TORONTO, May 22, 2012 /CNW/ - Red Tiger Mining Inc., (TSXV-RMN), (the "Company" or "Red Tiger") is pleased to announce the first production of copper cathodes at its Luz del Cobre project. The project is 100% owned by the Company's wholly-owned subsidiary, Minerales Libertad, S.A. de C.V. and is located near the village of San Antonio de la Huerta in Sonora, Mexico.
Prior to commissioning the plant, 250,000 tonnes of ore from the open pit mining operation, with an average grade of 0.70 % copper, were crushed, stacked and put under leach in a specially constructed valley leach pad. Pregnant leach solution ("PLS"), is pipelined from a PLS pond over 3,000 metres to the solvent extraction plant where the copper content in solution is enhanced to be amenable to an electro-winning process to produce copper cathodes of high purity. The 48,000 pounds of copper per day capacity electro-winning plant began operations a week ago and the first stripping of pure copper cathodes commenced May 19. Certified assays confirming the quality of the cathodes are pending. Pictures of the status of operations and the production of copper can be seen on the Company's website www.redtigermining.com.
Luz del Cobre is a near surface blanket-type oxidized copper deposit with measured resources of 2,041,000 million tonnes at 1.3% copper and indicated resources of 2,521,000 million tonnes at 0.91% copper (NI 43-101 resource update, filed June 2009). The mineralization is open on at least two sides. The planned production is an average of 15 million pounds of copper per year over the first 6 years.
Thomas F. Utter, Dipl.-Geol, Dr.phil.nat., (Eurogeologist) acted as Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information contained in this news release.
Red Tiger is listed on the TSX Venture Exchange (symbol "RMN"). Common shares outstanding 65,557,175.
This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Red Tiger Mining Inc.
20 Toronto Street, 12th Floor, Toronto ON, M5C 288, Canada
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