Blue Note Ships Zinc Concentrate
Thursday October 18, 9:00 am ET
Shares outstanding: 287 Million Symbol & Exchange: BN-TSXV
MONTREAL, Oct. 18 /CNW Telbec/ - Blue Note Mining reports that its first shipment of zinc concentrate has been shipped from the port of Belledune, New Brunswick on October 17, 2007. This first shipment of approximately 5,600 metric tonnes of concentrate is enroute to Antwerp, Belgium.
"We are pleased to be able to report delivery of this quantity of zinc concentrate this early in our ramp-up phase," said John Martin, Chief Operating Officer of Blue Note, "We have now successfully delivered both lead and zinc concentrates to our customers. Mine and mill operations are stabilizing and metallurgical performance is continuously improving. We expect to be meeting our planned production and metallurgical performance targets by year end"
Blue Note recently announced that it had customers for all of its lead concentrate and 85% of its zinc concentrate. "We are benefiting handsomely from record lead prices as lead accounts for roughly half of our total production," said Michael Judson, Blue Note's President and Chief Executive Officer.
Blue Note Mining is a Canadian mining company headquartered in Montreal with operations in Bathurst, New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BN.
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