BobWins/DYN....
Full production in Peru...believe Sylvania has any ore output already bought.....Been terrific of late Are you holding?.
Thanks,
Art
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Malaga Inc.: the Pasto Bueno tungsten mill reaches full processing capacity
Malaga Inc. (previously Dynacor Mines Inc.)
Symbol: DYN
Toronto Stock Exchange
MONTREAL, July 11 /CNW Telbec/ - Malaga Inc. is pleased to announce that
its Pasto Bueno tungsten processing mill in Peru, has reached, as planned, its
full production capacity during June 2007.
In June, 6,958 tonnes of ore were processed at the Pasto Bueno plant,
from a planned production of 7,000 tonnes. The average daily volume processed
at the plant was 248.52 tonnes over a scheduled 28 days of operations. On
June 29, the mill reached a record high production by processing over
286 tonnes of ore. The theoretical capacity of the mill is currently 250 t/d.
Total production for the second quarter was 12 containers representing
209 tonnes of concentrate WO3 at 75 % compared to the first quarter which was
9 containers representing 159 tonnes of concentrate WO3.
The Company is presently preparing the extension of the mill to upgrade
it, at first, to over 300 t/d on a regular basis during fall 2007. The Malaga
technical team has already made the plans and estimates, and work is currently
underway. The start up of the new equipments should be underway shortly.
MINE
Development work has also begun in the mine to increase the daily
production in order to reach the 300 t/d target as soon as possible. Moreover,
additional work is in preparation to support an eventual increase in
production, which should reach or exceed 400 t/d at the beginning of 2008.
Ivan Quiroz, General Manager and Director, is a mining engineer and
metallurgist, and a member of the Collegio de Ingenieros del Perz. He is the
"Qualified Person" and is responsible for the technical information contained
in this press release.
-30-
/For further information: Marc Blais, President, Malaga Inc., (450)
667-3224; Jean Martineau, Chairman of the Board, Malaga Inc., (450) 667-3224;
Christina Lalli, Investor Relations, Malaga Inc., (450) 667-3224; Renmark
Financial Communications Inc.: Barbara Komorowski,
bkomorowski@renmarkfinancial.com; Tina Cameron, tcameron@renmarkfinancial.com;
Medias - Vanessa Napoli: vnapoli@renmarkfinancial.com; (514) 939-3989, Fax:
(514) 939-3717, www.renmarkfinancial.com/
****My uninformed opinion only...do your own due diligence****
