Web Site: www.CuMtn.com
TSX: CUM
VANCOUVER, Aug. 7,
2014 /CNW/ - Copper Mountain Mining Corporation (TSX:
CUM) (the "Company" or "Copper Mountain") announces that
construction of the new permanent secondary crusher at the Copper
Mountain mine located in southern British
Columbia is now complete and the crusher is being
commissioned (see photos next page - Link1, Link 2). The
project was completed on schedule and at the $40 million budget. The secondary crusher
was tested with ore at the beginning of this week and since then
the commissioning of the crusher is progressing smoothly.
The tie in of the new secondary crusher into the
existing one kilometer overland conveyor that transfers ore from
the primary crusher to the new secondary crusher and mill feed
stockpile was successfully completed without any operational
interruptions to the SAG mill. With the new secondary crusher
in operation, 100% of the ore feed going into the SAG mill is minus
2 inches in size. Operations are steadily improving as the
live crushed ore stockpile transitions from minus 5.5 inches to the
new reduced ore feed size of minus 2 inches. With the new secondary
crusher now in operation, the Company intends to dismantle the
temporary portable crushing units that were put in place over the
past twelve months; this change will reduce operating costs at the
site.
Mr. O'Rourke, President and CEO commented:
"We are extremely pleased with everyone's efforts that have allowed
us to bring the addition of this new secondary crusher into
operation within our timeframe and budget. Our team has
successfully met and overcome all the challenges to complete the
project in the seven month construction schedule. The
benefits to the mine will be immediate. By reducing the size
of the SAG Mill feed down to minus 2 inches we are confident that
the mine will achieve our production
expectations."
About Copper Mountain Mining
Corporation:
Copper Mountain's flagship asset is the Copper
Mountain mine located in southern British
Columbia near the town of Princeton. The Company has a strategic
alliance with Mitsubishi Materials Corporation who owns 25% of the
mine. The Copper Mountain mine commenced production in the summer
of 2011 and has continued to improve its operations since startup.
The 18,000 acre site has a large resource of copper that
remains open laterally and at depth. The mine has significant
exploration potential that will need to be explored over the next
few years to fully appreciate the properties full development
potential. Additional information is available on the
Company's web site at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Jim O'Rourke"
Jim O'Rourke, P.Eng.
Chief Executive Officer
Note: This release contains forward-looking
statements that involve risks and uncertainties. These
statements may differ materially from actual future events or
results. Readers are referred to the documents, filed by the
Company on SEDAR at www.sedar.com, specifically the most recent
reports which identify important risk factors that could cause
actual results to differ from those contained in the
forward-looking statements. The Company undertakes no
obligation to review or confirm analysts' expectations or estimates
or to release publicly any revisions to any forward-looking
statement.
SOURCE Copper Mountain Mining Corporation