COPPER KING COMMENCES REGULAR SHIPMENTS OF COPPER CONCENTRATES;
DOUBLING OF MAGNETITE PRODUCTION ALSO EXPECTED
MILFORD, UT-- 09/17/09 - 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 are scheduled to begin regular shipments of copper concentrate beginning September 21, 2009 to a receiving smelter pursuant to the Company’s concentrate sale agreement with RBS Sempra Metals & Concentrates, LLC on behalf of The Royal Bank of Scotland PLC. The Company expects to initially ship one truck load per day, five days a week, gradually increasing to three trucks per day, five days a week. The Company also announces that it further expects to increase its magnetite production by as much as 100%, from the current level of approximately 2,000 tons every ten days to 4,000 tons of magnetite concentrate every ten days. Shipment of magnetite is currently by rail, while copper concentrate shipments will initially be by truck to a domestic receiving smelter.
"After previously commencing production operations at the mill, commencing the regular shipment of copper concentrate pursuant to the concentrate sale agreement represents the next major step in the progress of our project," said Mark Dotson, Copper King's CEO and President. "This signifies that we have achieved the successful operation of all of the major circuits in the mill for the production of commercial quantities of saleable copper concentrates on a regular basis. We now look forward to increasing production rates as well as to further exploration and potential development of the entire Milford Mineral Belt."
About Copper King
Copper King controls over 80,000 acres of advanced-stage and development-stage mineralized acreage in Western Beaver County, Utah. The Company is ramping up production at a 5,000 ton per day capacity flotation mill for processing high-grade ores from its Hidden Treasure copper-gold-silver mine and other controlled properties under its control. Copper King is led by an experienced management team focused on exploration and production using traditional and new technologies.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to commence production, our plans to drill or our drilling results to fail to materialize: general world economic conditions; availability of capital; unfavorable geologic conditions; the complexity of exploration and production; prevailing prices for commodities, and general regional economic conditions. Copper King assumes no obligation to update the information contained in this press release.
Contact:
Contact
Investor Relations:
Charles A. Moskowitz
617-633-2259
CAM@Copperkingmining.com
Company URL: www.wuccompany.com
