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CMC Metals Ltd. Update on 2010 Drill Assay Results at Silver Hart

posted on Oct 25, 2010 12:55PM

http://www.baystreet.ca/users/newswire/viewarticle.aspx?id=384892

CMC Metals Ltd. Update on 2010 Drill Assay Results at Silver Hart / Increase in 1,500,000 Unit Private Placement @ $0.15

10/25/2010 [ACCESSWIRE]

Vancouver, B.C.:
CMC Metals Ltd. (the "Company") is pleased to announce the first set of exploration assays from 2010 drilling at the Silver Hart Mine site. A total of 827.2 meters were drilled in 21 drill holes. A total of 4 holes were drilled in the TM zone, 4 holes at the S zone and 13 holes at the KL zone. The primary purpose was infill drilling as recommended in the 2010 Silver Hart NI43-101 report. Drill holes SH10-01 and SH10-02 were structural geology holes testing the truncation of the TM vein system to the south. It did confirm that a displacement fault has truncated the vein system. However, it is unclear if the fault occurred pre-depositional or post depositional of the vein structure. Further investigation will determine if the south vein structure has been shifted from its current strike line. The following are the highlights from the first set of data on the 2010 drill core:

Zone	Hole #	Intersect Depth Meters	Intersect Width Meters	True Width Meters	Silver opt	Silver grams/tonne	Lead Percent	Copper Percent	Zinc Percent
TM	10-03	41.40	0.80	0.32	44.0	1510	12.75	0.37	25.90
TM	10-04	21.80	0.48	0.19	18.1	622	1.12	0.20	26.60
TM	10-04	29.80	0.20	0.18	24.4	838	5.40	0.14	6.67
S	10-19	29.50	0.15	0.13	54.0	1850	0.94	0.34	10.45
S	10-19	31.59	0.16	0.14	284.4	9750	54.41	0.95	5.48
S	10-20	26.82	0.36	0.24	175.6	6020	7.90	0.88	22.72
KL	10-05	22.95	1.65	1.49	8.2	282	0.44	0.06	3.18
KL	10-10	26.10	0.78	0.73	65.9	2258	16.65	0.51	2.18
	Incl.	26.30	0.38	0.35	125.7	4310	33.45	0.86	2.42
KL	10-10	30.56	0.64	0.60	22.7	779	0.75	0.45	8.25
	Incl.	30.71	0.29	0.27	40.7	1395	1.30	0.87	16.30

Samples were prepared and assayed by ALS Laboratory Group in Vancouver, an ISO qualified assay facility. Silver values were determined using fire assay method with gravimetric finish. All other assays were by 4AR-ICP method. Standard samples and blanks were used for quality assurance and quality control for sample analysis. Estimated structure dip for true width was 75 degrees for the TM and S zones and 65 degrees for the KL zone.

The Company further wishes to announce that the number of units offered pursuant to the 1,500,000 Units at $0.15 per Unit as announced in its September 24, 2010 press release has increased to 1,568,000 Units on the same terms and conditions as set out in its referenced September 24th release, in that each Unit will consist of one common share and one transferable share purchase warrant exercisable on a 1:1 basis at $0.20 per share for a twelve month period, subject to regulatory approval.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Don Wedman, P.Eng., President and Chief Executive Officer for CMC Metals Ltd., a qualified person under National Instrument 43-101.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.