Coronet Metals Inc. Completes Construction at Liberty, Commences Commissioning
Oct 03, 2013 (Newsfile Corp via COMTEX) --
Coronet Metals Inc. (TSXV: CRF) (OTCQX: CORMF) (FWB: 2CM) ("Coronet") is pleased to announce that it
completed construction at its Liberty Gold Processing Facility ("Liberty" or
"Liberty Facility") in Amargosa Valley, Nevada. The custom circuit to process
gold concentrates is now being commissioned with commercial production expected
before the end of October.
The gravity, magnetic separation and grinding circuits have
been commissioned and are working well. The agitated leach, filtration and
Merrill-Crowe circuits are complete and have been water tested. Liberty is
installing a larger, fully completed, skid mounted Merrill-Crowe unit this week.
Leaching will commence next week. Liberty has a fully equipped on-site
laboratory with a Perkin Elmer Atomic Absorption ("AA") unit, bottle roll, fire
assay and smelting capabilities, which is set-up and operational.
pre-production inspection of the Liberty Facility was conducted by the Nevada
Department of Environmental Protection ("NDEP") and it was given the green light
to commence production at any time.
Mr. Theo van der Linde, President and CFO of Coronet states,
"Completion of the construction of the Liberty Facility is an important
milestone for Coronet. We are now poised to commence production and start
generating cash flow so that we can grow this segment of our business."
About Coronet Metals Inc.
Coronet Metals Inc. objective is to become a gold
development and production company. The management team has experience in all
aspects of the development and financing of resource projects in North and South
America. Coronet owns the Yanamina Gold Project in Peru, the White Caps Gold
Mining, Company Inc. Gold Project in Nevada and the Liberty Precious Metals
Testing and Processing Facility in Nevada.
This news release contains certain forward - looking
statements about operations and finance, and such statements involve risks and
uncertainties. The results or events predicted may differ materially from actual
results or events. Any forward - looking statement speaks only as of the date of
this news release. Except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward - looking
statement, whether as a result of new information, future events or results, or
any other occurrence.
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION AND ENQUIRIES: Theo van der
Linde President and CFO Tel: +1 902 403 7258
FOR PROCESSING PROPOSALS
Stephen Stine, CEO and COO
+1 303 905 1770.
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