The Copper Kings are ahead of the curve with their Ball / Floatation Mill. The ability to process 2500 short tons of ore per day during the second quarter of 2008 means that revenue will increase significantly.
In London today Copper prices firmed on signs of stronger demand. Copper for delivery in three months on the London Metal Exchange traded at $7,290 a ton.
Bad news in China is good news for the Copper Kings. The worst winter in 100 years and power shortages have disrupted metals output and transport in China, a major producer of copper. This has produced small, but potentially significant production cuts in copper.
Tight supply is good news for the Copper Kings as they begin production abilities of concentrate upwards of 65,000 lbs of copper per day with substantial gold and silver contained in the concentrate.
This is a very significant press release.
Copper King Mining Corporation Anticipates the Completion of Its Ball Mill Complete with Floatation for Production of Copper Concentrate That Will Contain Commercial Amounts of Gold, and Silver
SALT LAKE CITY–(BUSINESS WIRE)–Copper King Mining Corporation (Pink Sheets:CPRK – News) is pleased to announce that construction is going forward as scheduled on it’s mill near Milford Utah. Construction began in 2007 of a Ball / Floatation Mill which when completed will have the capacity to process 2500 short tons of ore per day. Based on that figure and on current ore values being recovered the mill should be able to concentrate upwards of 65,000 lbs of copper per day with substantial gold and silver contained in the concentrate. It is anticipated that the mill could come on line in the 2nd quarter of 2008.
Interested parties may view photos and video of the patent deeded areas owned by Copper King Mining Corporation at www.thecopperkings.com and assets owned and controlled by Western Utah Copper Company at www.westernutahcopper.com.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Alexander Lindale L.L.C.
Wilf Blum, 801-201-4691
Source: Copper King Mining Corporation
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