TSX Venture Exchange: MHI
Frankfurt Stock Exchange: N8Z/WKN: AODLHP
Pink Sheets: MHIFF
VANCOUVER, Aug. 10, 2012 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or "Mineral Hill") is pleased to announce that it has finalized the revised reclamation report regarding the Liberty Hill Mine in California and will be re-filing the report with the various regulatory agencies in California for review and permitting process.
The Liberty Hill Mine claim group consists of 127 fee simple unpatented mining claims of 19.25 acres each, totalling 2,444.75 acres. The property is located 20 miles southeast of Dutch Flat off highway I:80. Mineral Hill entered into an agreement for an equal joint venture operation with Mining and Energy International Corp. (which was announced in the Company's news release on October 12, 2010). Subject to the fulfilment of certain conditions in the agreement , Mineral Hill will be the operator once the required permits are reissued.
Mineral Hill's plan of operation include a phased program planned to commence in September 2012 and leading to full production in 2013.
About Mineral Hill Industries Ltd.
Mineral Hill Industries Ltd. is a Canadian based mineral exploration company trading on the TSX Venture Exchange (MHI), the Frankfurt Exchange (N8Z/WKN: AODLHP), and the OTC Pink Sheets (MHIFF). Mineral Hill has accumulated a diversified portfolio of lithium and precious metal properties. Although the Company's determination to develop its promising lithium exploration projects will remain a focal point, Mineral Hill will accelerate its new gold mining projects with early production opportunities concurrently with attracting a strong management team.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Mineral Hill Industries Ltd.
For further information:
For more information on Mineral Hill Industries Ltd. and its projects, please visit the Company's website at www.mineralhill.com, or contact:
President and CEO
Mineral Hill Industries Ltd.
Telephone: (604) 685-4170