THEMAC Resources Group Limited Begins Follow Up Drilling at Copper Flat
June 23 2011 - 8:00AM
Marketwired
THEMAC Resources Group Limited ("THEMAC" or "the Company") (TSX
VENTURE: MAC) is pleased to announce that, on June 21, 2011, the
Company began a follow-up drilling program on its Copper Flat
project 50 km southwest of Truth or Consequences, New Mexico.
The program anticipates drilling approximately 18,000 meters of
combined core and RC spread among nearly 47 holes. The initial
phase will consist of infill drilling and is intended to upgrade to
NI-43-101 standards previously drilled ore categories to either
"indicated" or "measured".
Additional step out drilling will also be carried out and is
intended to more precisely delineate the full extent of the ore
body.
-- Several drill holes will test significant anomalies recently outlined by
a major geophysical program carried out earlier this year. Final
interpretations of this program are anticipated to be released.
-- As part of the overall program, samples will be taken for further
metallurgical testing as well as geotechnical data to determine ultimate
mine slope stability.
-- The Company will shortly award a prefeasibility study contract which
will be carried out by an independent engineering firm with close in-
house supervision. A final document is anticipated towards the end of
2011.
About the Copper Flat Project
Copper Flat is a former producing mine located approximately 50
kilometers southwest of Truth or Consequences in Sierra County.
Permitting for a return of the project to production is at an
advanced stage, and the prefeasibility study is targeted for
completion during 2011.
The Copper Flat project is a porphyry
copper-molybdenum-gold-silver deposit. The deposit has NI43-101
Indicated Mineral Resources of 107 million short tons grading
0.303% copper and 0.01% molybdenum for 645 million lbs copper and
21.4 million lbs molybdenum, plus Inferred Mineral Resources of 46
million short tons grading 0.24% copper and 0.006% molybdenum for
222 million lbs copper and 5.6 million lbs. of molybdenum.
Project land package comprises in excess of 1,200 hectares. For
more information visit www.themacresourcesgroup.com.
About THEMAC Resources Group Limited
THEMAC is a copper development company with a strong management
team and as of May 18, 2011, a 100% ownership interest in the
Copper Flat copper-molybdenum-gold-silver project in New Mexico,
USA. We are committed to bringing the closed copper mine, Copper
Flat, in Sierra County, New Mexico back into production with
innovation and a sustainable approach to mining development and
production, local economic opportunities and the best reclamation
practices for our unique environment. The Company is listed on the
TSX Venture Exchange (ticker: MAC) and has issued share capital of
74,117,622 common shares (fully diluted share capital
134,523,241).
For more information please visit www.themacresourcesgroup.com
or review the Company's filings on SEDAR (www.sedar.com).
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) has reviewed, nor do they accept responsibility for the
adequacy or accuracy of, this release.
Contacts: THEMAC Resources Group Limited Barrett Sleeman, P.
Eng. Chief Executive Officer (505) 274-1638 (604) 806-6112 (FAX)
www.themacresourcesgroup.com
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