CMC Metals Ltd (CMB)

[Mister Young]

I see this over $1.5 in about a year

[Mister Young]

Great news yesterday! REVENUE!!!!

http://www.cmcmetals.ca/s/NewsReleases.asp?ReportID=487242&_Type=News-Releases&_Title=Silver-Hart-Direct-Ship-Grades

[mali]

That's a long time ago that someone post here something.

[bigone]

Great news released about new results last week.

[Reality Check]

it looks like it is just you and me here. i spoke to the top dog a few weeks ago. i left a message and it was returned within a few hours. i was given an update to the company and all the projects moving forward. this company is going to be worth a nice chunk of change. when it resumes trading, i will attempt to add to my position. what about you?

[kiwisteve]

Gold-Silver Mining Expert and Award Winning Journalist Describes CMC Metals as Debt-free Unhedged and Gearing Up for Cash-Positive Silver Production

CMC Metals Ltd
CMCXF | 8/17/2009 2:44:37 AM
Aug 17, 2009 (BAYSTREET NEWSWIRE via COMTEX News Network) --

Precious Metals Review of CMC Metals Ltd. (TSX-V: CMB)(Pink Sheets: CMCXF) provides insight into the opportunity afforded investors as the CMC Metals 100% owned Silver Hart mine and mill is set to come online in Q2 2010, making CMB.V Canada's newest long term debt free unhedged silver producer.

This exciting exploration/near-term producer is the subject of a recently published article by regular Kitco contributor, gold and silver mining expert, journalist David Bond. Precious Metals Review has published a synopsis of the article and provides full text of the aforementioned subject article.

The full review with chart may be seen at http://www.preciousmetalsreview.com/PMRcmbbond.pdf online.

Excerpts:

"...after interviewing CMC Metals' CEO, Don Wedman (P.Eng) and going over CMC's very conservative estimates of its silver stash, cost of production and decimal-point-defying ore grades, and a quiet heads-up from our most reliable stock-picker, we're going to take a flyer on this no-brainer.

CMC Metals is in the process of installing a prefabricated 80 tonne/day mill (upgradable to 300 t.p.d.) at its 100%-owned Silver Hart project in the south-central Yukon. They've exposed a 6.5 million-ounce resource of high-grade silver averaging more than 56 ounces per tonne. That's about 5 times the cut-off grade here in the Coeur d'Alene District's underground mines, except that this baby's open-pit. CMC has blocked out an initial 9 million ounces of silver with a very nice 7.5% lead and zinc component that knocks the extraction cost down to a very comfortable $4.45/oz.

The story gets better. The 5200-acre Silver Hart is less than 5 percent explored; there are 20 known mineralized trench showings with visible massive galena, with only three of the 20 zones having been drilled so far. Extrapolating the numbers a bit from what CMB already has blocked out, and you could easily be staring at a 55-million oz. deposit. Additionally, CMC Metals has another pair of properties - one in late-stage development, in close proximity to the Silver Hart."

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL.

Contact Info:
Greg Thompson, Editor
Precious Metals Review Journal
[e-mail]
Copyright 2009 BAYSTREET NEWSWIRE

http://www.stockhouse.com/News/USReleasesDetail.aspx?n=7419761

[kiwisteve]

IIROC: Cease Trade Order, Specialty Foods Group Income Fund and CMC Metals Ltd.
9/4/2009 12:48:41 PM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Sep 4, 2009 (Marketwire via COMTEX News Network) --



BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: September 4, 2009
NEX Company

A Temporary Cease Trade Order has been issued by the Ontario Securities
Commission on September 4, 2009, against the following Company for failing
to file the documents indicated within the required time period:

Period Ending
Symbol Company Failure to File (Y/M/D)
("HAM.UN.H") Specialty Foods Interim Financial
Group Income Fund Statements 09/06/30
Management's Discussion
& Analysis 09/06/30


Upon revocation of the Temporary Cease Trade Order, the Company's shares
will remain suspended until the Company meets TSX Venture Exchange
requirements. Members are prohibited from trading in the securities of the
company during the period of the suspension or until further notice.

