Greenwood Gold Project Update June 6, 2007 – Vancouver.
Merit Mining Corp. - (TSX-V: MEM) reports that dewatering of - The Lexington-Grenoble mine - is expected to commence in early July.
All the major mining equipment has now been acquired or committed to for the Lexington-Grenoble underground mine.
The portal area is currently being expanded and prepared for the installation of the mine office, mine dry, and mechanical shop.
Hatch is working on the detailed engineering plans for the gravity/flotation mill, which are scheduled for completion by the end of the month.
Milling equipment is being sourced and committed to, with the key component, a 10’ x 13’ ball mill, having already been acquired.
Detailed engineering for the tailings facility will be completed next week by Klohn Crippen Berger for submission to the regulatory authorities.
The Company has a conditional permit to build the process plant and tailings facility, subject to submission of the detailed engineering.
Key site construction and operational personnel have been hired, including the General Manager, Mine Superintendent, and Construction Project Manager (NR 07-13).
Surface exploration drill programs for the Lexington, Golden Crown, and Lone Star properties - have received board approval.
These programs will commence in late summer.
A total of 7,800 metres of surface drilling is planned, aimed at expanding the resources on all of the properties.
Fred Sveinson, President of the Company, states: “We are pleased that the development of the Greenwood Gold Project is progressing on schedule.
Production at Greenwood is targeted for the second quarter of 2008.”
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