🕐11.04.13 - 10:27 Uhr
BLACK MOUNTAIN RESOURCES - APPOINTMENT OF MINING CONTRACTOR AHEAD OF FIRST HIGH GRADE SILVER PRODUCTION AT NEW DEPARTURE IN APRIL
11 April 2013
Black Mountain Resources Ltd
Appointment of Mining Contractor at New Departure Silver Project
Black Mountain Resources Limited (ASX | AIM: BMZ), the silver focused development company with interests in the US, is pleased to announce the appointment of United Mine Services Inc.
(UMS), a subsidiary of TSX listed United Silver Corporation (USC), as Mining Contractor for the New Departure Silver Project located in Montana, USA.
This appointment marks a significant milestone for the Company as it rapidly progresses towards commencing production from this project, which management expect in the coming weeks.
UMS has a strong understanding of the region having worked on major projects including USCs Crescent Mine, US Silver & Gold Incs Galena Mine and Hecla Mining Companys Lucky Friday Mine in the Coeur dAlene Mining District (Silver Valley).
The appointment of UMS as the mining contractor will enable operations at New Departure to run at full capacity in line with its targeted production levels of between 200-250 tonnes per day.
UMS has already mobilised on site with the integration proceeding smoothly and productivity has already increased significantly with additional crews scheduled to commence over the coming week.
Importantly, UMS will utilise its own equipment on site, which will ensure the projects capital expenditure is minimised.
Black Mountain Executive Chairman, Peter Landau, commented, "The appointment of UMS as mining contractor brings us one step closer to commencing high grade silver production at New Departure in Montana over the next few weeks.
UMS has mobilised both equipment and personnel on site and we are confident that our operations will benefit from improved efficiency and capital expenditure, providing further upside to the New Departure Project during this period of rapid development and value accretion."
For and on behalf of the Board
Peter Landau
Executive Director
For further information please visit www.blackmountainresources.com.au or contact:
Black Mountain Resources Limited
Shannon Robinson
Executive | Corporate Relations
T: +61 (8) 9488 5220
Black Mountain Resources Limited
Eva Bezruchko
Investor Relations
T: +44 (0) 207 025 7040
Media (Australia)
PPR
David Tasker
T: +61 (8) 9388 0944
Media (UK)
St Brides Media & Finance Limited
Elisabeth Cowell
T: +44 (0) 20 7236 1177
Nominated Advisor (UK)
RFC Ambrian Limited
Stuart Laing
T: +61 (8) 9480 2500
Broker (UK)
Xcap Securities
Jon Belliss
T: +44 (0) 20 32162630
About Black Mountain Resources Limited
Black Mountain Resources Limited is a dual listed (ASX | AIM: BMZ) silver and gold focused development company focussed on the advancement of three highly prospective previously operating assets located in two of the worlds most developed and proven silver and gold mining regions of Idaho and Montana, USA.
The Company holds a 70% interest in the New Departure Silver Project, the Conjecture Silver Project and the Tabor Gold and Silver Project pursuant to 45 year leases from Chester Mining Company, Lucky Friday Extension Mining Company and Brush Prairie Minerals respectively.
Black Mountain plans to implement low cost production and development programmes across all three assets.
It is also implementing exploration programmes to capitalise on the exploration upside potential apparent across its portfolio.
Black Mountain Resources Limited was incorporated on 29 October 2010 and is listed on the Australian Securities Exchange (ASX) and Londons AIM Market - trading codes BMZ and BMZO.
Black Mountain Resources Limited
London
Suite 1A, Princes House
38 Jermyn Street
London SW1 6DN
Tel: +44 (0) 207 025 7040
Australia
Ground Floor
1 Havelock Street
West Perth WA 6005
Tel: +61 (8) 9488 5220
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