found on other website
posted on
Nov 08, 2010 05:45AM
The information that you are requesting is considered to be press release worthy. As such the Ontario Securities Commission insists that we distribute this type of information publicly through a qualified multimedia agency.
Your mill throughput at 200 TPD is low by 50 tons per day. Our initial target is 250 tonnes per day and then once totally stabilized we will slowly raise tonnage from there to see what the maximum throughput actually is. We will then decide at what level we are comfortable running the mill. It will be 250 or more TPD ( tones per Day )
The drilling continues. We are now starting our more serious holes that are being paid for and supervised by the Government Mining Agency of Mexico.
I will release production levels of throughput after I am comfortable that the level of throughput can be maintained. I will release results at the same time.
I have no intention of releasing news prior to me being satisfied that our mill is well on the way to profitability, of which I have no fear that it will not be. As the holder of 3,100,000 shares at an average price of $.12 cents, I sleep well every night.
Best Regards
Jim Voisin
President & CEO
UC Resources LTD