InvestorsHub Logo
Followers 134
Posts 17726
Boards Moderated 0
Alias Born 03/13/2008

Re: Regulator78 post# 29384

Friday, 07/31/2009 4:20:01 PM

Friday, July 31, 2009 4:20:01 PM

Post# of 83044
Funny I have a hard time believing this...
Because Copper king has made extremely lot of progress....

MILFORD, UT, Jul 30, 2009 (MARKETWIRE via COMTEX) -- Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the "Company") provided an update today on its recent start-up operations at its copper mill and concentrator. Copper concentrate production at the mill continues while ongoing testing of grinding and copper flotation circuits continues in line with normal start-up procedures. The Company is considering modifications to its thickening and filtering systems in order to provide a more efficient production cycle. The flotation circuits and the magnetite circuits have been performing well. Grades for copper concentrate have ranged between 31 and 39 % copper, with significant values for gold and silver.


MILFORD, UT, Jul 22, 2009 (MARKETWIRE via COMTEX) -- Further to its press release of July 6, 2009, Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the "Company") and its wholly owned subsidiary, Western Utah Copper Company are pleased to announce that they have entered into a definitive copper concentrate sales agreement with RBS Sempra Metals & Concentrates, LLC on behalf of The Royal Bank of Scotland PLC, for the sale of 100% of the copper concentrates produced at the WUCC Milford project. The agreement supersedes and replaces any other prior sales agreements relating to copper ores or concentrates.

The general terms of the agreement are consistent with industry standards and in addition include a number of favorable provisions for the Company owing to the expected high grades of the concentrate. During the start-up period of the mill, concentrates have been in the range of 31% to 39% copper, with significant gold and silver credits.

"The final agreement with RBS Sempra marks a significant step forward for the project," said Mark Dotson, Copper King's CEO and President. "We are pleased to have a strong relationship with a world-class concentrate purchaser and financial institution. We look forward to a long and beneficial arrangement as we continue to progress with the exploration and potential development of the entire Milford Mineral Belt."

In addition to the copper concentrate start-up operations, the magnetite circuit at the mill has reached full operational stage, with high-grade magnetite being produced for sale in the coal industry. At present, the first 75,000 tons per year of magnetite produced by the Company are being sold under a Magnetite Purchase Agreement to Massey Energy Company. To date, Copper King has shipped magnetite to Massey via loading the material into rail cars at the nearby railhead in Milford.





I am not a registered investment advisers or broker/dealer. Readers are advised that the material contained herein should be used solely for informational purposes.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.