Jul 3 2015
Cyprium Mining Corporation ("Cyprium" or the "Company") is pleased to announce increased production plans following the successful start of operations at the Company's 100 ton per day flotation plant located in Aldama, Mexico in May.
Mr. Alain Lambert, Chairman and C.E.O. of Cyprium stated: "In May we announced the start of our toll milling operations at the Aldama plant and the signing of two mill feed supply agreements. Following the conclusive test runs of both the stockpiles from the historic Potosi Silver mine and the mineralized material from a mine in Moctezuma, Sonora, we have decided to ramp up production from the May and June level of 1,000 tons per month to 2,000 tons per month in July. To that end, we have secured a minimum of 6,000 additional tons of the Potosi stockpiles and 2,000 tons of the mill feed from Moctezuma."
Mr. Ronald Keenan, C.O.O. of the Company added: "The Aldama plant currently has a monthly capacity of about 2,600 tons. It is one of our key operational objectives to test that capability as quickly as possible and that is why have set our production goal for July and August at 2,000 tons or better."
The Company currently holds approximately fifty tons of silver/lead and zinc concentrates ready for sale. In order to obtain satisfactory terms from a concentrate buyer and acceptable transportation costs, the Company intends to start making sales of the concentrates once the inventory reaches about 160 tons, which is expected in early August. Finally, the Company announces that it continues to make investment in the Aldama plant as announced on June 3rd, 2015 and it remains on track to double capacity by the end of September 2015.
Pictures of the recent investments made by Cyprium at the Aldama plant can be found at: http://www.cypriummining.com/documents/en/CUG_aldama_plant_update_june_26_2015.pdf
About Cyprium Mining Corporation
Cyprium Mining looks for projects located in Northern Mexico that have a potential for profitable production in the short-term and a large exploration potential. Cyprium is committed to maximizing the potential of projects by funding exploration programs mainly through cash flows generated by production instead of funding such programs strictly through equity offering thus limiting shareholder dilution. Cyprium Mining prioritizes projects which are easily accessible and close to large urban centers.
Cyprium also has the exclusive use of a 100 metric tons per day flotation plant located twenty kilometers outside the City of Chihuahua in Northern Mexico (the "Aldama Plant"). Cyprium Mining has the exclusive use of the Aldama Plant under a five year agreement with its owner during which Cyprium will use the Aldama Plant on a variable cost basis. Cyprium will purchase mill feed for its own account and will be responsible for the supervision of all metallurgic processes, including quantitative chemical analysis, assaying of samples, determining feed grades and the sale of concentrates (see October 1st, 2014 news release). Cyprium recently announced its plans to double the capacity of the Aldama plant before the end of 2015.
Cyprium also owns 51% of Coyame Copper SA de CV ("Coyame Copper"), a Chihuahua, Mexico based mining exploration company and has an option to increase its stake in Coyame Copper to 70% for a consideration of US $1.2 million payable over a period of eighteen months following the exercise of the option. Coyame Copper's Las Cristinas Project consist of four adjacent exploration concessions (Las Cristinas, La Parrita, La Verde and La Lagrimosa) covering 684 hectares.
Source: http://www.cypriummining.com/en