TSX-X
---------------------------------------------------------------------------


BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: September 4, 2009
TSX Venture Tier 2 Company

A Cease Trade Order has been issued by the British Columbia Securities
Commission on September 4, 2009, against the following Company for failing
to file the required documents:


Symbol Company Failure to File
("CMB") CMC Metals Ltd. News release and material change report
Technical report in the required form

Upon revocation of the Cease Trade Order, the Company's shares will remain
suspended until the Company meets TSX Venture Exchange requirements.
Members are prohibited from trading in the securities of the company during
the period of the suspension or until further notice.

TSX-X
---------------------------------------------------------------------------


SOURCE: Investment Industry Regulatory Organization of Canada (IIROC)

IIROC Inquiries [phone] [phone] (FAX) [e-mail] www.iiroc.ca
Copyright (C) 2009 Marketwire. All rights reserved.

[kiwisteve]

"Company will remain halted from trading until after the Cease Trade Order has been lifted and the Exchange has completed its reinstatement review."

http://www.cmcmetals.ca/s/NewsReleases.asp?ReportID=363060&_Type=&_Title=Updated-Disclosure-Statement

Updated Disclosure Statement - September 10, 2009

Vancouver, B.C.: At the request of the BC Securities Commission, the Company would like to clarify that the resources at the Silver Hart project are not NI43-101 compliant.

Although there was historical reserves that post date the implementation of the NI43-101 guideline, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Furthermore, the Company is not treating the historical estimate as current mineral resources or mineral reserves as defined in sections 1.2 and 1.3 of the NI43-101 and should not be relied upon.

Current twinning of several historical drill holes have given the Company the confidence in the historical data that provided the basis to proceed towards permitting a mine at the Silver Hart site. Governmental submissions on the project were posted on our corporate website to keep the general public aware of the permitting process and proposed details of the project.

The Company is not intending to update the historical resource estimate for the TM zone but will be providing an updated Technical Report for the 2005 to 2007 drilling plus, once the results from the 2008 and 2009 drilling are completed, a NI43-101 resource estimate will be conducted at the KL, S, and M zones. This will occur by the end of 2009 and will support the Company's efforts of delineating additional resources that may be processed in the proposed mill facilities.

The Company has not completed a feasibility study to establish economic viability by a "Qualified Independent" as defined in the NI43-101 guidelines and considering that production estimates for the proposed mining operations on the Silver Hart property application state potential quantities and grades, the assessment is speculative and should not be relied on until a Qualified Independent has verified the above with a technical report.

In accordance with TSX policy, the Company will remain halted from trading until after the Cease Trade Order has been lifted and the Exchange has completed its reinstatement review.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Don Wedman, P.Eng., President and Chief Executive Officer for CMC Metals Ltd., a qualified person under National Instrument 43-101.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:
"Don Wedman"

Don Wedman, P.Eng.
CEO
CMC METALS LTD.

For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at StoxNetwork Corp. Telephone: [phone], or Email: [e-mail].

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[kiwisteve]

News Releases http://www.stockhouse.com/tools/?page=%2Ffinancialtools%2Fsn_overview.asp%3Fsymbol%3DCMCXF%26table%3DLIST

CMC Metals Announces Update on Drill Assay Results at Silver Hart
10/19/2009 4:36:08 PM - NWC

CMC Metal Ltd. Announces High Grade Silver Vein contains Palladium
9/30/2009 9:20:09 AM - NWC

CMC Metals Ltd. Announces Test Mining Bulk Sample at the Silver Hart Mine Site
9/22/2009 9:55:17 AM - NWC

CMC Metals Ltd Announces 37,311 grams per tonne Silver Assayed at Silver Hart
9/15/2009 5:23:07 PM - NWC

CMC Metals Ltd. Announces Updated Disclosure Statement
9/10/2009 9:10:09 AM - NWC

IIROC: Cease Trade Order, Specialty Foods Group Income Fund and CMC Metals Ltd.
9/4/2009 12:48:41 PM - Market Wire

BayStreet.ca Announces Latest Stocks to Watch - CMC Metals Ltd. (V.CMB)
8/18/2009 12:19:48 PM - BSR

Gold-Silver Mining Expert and Award Winning Journalist Describes CMC Metals as Debt-free Unhedged and Gearing Up for Cash-Positive Silver Production
8/17/2009 2:44:37 AM - BSR

BayStreet.ca spotlights CMC Metals Inc. (CMB.V)
8/13/2009 3:24:50 PM - BSR

Silver Hart Mine 1,000 Meter Drilling Program Commences / 2,000,000 Unit Flow-Through Private Placement
8/13/2009 1:05:08 PM - NWC

[Reality Check]

i guess i am the only one here...i put a call into corp the other day and the CFO, MS, called me back within 2 hrs. I had a very informative talk with him and I am adding to this position.

