News: Copper King Mining Corporation (Pink Sheets:CPRK), an ore mining, processing, and exploration company located in Southern Utah, today provided further updates concerning its operations. Ore Body Discoveries New drillings in the company’s current mine locations recently revealed that the ore body present is much larger than expected. In three drilled holes, several hundred feet from the known ore body, the company discovered extended intervals of over 1.00% copper, with corresponding gold and silver averages. Current “Check” assays from Chemex confirmed that the high-grade ore from the company’s Hidden Treasure mine is over 50% copper with a substantial gold credit equivalent of over 0.05 ounces per ton. http://ih.advfn.com/p.php?pid=nmona&cb=1224027554&article=28708948&symbol=NO%5ECPRK
Copper King Mining Corporation Announces Bridge Funding Business Wire via Yahoo! Finance - Sep 03 4:00 AM MILFORD, Utah----Copper King Mining Corporation , an ore mining, processing, and exploration company located in Southern Utah, today announced that it closed on bridge funding with a third party lender. http://biz.yahoo.com/bw/080903/20080903005583.html?.v=1
Copper King Mining Corporation Announces Mining Updates Business Wire via MILFORD, Utah----Copper King Mining Corporation , an ore mining, processing, and exploration company located in Southern Utah, today provided updates concerning construction of its Flotation Mill near Milford, Utah.
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PRODUCTION:
Production is expected to start June 1, 2007. Initial capital investment in the amount of $55 million will be used to build a Production Mill, Solvent-Extraction Electrowin, Vat Leach, Leach Pad and Natural Gas Cogeneration Power Plant, extraction equipment and transportation infrastructure.
Production Cost and transportation is expected to be less than 30% of the gross revenue from product sales.
It is estimated that with current proven reserves WUCC could process 2400 tons or ore per day for approximately 10 years producing almost $282,100 per day of revenue or $102,966,500 annually. Of course, proven reserves are a small fraction of what is believed to be in the Milford Mineral Belt. Drilling continues to prove more reserves daily increasing the amount of proven resources and profit expectations.
WUCC owns or controls more than 100,000 acres of mineral properties, real estate, and other assets in Beaver County, Juab County and Millard County, Utah.
Its holdings include a vast number of mining claims, land leases and mining rights described as the Millford Mineral Belt. It is 18 miles long and 8 miles wide. The principal metals include Copper, Silver, Gold, Tungsten and Molybdenum. Among its assets are also buildings and mining equipment.
MINERAL EXTRACTION:
Over the next five years, WUCC is projected to extract:
• 230,200,000 lbs. Copper
• 115,100 ounces Gold
• 11,510,000 ounces Silver
Based upon current market prices, the value of these minerals would be:
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