CPRK News:
May 6 -
Copper King Mining Corporation Provides Mill Construction Updates
Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in southern Utah, provided construction updates concerning its Flotation Processing Mill.
Copper King has received two semi truck trailer loads of GE transformers that were purchased at $0.30 on the dollar to build the new power substation for the Copper King Flotation Mill, which is nearing completion. Included are nine large 4160/480 transformers along with accompanying Stewart switches. Some smaller components remain to be purchased for the substation. Construction of the substation will be completed by Probst Electric, Copper King’s power line contractor.
In mid-2007 Copper King’s wholly owned mining and exploration subsidiary, Western Utah Copper Company, retained Hatch World Wide Mining consultants to provide technical assistance with respect to the mineral processing flow sheet. Pursuant to Hatch’s recommendation, Copper King acquired a nearly new Hardringe 5 X 8, 100 HP Magnetite Regrind Mill. The large concrete footings are installed and the regrind mill has been delivered to Copper King’s construction site. Installation is anticipated by May 10, 2008. Management anticipates mill completion and ore processing to begin by mid to late summer 2008.
The Magnetite Regrind Mill is expected to enhance the profitability of the magnetite for iron ore and other media iron products substantially. Without a regrind mill for reprocessing, the materiel would likely end up as waste product. |