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| | Mon Sep 10, 2007
Prize Ships First Gold Concentrate to Refinery
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| | Prize Mining Corporation ("Prize") (TSXV: PRZ) is very pleased to announce it has shipped its first batch of gold concentrate from the Atlin Gold Properties, located in northwestern British Columbia. Gold is being refined by Technic Inc. of Vancouver, BC. Prize Mining's first shipment returned a settlement weight of 206.90 ounces of gold, recovered from a very clean batch of gold concentrate of total weight 218.04 ounces. Fineness testing of the gold bar is currently underway.
Prize Mining is currently processing (milling) forty 250 tonne bulk sample lots (for a total of 10,000 tonnes) which have been excavated from a bedrock pit located near the west end of the Yellowjacket Zone in an area where previously determined high grade "nuggety" gold mineralization comes to the bedrock surface.
In conjunction with the bedrock bulk sample processing, Prize Mining is also recovering gold from the overburden/bedrock interface material that was stockpiled during the excavation phase. Any remaining placer gold from this material is being removed by traditional sluicing methods and the washed oversize bedrock material will be retained to process through the mill in order to recover bedrock gold.
Ms. Linda Dandy, P.Geo., the project supervisor of Prize Mining's trial mining program on the Yellowjacket Zone of its Atlin Gold Properties, is the Corporation's nominated Qualified Person responsible for monitoring the supervision and quality control of the programs completed within the Atlin Gold Properties. Ms. Dandy has reviewed and verified the technical information contained in this news release.
For more information and photographs see www.prizemining.com.
Click to enlarge
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About Prize Mining
Prize Mining Corporation (TSXV: PRZ) is a company dedicated to the exploration, discovery and development of precious metal deposits. The company is exploring for Gold in the Atlin area of British Columbia, Canada and its Nickel-Copper-Palladium and Platinum project on the Muskox Layered Intrusion in Nunavut, Arctic Canada.
ON BEHALF OF THE BOARD OF
PRIZE MINING CORPORATION
"Harry McGucken"
Harry McGucken
President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Prize Mining Corporation
Trent Dahl
Investor Relations
(604) 684-4743 ext. 228 or Toll Free: 1-866-684-4743
Email: info@prizemining.com
Website: www.prizemining.com
This news release contains forward-looking information including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations and potential mineral recovery processes. Forward-looking information includes disclosure regarding possible future events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. When used in this news release. The words "estimated", "plan", "anticipated", "expected", "intend", believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Prize to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. For any forward-looking information given, management has assumed that the analytical results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Although management has a reasonable basis for the conclusions drawn, there can be no assurance that forward-looking statements will prove to be accurate and actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange Inc. has neither approved nor disapproved the information contained herein. |
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| | You can view the Next News Releases item: Wed Sep 12, 2007, Prize Mining Announces Proposed Acquisition of the Primrose Molybdenum Property
You can view the Previous News Releases item: Thu Aug 30, 2007, Prize Mining Commences 10,000 Tonne Bulk Sample Processing
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