CMC Metals Ltd. (CMCXF)

[BMGS]

Looks like we will finally be a producer in 2014
December 04, 2013
CMC Metals Posts Reclamation Bond for Bishop Mill and Hires Mill Manager
Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has posted the reclamation bond for the Bishop Mill with the Bureau of Land Management in Bishop, California. The reclamation bond posted is US$191,269.00 and enables the Company to commence construction of the tailings pond. Construction of the tailings pond will begin before the end of the year.

The Company further wishes to announce that it has engaged Mr. Jim Mathews as the Mill Manager of the Bishop Mill. Jim has over 30 years experience building and operating floatation plants throughout the Western United States. Jim worked for the Bishop Mill in the past and has expert working knowledge of its operation. Jim will oversee the construction of the tailings pond and operations of the Bishop Mill.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

"Jack Bal"
Jack Bal, CEO
CMC METALS LTD.


The timetable should be as written in a news release some time ago:

"Once the bond is in place, construction activity will begin. The schedule for construction will entail the earthworks for the tailings impoundment that will take an estimated 4 weeks, installation of the liner system that will take an estimated 1 week, facility upgrades and testing will take an estimated 4 weeks. Current mill capacity is 50 tons per day. As part of the upgrades, we are increasing the capacity to 100 tons per day. Prior to the commissioning, we will have a minimum of 500 tons of Radcliff ore delivered to the site for pre-production testing of the facilities."