Four Corners Delivers Positive Metallurgical Report
Four Corners Mining Corporation (FCMC) of Stephenville, NL on behalf of parent company Triple Nine Resources Ltd. reports it has received the comprehensive 70 page final report on the metallurgical work carried out by ALS Ammtec in Western Australia from June to December, 2011. This testing was supervised by Ross MacFarlane, P. Eng. of SRK Consulting of Toronto, ON, engaged by FCMC to interpret and guide the metallurgical testing.
Mr. MacFarlane advises “The metallurgical work was designed to test a preliminary flow sheet to concentrate the ore as well as guide future exploration and process development work. The work intended to give some preliminary insight to the economics of the deposit shows the ore producing a concentrate with more than 65% Fe (iron) – about 70% Fe recovery, and more than 90% recovery of the vanadium, (at more than 2.5 times the vanadium grade in the ore), and more than 80% of the contained TiO2 (titanium)”.
FCMC Chairman and CEO Len Muise states the company is extremely pleased with these positive results at this early stage in the development of what drilling is revealing to be an extensive deposit of titanium and vanadium enriched iron ore. He advises the 2011 airborne geophysical surveying and prospecting shows the mineralization extends at least 15 kms and is a strong indication of the overall economic potential at the FCP, noting SRK states “the large size of the deposit will probably have areas where it will be easier to concentrate these metals and have the highest potential of supporting commercial production”.
Based on this favorable metallurgical report the Four Corners Project could conceivably be the first commercial production of titanium – vanadium – iron ore minerals from the Bay St. George Complex; so named by FCMC to represent the suite of mineralized rocks which can now be traced to within several kms of the shoreline of Bay St. George and the ice free, deep water port and industrial center of Stephenville 20 kms west.
The company is also pleased to acknowledge the on-going financial support received since 2009 from the Government of Newfoundland and Labrador through the Junior Exploration Assistance grants awarded by the Department of Natural Resources. Mr. Muise adds “the grants have greatly benefited the exploration and geological understanding of this newly recognized mineralized district situated within the Long Range Mountain of southwestern Newfoundland”.
The technical information in this news release was reviewed by Vic French, P. Geo., VP Exploration and a qualified person as defined by National Instrument 43-101.