meeting of Shareholders Messrs. Maxim Finskiy, Keith Hulley, Thomas Utter, Francis Scola, Sergei Tchetvertnykh and Sergey Yanchukov were elected as directors of the Company. Over 73% of the outstanding shares were represented at the meeting in person or by proxy.
In addressing the shareholders, Thomas Utter, the Chief Executive Officer commented on the progress of the Luz del Cobre copper project in Sonora, Mexico, indicating that in the first four weeks of production the daily production averaged 15 tonnes of copper, for a total of 458 tonnes from May 19 to June 21. Emphasis is being placed on the expansion of the area currently under irrigation on the leach pad, and mining higher grade ore in order to increase the daily production closer to the design capacity of the SX-EW plant which is approximately 20 tonnes per day. Crushing and stacking has gone very well, with no unscheduled production interruption.
Red Tiger is listed on the TSX Venture Exchange (symbol "RMN"). Common shares outstanding 69,193,537.
This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions, including the completion of the current financing.
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For further information:
Zaruma Resources Inc.
20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada
Fax: 416 367 3638, www.zaruma.com
Dr. Thomas Utter
President and CEO
Tel.: +1 52 662 311 8839
Frank van de Water
CFO and Secretary
Tel.: 416 869 0772