Belvedere Starts Further Tests on Open-Pit Nickel Ore for Processing at Hitura
May 14 2014 - 4:16PM
Marketwired
Belvedere Starts Further Tests on Open-Pit Nickel Ore for
Processing at Hitura
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2014) -
Belvedere Resources Ltd. (TSX-VENTURE:BEL) ("The Company") is
pleased to announce that in response to the recent recovery in
nickel prices it has initiated further tests to improve the
marketability of nickel concentrate from the Hitura Mine
open-pit.
Previous test mining during 2013 indicated that the open-pit
ores, when blended with Hitura underground ores, produced a good
concentrate; but that open-pit ore alone produced a low nickel
tenor concentrate. The Company has dispatched samples for further
flotation test work aimed at boosting the concentrate grades and
recoveries from the Hitura open pit ores.
The open-pit at Hitura is fully permitted to be mined and is
readily accessible. Currently, there are no plans to restart
pumping at the underground operations. Meanwhile the Company
continues with its Feasibility Study on the Kopsa gold copper
project.
Forward Looking Statement: Some of the statements
contained herein may be forward-looking statements, which involve
known and unknown risks and uncertainties. Without limitation,
statements regarding future plans and objectives of the Company
(including statements relating to possible re-commencement of
production at Hitura and the improved marketability of nickel
concentrate) are forward-looking statements that involve various
degrees of risk. It is important to note that the Company's actual
results could differ materially from those in such forward-looking
statements.
About Belvedere: Belvedere Resources Limited is a
mining company incorporated in British Columbia with a primary
focus on nickel, gold, cobalt and copper in Finland. The Company
produced 2,200t of nickel in concentrate in 2012 from its Hitura
nickel mine in Central Finland which was put into care and
maintenance in June 2013. The Company has a number of advanced gold
projects in close proximity to the Hitura mine. The Company is
focused on completing the feasibility study for its Kopsa gold
copper project.
BELVEDERE RESOURCES LTD.
David Pym, CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Belvedere Resources Ltd.David PymCEO1-604-844-2838Belvedere
Resources Ltd.Steven
CuthillCFO1-604-513-0007www.belvedere-resources.com
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