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Re: wickw50 post# 67074

Thursday, 05/10/2012 10:08:41 AM

Thursday, May 10, 2012 10:08:41 AM

Post# of 163078
The GDSM NI 43-101 report will take at least several months. This company is estimating their NI will be completed the 2nd half of this year so late summer or early fall.

They released this PR today.

xxx is pleased to announce hiring of international mining consultants SRK Consulting ("SRK") and KD Engineering ("KD") of Tucson, AZ to deliver a Feasibility Study and feasibility-level engineering design for the Oracle Ridge Copper Mine project near Tucson, AZ.

SRK will author the Feasibility Study and KD will complete the feasibility-level engineering of the processing facility and minesite infrastructure as well as contribute to the Feasibility Study.

In addition, xxx is pleased to announce the appointment of Mr. Kevin Francis, P. Geo, as the Corporation's Vice President of Technical Services to work with SRK and KD and lead the completion of the Feasibility Study and engineering and design of the processing facility and mill for the xxx Mine project.

"Kevin Francis's primary focus will be to oversee and deliver an NI 43-101-compliant Feasibility Study for the mine targeted for completion in the second half of 2012," said Mr. Doug Nicholson. "In addition, Kevin will add significant value to shareholders as he oversees technical functions relating to new opportunities and project evaluation."


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