[Reality Check]

Is anybody here anymore? This company is going to be an animal by 2nd Qtr next yr. Where is the %? Long and Strong with CMC

[sumisu]

CMC Metals to Mine 20,000 Tonnes Per year at ROM 1100gm/tonne Ag at Its 100% Owned Silver Hart Mine

Tuesday June 24, 9:00 am ET

TSX-V: CMB

http://biz.yahoo.com/prnews/080624/to219.html?.v=66

VANCOUVER, June 24 /PRNewswire-FirstCall/ - CMC Metals Ltd. (the "Company") is pleased to announce that it has entered into a Letter of Intent agreement to purchase a prefabricated mill for the Silver Hart mine site. The main mill process is a standard gravity flotation concentration and will operate year round at 20,000 tonnes annually. SGS Lakefield Laboratories Ltd. conducted a detailed metallurgical study to define the mineral recoveries by flotation methods in 2007. Based on the SGS Lakefield Laboratories Ltd. metallurgical test results, metal recoveries from the raw ore are 96.9% silver, 97.0% lead, and 80.0% zinc. Total cost to purchase the equipment, refurbish and modularize is approximately $1,700,000 (USD). Delivery date is set for the end of October, 2008. It will take 30 days to connect the modules, attach the covering structure and connect power to the mill. The 80 tonne per day mill will be modularized in eight structural modules that can be assembled on site. Modulized concept will greatly reduce the construction timeline and assembly costs at the front-end of the project.

CMC's 100% owned Silver Hart Mine project is for a 20,000 tonne per year mine and an 80 tonne per day mill facility to concentrate the run-of-mine ore. Mining of the TM and S zone will be on a seasonal basis (June to October) and milling will be on a year round basis. The first two years will be surface mined then continued by underground methods. There has been substantial exploration on the property since the mid-80's. Additional drilling by the Company occurred in 2005, 2006, and 2007 to confirm past drill results and to provide the confidence in the substantial amount of historical data. A historic resource estimate (F. Smith, 1988) was determined at the end of 1987 for the TM zone. An estimate for proven and probable reserves of 72,345 tonnes (79,713 tons) with an average grade of 2,023 grams/tonne (59.0 oz/ton) silver, totaling 146,340 kg (4,705,463 ounces) of silver was concluded from the work conducted. Not included in the total was an inferred resource of 33,225 tonnes (36,609 tons) with an average grade of 1,755 grams/tonne (51.2 oz/ton) silver, totaling 58,310 kg (1,874,937 ounces) of silver. Average base metal values include 4.97 percent lead and 8.59 percent zinc for the TM zone. These historic resource estimates were based on 50 diamond drill holes (3658m, 12,000 feet) and 673m (2208 feet) of underground workings. The Company performed infill drilling and hole twinning as a due diligence to confirm the historical data. An updated detailed mining approach and review of the geological data provided input for the economic model to assess mine dilution, cut-off grades, run-of-mine head grades, and minimum mining widths. For further understanding of the property, the Company had SGS Lakefield Laboratories Ltd. conduct a detailed metallurgical study to define the mineral recoveries, mill flow diagram, and rate of consumption mill reagents need to concentrate the ore. The Company submitted the Project Description to the Yukon Territorial Government (YTG) for review and the Socio-Economic Assessment Board (YESAB) for prescreening the project. Once YESAB deems the submission complete the Company can provide an update on the commissioning schedule. For additional information on the Silver Hart Project, please visit www.cmcmetals.ca.

The Company has not completed an independent feasibility study and there is no certainty that the proposed operations will be economically viable. A qualified person has not done sufficient work to classify the historical estimate as current mineral resource and the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. The technical information herein has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Donald Wedman, P.Eng., President and Chief Executive Officer for CMC Metals Ltd., a qualified person under National Instrument 43-101.


On behalf of the Board:

"Don Wedman"

-----------------------
Don Wedman, P.Eng.
CEO
CMC METALS LTD.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.


