ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CPQ Canplats Resources Corp Com Npv

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Canplats Resources Corp Com Npv TSXV:CPQ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Canplats Commences Pre-Feasibility Studies At Camino Rojo

24/09/2009 1:30pm

Marketwired Canada


Canplats Resources Corporation (TSX VENTURE:CPQ) is pleased to announce that the
in-house technical assessment of the Represa Zone has now been completed and the
Company has engaged Mine and Quarry Engineering Services, Inc. ("MQes") of San
Mateo, California, to conduct a pre-feasibility study for the project. The
Represa pre-feasibility study will provide a comprehensive technical and
economic examination of key parameters for large-scale heap-leach mining of
oxide and transitional mineralization. One aspect of this program, further
metallurgical testwork, is currently underway.


MQes is a specialized consulting and engineering company supplying geological,
mining and process engineering services to the mining industry worldwide. The
company comprises a group of leading professionals in the technical disciplines
of geology, geostatistics, mine planning, mineral dressing, metallurgy, chemical
engineering, process design, cost estimation, and project management, supported
by mechanical, electrical, civil, structural and instrumentation design
engineers.


The wholly-owned Camino Rojo project hosts measured and indicated resources
estimated at 3.44 million ounces of gold and 60.7 million ounces of silver at
the Represa Zone with additional inferred resources of 0.56 million ounces of
gold and 7.6 million ounces of silver (see news release dated November 24, 2008
and table to follow). Mineralization remains open for further expansion in both
strike directions and to depth.


The Represa Zone is situated in flat terrain within an area of excellent
infrastructure, less than 5 kilometers from a paved highway and high voltage
power lines. Canplats is actively pursuing the acquisition of surface rights in
the Represa area.




REPRESA MINERAL RESOURCE SUMMARY(i)

--------------------------------------------------------------------
               Size                 Grade
            --------------------------------------     Gold   Silver
               Tonnes   Gold  Silver   Zinc   Lead   Ounces   Ounces
Category    (Millions)  (g/t)   (g/t)    (%)    (%)  (000's)  (000's)
--------------------------------------------------------------------
Measured         9.58   0.76   13.40   0.34   0.29      235    4,126
--------------------------------------------------------------------
Indicated      153.81   0.65   11.44   0.37   0.18    3,210   56,582
--------------------------------------------------------------------
Total M&I      163.39   0.66   11.56   0.37   0.19    3,445   60,708
--------------------------------------------------------------------
Inferred        31.03   0.56    7.63   0.31   0.10      555    7,612
--------------------------------------------------------------------
(i) Based upon a cut-off grade of 0.2 grams gold per tonne for oxide
    and transitional resources, with a cut-off grade of 0.3 grams gold
    per tonne for sulphide resources.



To receive Canplats' news releases by e-mail, contact Blaine Monaghan, Director,
Investor Relations, at info@canplats.com or (866) 338-0047.


Statements contained in this news release that are not historical fact, such as
statements regarding the economic prospects of the company's projects, future
plans or future revenues, timing of development or potential expansion or
improvements, are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such forward looking
statements are subject to risks and uncertainties which could cause actual
results to differ materially from estimated results. Such risks and
uncertainties include, but are not limited to, the company's ability to raise
sufficient capital to fund development, changes in economic conditions or
financial markets, changes in prices for the company's mineral products or
increases in input costs, litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments in Mexico,
technological and operational difficulties or inability to obtain permits
encountered in connection with exploration and development activities, labour
relations matters, and changing foreign exchange rates, all of which are
described more fully in the company's filings with the Securities and Exchange
Commission.


Cautionary note to U.S. investors: The terms "measured mineral resource",
"indicated mineral resource", and "inferred mineral resource" used in this news
release are Canadian geological and mining terms as defined in accordance with
National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI
43-101") under the guidelines set out in the Canadian Institute of Mining,
Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral
Reserves. We advise U.S. investors that while such terms are recognized and
permitted under Canadian regulations, the SEC does not recognize them. U.S.
investors are cautioned not to assume that any part or all of the mineral
deposits in the measured and indicated categories will ever be converted into
reserves. "Inferred mineral resources" in particular have a great amount of
uncertainty as to their economic feasibility. It cannot be assumed that all or
any part of an inferred mineral resource will ever be upgraded to a higher
category. Under Canadian rules estimates of inferred mineral resources may not
generally form the basis of feasibility or other economic studies. U.S.
investors are cautioned not to assume that any part or all of an inferred
mineral resource exists, or is economically or legally mineable. Disclosure of
contained metal expressed in ounces is in compliance with NI 43-101, but does
not meet the requirements of Industry Guide 7 of the SEC, which will only accept
the disclosure of tonnage and grade estimates for non-reserve mineralization.


1 Year Canplats Resources Corp Com Npv Chart

1 Year Canplats Resources Corp Com Npv Chart

1 Month Canplats Resources Corp Com Npv Chart

1 Month Canplats Resources Corp Com Npv Chart