February 1st, 2012
Smithers, British Columbia
Dome Mountain Mine Project Update
Management of Metal Mountain Resources Inc. and Gavin Mines Inc. are pleased to provide the following update on the progress at the Dome Mountain gold-silver mine near Smithers, British Columbia. All surface and underground pre-production work at the site is now complete and ore production is set to commence shortly. All systems are functioning normally in spite of extreme northern winter conditions with temperatures to -38°C and heavy snowfalls.
Since the last update in September 2011, the fuel storage and distribution system has been installed; the maintenance shop has been completed; the turnaround area for the highway trucks has been built; and the 400KV generator has been installed. Off-site the pull-outs on the Chapman and Michelle Bay (North) Forest Service Roads have been finished.
Underground, Cobra Mining & Excavating Ltd. (Cobra) has advanced the workings to the entrance of the first cut and fill stope on the 1290 level. From this location, the mine will be able to commence ore production from two faces. Cobra has also started work on the vent raise from the 1290 to the 1370 level. This raise is a key component of the ventilation system. Also, underground drilling was conducted by Silverton Drilling who completed four holes to join the two levels - a drain hole, a power cable hole, and two holes for guiding the vent raise. All four holes were successful in intersecting their respective targets.
Approximately 800 tonnes of ore have been crushed to 2" minus and stockpiled inside the load-out structure ready for shipping once the processing contract has been finalized. This ore came from surface stockpiles left by the previous operator.
Within the next month, the water treatment plant will be put online to start treating water from the sediment control pond. This will require some minor changes to the plant by the manufacturer in order to meet the discharge limits in our Environmental Management Act Permit.
Engineering/geology staff at the mine have been working on developing surveying and ore control operational procedures that will be required to guide the mining. At the same time, Linden Mining and Consulting (Linden) has been working to update the mine cut-off grade that was used in the Prefeasibility Study. Linden will then use the revised cut-off grade to produce long-range operational plans. Changes to the cut-off grade will result in changes to the mine ore reserve.
The final component to be resolved before shipping of ore can commence, is the signing of an ore processing contract. Management is working diligently with several potential operators and anticipates that a resolution will be announced shortly.
Gavin Mines Inc. is pleased to welcome Jim Hutter, P.Geo. to our production group. Jim is responsible for short and long term mine planning and general engineering working closely with the Mine Geologist and Mine Manager.
For further information please contact:
VP of Communications
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. Daryl Hanson, P.Eng. is contracted as a consultant to the company and acted as the company's Qualified Person, as defined by National Instrument 43-101 and has reviewed and approved the full contents of this news release.
Wayne Kindrat, Mine Manager and Anja Weiss, Geologist reviewing the mine plan
Boulder Vein 1290 Level - Association of Professional Engineers and Geoscientist tour of Dome Mtn.
5 yd and 2 yd scooptrams at 1290 portal
FORWARD LOOKING STATEMENTS:
The information contained in this website is provided solely for the reader's general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning Metal Mountain Resources Inc. All information is offered on a "best intentions" basis. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by the Company to that effect.
This website includes "forward looking statements". Other than statements of historical fact, all statements included in this document, including without limitation, statements regarding exploration results, future plans and objectives of the Company may be forward looking statements. These statements may reflect management's current beliefs and are based on information currently available to management. Forward looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements, including, but not limited to, general economic conditions, changes arising as drilling results unfold, changes in regulatory environments affecting the Company and the availability and terms of subsequent financings. Although the forward looking statements included in this document are based upon what management believes to be reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.