Copper King Mining Corporation Provides Project Updates
Aug 5, 2008 10:56:00 AM
Copyright Business Wire 2008
View Additional ProfilesMILFORD, Utah--(BUSINESS WIRE)--
Copper King Mining Corporation (Pink Sheets: CPRK), an ore mining, processing and exploration company located in southern Utah, today provided the following updates and a correction to a prior press release, concerning its mining and processing operations near Milford, Utah.
In response to several inquiries concerning a press release issued on March 24, 2008 by the company's former investor relations firm without the company's participation, Copper King's management believes a correction to this press release is appropriate at this time.
Two power lines supply the power supply to the Copper King mill. One is approximately 3 1/2 miles long and originates directly from the substation that will supply the mill concentrator with power. This supply line was rebuilt and upgraded by a local power utility, requiring new poles and other equipment. This utility upgrade now provides a connection point from which the company's power line is now hooked south of the Ely Milford Highway. The company was assessed a substantial portion of the costs as its share of this improvement.
The company's prior investor relations firm inadvertently confused pictures of this utility upgrade for the actual power line to the mill's concentrator and issued a press release that included incorrect information about these two electrical connections.
In reality, nearly seven miles of new 46KV line has recently been built from the utility connection point to the company's mill concentrator by the company's contractor, Probst Electric of Heber, Utah, which construction should be completed this week. The company avers that the work performed by Probst Electric is unparalleled in light of cost, construction time and the quality work product. The company will issue more construction updates in the following weeks.
News 
Market Data 
Discover 
AI