CONTACT: Mr. David Fry, Manager, Corporate Communications at [phone], local 105 or click on [e-mail]


--------------------------------------------------------------------------------
Source: CMC Metals Ltd.

[sumisu]

Silver Shorts are so Naked, they've "Gone Wild"

By: Jason Hommel, Silver Stock Report

Posted 13 June, 2008

http://news.silverseek.com/GoldIsMoney/1213363372.php

[sumisu]

Dynamics of the Silver Price Revolution

By: Vincent Bressler

Posted 14 June, 2008

http://news.silverseek.com/SilverSeek/1213458334.php

[sumisu]

Dynamics of the Silver Price Revolution

By: Vincent Bressler

Posted 14 June, 2008

http://news.silverseek.com/SilverSeek/1213458334.php

[sumisu]

"I don't see a role for silver as money."

Exclusive Interview with Ted Butler

by Silberinfo.de

January 30, 2005

http://www.financialsense.com/fsu/editorials/silberinfo/2005/0130.html

[sumisu]

CMC Metals Ltd. - Silver Hart Mine Development Moves Forward

Tuesday March 25, 12:24 pm ET

http://biz.yahoo.com/cnw/080325/cmc_silver_hart_mine.html?.v=1

TSX-V: CMB
VANCOUVER, March 25 /CNW/ - CMC Metals Ltd. (the "Company") is pleased to announce that it has submitted the Project Description to the Yukon Territorial Government (YTG) for review and approval for a Development and an Operating License. Currently the Yukon Environmental and Socio-economic Assessment Board (YESAB) is prescreening the project and anticipate the project to be deemed complete in the next few weeks. The Development permit will allow the Company to proceed with the site construction in preparing the mine and mill for production. Based on discussions with the YTG, it is anticipated that the Development permit could be in place by the summer this year. Once the Company has received their Class B Water License, an Operating license will be issued to allow the Company to commission a mill. It is anticipated this will happen by the end of 2008.

CMC's 100% owned Silver Hart Mine (click here to view location map http://files.newswire.ca/696/maponly-2.JPG) project is for a 20,000 tonne per year mine and an 80 tonne per day mill facility to concentrate the run-of-mine ore. Mining of the TM and S zone will be on a seasonal basis (June to October) and milling will be on a year round basis. The first two years will be surface mined then continued by underground methods. There has been substantial exploration on the property since the mid-80's. Additional drilling by the Company occurred in 2005, 2006, and 2007 to confirm past drill results and to provide the confidence in the substantial amount of historical data. A historic resource estimate (F. Smith, 1988) was determined at the end of 1987 for the TM zone. An estimate for proven and probable reserves of 72,345 tonnes (79,713 tons) with an average grade of 2,023 grams/tonne (59.0 oz/ton) silver, totaling 146,340 kg (4,705,463 ounces) of silver was concluded from the work conducted. Not included in the total was an inferred resource of 33,225 tonnes (36,609 tons) with an average grade of 1,755 grams/tonne (51.2 oz/ton) silver, totaling 58,310 kg (1,874,937 ounces) of silver. Average base metal values include 4.97 percent lead and 8.59 percent zinc for the TM zone. These historic resource estimates were based on 50 diamond drill holes (3658m, 12,000 feet) and 673m (2208 feet) of underground workings. The Company performed infill drilling and hole twinning as a due diligence to confirm the historical data. An updated detailed mining approach and review of the geological data provided input for the economic model to assess mine dilution, cut-off grades, run-of-mine head grades, and minimum mining widths. For further understanding of the property, the Company had SGS Lakefield Laboratories Ltd. conduct a detailed metallurgical study to define the mineral recoveries, mill flow diagram, and rate of consumption mill reagents need to concentrate the ore. Based on the SGS Lakefield Laboratories Ltd. metallurgical test results, metal recoveries from the raw ore are 96.9% silver, 97.0% lead, and 80.0% zinc by flotation methods. For additional information on the Silver Hart Project, please visit www.cmcmetals.ca.

The Company has not completed an independent feasibility study and there is no certainty that the proposed operations will be economically viable. A qualified person has not done sufficient work to classify the historical estimate as current mineral resource and the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. The technical information herein has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Donald Wedman, P.Eng., President and Chief Executive Officer for CMC Metals Ltd., a qualified person under National Instrument 43-101.


On behalf of the Board:

"Don Wedman"

-----------------------
Don Wedman, P.Eng.
CEO
CMC METALS LTD.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.


For further information

Mr. David Fry, Manager, Corporate Communications at [phone], local 105 or click on [e-mail]

--------------------------------------------------------------------------------
Source: CMC Metals Ltd.

[sumisu]

BIG NEWS IS OUT!!!!!!!!!!!!!!!!!!!

3,181 g/tonne Silver and 27.95% Zinc Intercept in the TM zone at the Silver Hart Mine Site

http://www.kitco.com/pr/2260/article_11132007142027.pdf

[sumisu]

Development & Operating Plans Submitted

TSX Venture Exchange- Trading Symbol: CMB October 29, 2007

Vancouver, B.C.: CMC Metals Ltd. (the “Company”) is pleased to announce that it has submitted the Development and Operating Plan to the Yukon Government, Yukon Environmental and Socio-economic Assessment Board (YESAB) and the Yukon Water Board for review and approval of the Silver Hart Mine. The Development and Operating Plans are for a 20,000 tonne per year mine and an 80 tonne per day mill facility to concentrate the run-of-mine ore. The process requires YESAB to prescreen the application for environmental completeness prior to the Yukon Government review. The YESAB process is anticipated to take 90 days following which the Yukon Government and Yukon Water Board will review the application for a Quartz Mining License for production and a Type B Water Use License, which will allow the Company to start the mine and mill construction. It is anticipated that mill construction will be prefabricated and shipped to the site where it will be assembled. According to CEO and President, Don Wedman, P.Eng., “A tremendous amount of effort has gone into preparing this application. The Silver Hart property is a valuable asset that is ready for development and will provide an opportunity for the Company to demonstrate the financial, environmental and social sustainability of this property.” Scheduled commissioning of the facilities is for third quarter 2008.

The Development and Operating Plan call for a 20,000 tonne per year mine and an 80 tonne per day mill. Mining of the TM and S zone will be on a seasonal (June to October) basis and milling will be on a year round basis. There has been substantial exploration on the property since the mid-80’s. Additional drilling by the Company occurred in 2005, 2006, and 2007 to confirm past drill results and to provide the confidence in the substantial amount of historical data. A historic resource estimate (F. Smith, 1988) was determined at the end of 1987 for the TM zone. An estimate for proven and probable reserves of 72,345 tonnes (79,713 tons) with an average grade of 2,023 grams/tonne (59.0 oz/ton) silver, totaling 146,340 kg (4,705,463 ounces) of silver was concluded from the work conducted. Not included in the total was an inferred resource of 33,225 tonnes (36,609 tons) with an average grade of 1,755 grams/tonne (51.2 oz/ton) silver, totaling 58,310 kg (1,874,937 ounces) of silver. These historic resource estimates were based on 50 diamond drill holes (3658m, 12,000 feet) and 673m (2208 feet) of underground workings. The Company performed infill drilling and hole twinning as a due diligence to confirm the historical data. An updated detailed mining approach and review of the geological data provided input for the economic model to assess mine dilution, cut-off grades, run-of-mine head grades, and minimum mining widths. For further understanding of the property, the Company had SGS Lakefield Laboratories Ltd. to conduct a detailed metallurgical study to define the mineral recoveries, mill flow diagram, and rate of consumption mill reagents need to concentrate the ore. Based on the SGS Lakefield Laboratories Ltd. metallurgical test results, metal recoveries from the raw ore are 96.9% silver, 97.0% lead, and 80.0% zinc by flotation methods. It should be noted that due to the historical resource estimates not having an updated NI43-101 resource estimate, the Company is not allowed to disclose, estimated head grades, concentrate grades, or economic data.

Cautionary Notes: The Company has not completed an independent feasibility study and there is no certainty that the proposed operations will be economically viable. Statements in the release that are “forward-looking statements” are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

A continuing focus for the Company is to explore other known surface mineralized exposures to expand additional tonnage that can be processed at the mill. Initial assay results from the 2007 exploration will be available within the next few weeks. The first set of assays are from the TM zone area confirming historical holes and for statistical comparisons of core recovery to historical thickness and grades.

The Company is also pleased to announce the appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Accountants, as our new auditors.

Also, the Company wishes to announce the resignation of Donald Gee from the Board. The Company would like to thank Mr. Gee for his guidance and input over the past two years.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. The technical information herein has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Donald Wedman, P.Eng., President and Chief Executive Officer for CMC Metals Ltd., a qualified person under National Instrument 43-101.

On behalf of the Board:
"Don Wedman”
Don Wedman, P.Eng.
CEO
CMC METALS LTD.

[sumisu]

Tuesday September 11 2007 - News Release

Mr. Don Wedman reports

SILVER HART MINE SITE 2007 EXPLORATION UPDATE

CMC Metals Ltd. is providing an update of the status of the drilling at the CMC Silver property (Silver Hart mine site). To date, seven drill holes have been completed for testing the strike and depth of mineralization at several of the known surface vein structures. The 2007 drill program had three goals; the first confirmed no potential mineralization under the proposed 80-tonne-per-day mill site area. Work is currently being completed for the development and operational approval application for the mill site area. The second goal was to twin at least three historical drill holes at the TM zone to test the confidence of the historical data, location of the vein intersects, grades, thicknesses and host-rock geology for mining. The third goal was to test at depth the continuation of known trench veins at the M and D zone areas that have never been tested at depth or strike.

An additional three drill holes were completed in the TM zone to twin historical holes to test the historical data confidence and to correlate the ore-zone thickness and grades to the past historical thickness and grades. Based on the current geological interpretation of the drill logs, there was an excellent correlation with the historical drill logs that supports the historical data for the geological interpretations. The company purchased the historical data last year which were created from the $6-million to $8-million of work performed by the previous owner. The historical data have allowed the company to develop its mining approach and contained comprehensive information which the company has relied upon regarding widths, grades, rock types, surface geology, underground geology and cross sections. Once the assay results from Acme Analytical Laboratories Ltd. in Vancouver are received, the information will be compared with the historical assays to ensure that the grades and historical resources support the confidence in the mine plans developed for the TM zone.

The company has also completed three drill holes at the M (Meteorite) zone. Based on the historical data, the surface-mapped-and-sampled vein structure, that was exposed with surface trenching, shows a strike of 70 feet and a width of four feet of massive galena grading 45.63 ounces per ton silver, 20.65 per cent lead and 1.54 per cent zinc. The focus of the initial three holes is to test the extension of the strike at both ends of the trench plus the continuation of the mineralization at depth. Based on the geological logs, the drilling confirmed that the strike length exceeds 75 metres and the mineralization of high-grade silver/lead galena and zinc sphalerite mineralization continues at depth. Once the assay results are received, an update of the assays and thicknesses will be released.

At present, the drill has been moved to the D zone to drill three holes to test the strike and depth of this high-grade surface-exposed vein structure. At the end of the 2006 exploration, the D zone was trench sampled and tested. As reported in Stockwatch news on Nov. 3, 2006, the trench sampling determined a vein measuring up to 2.5 metres wide with intervals grading up to 73 per cent lead and 1,896 grams per tonne silver. The company will confirm and expand its understanding of this occurrence and, once the drill core has been analyzed, the results will be released.

Drilling at the Silver Hart site will be completed in the next week, at which time the drill will be relocated to the CK property in the Clearwater, B.C., area. Initially, the drill was to be mobilized to the Clark/Cameron property in the Mayo, Yukon, area. However, due to the delays in getting this new drill from the manufacturer and weather issues in the Mayo area, it was decided to expend exploration funds on the CK property. Drilling at this property should start by early October and continue until November. The goal is to expand the resources at the new occurrence that demonstrated high grades of zinc mineralization. Based on the historical drilling, the 83 historical holes intersected and produced an average unweighted intersect grade of 14.5 per cent zinc, 2.36 per cent lead and eight grams per tonne silver. A few years later, a historical indicated resource estimate was determined to be 500,000 tonnes grading 11.3 per cent zinc and 2.0 per cent lead (Green, PEng, 2000, for BWI Resources Ltd.). Additional inferred resources of 380,000 tonnes were estimated at the same grade. It is the company's intention to expand the resources to allow an internal evaluation of the viability of moving this property forward to the preproduction phase. The company advises that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources, and it is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Don Wedman, PEng, president and chief executive officer for CMC Metals, a qualified person under National Instrument 43-101.

© 2007 Canjex Publishing Ltd.