VANCOUVER, April 19, 2013 /CNW/ - Prima Fluorspar Corp.
(TSX-V: PF) ("Prima" or the "Company") is pleased
to announce that at the open of market today, its common shares
began trading on the TSX Venture Exchange (the "TSX-V").
Prima is expanding a historic fluorspar resource* at its Liard
Fluorspar Property in Northern British
Columbia.
"Fluorspar (fluorite) is indispensable to our
modern existence," explains Robert
Bick, CEO of Prima. "We use it every day. It is an integral
part of consumer products like Teflon® and GORE-TEX®,
refrigeration, aluminum and steel smelting, medicines, cement and
petroleum-based fuels."
"Astonishingly," adds Mr. Bick, "there are no
fluorspar mines in Canada or
USA. Prima's large fluorspar
property in British Columbia has a
historic resource, easy access and mineralization at surface. With
30 km of strike length, our geo team believes that this property
has the potential to become a major fluorspar producer."
"Our management team has just the right
combination of technical, marketing and financial expertise
required in an early stage company. Our industry partners, Zimtu
Capital Corp. and 49 North Inc. provide support critical in today's
challenging markets."
HIGHLIGHTS ABOUT PRIMA'S HISTORIC
RESOURCE*
- 3.2 million tonnes at an average grade of 32% fluorspar*
- Mineralization at surface
- 30 km strike length
- Metallurgical Testing: 97% CaF2*
- 22,500 ha (55,000 acres), 100%-owned claims
- Easy access, on Alaska Highway
in British Columbia
FLUORSPAR FACTS:
- No fluorspar mines in Canada
or USA
- Uses: Refrigeration, aluminum and steel smelting,
consumer products like Teflon® and GORE-TEX®, medicines, cement,
and petroleum-based fuels
- $2.4 billion/annum market
- North American Purchasers: Chemical Companies - Dupont,
Honeywell; Aluminum Producers: Rio Tinto Alcan (Kitimat)
PRIMA MANAGEMENT TEAM
Robert Bick,
President/CEO
Robert Bick is an
experienced company builder. Mr. Bick is the former CEO and
Executive Chairman of Evolving Gold Corp. (www.evolvinggold.com).
He joined Evolving Gold when it had a market cap of less than
$3 million, trading on the CNSX.
During Robert's tenure, the market cap increased from $3 million to over $100
million. Evolving Gold raised over $50 million during that period, moved to the
TSX-V and subsequently graduated to the TSX main board.
Andrew
Davidson, Chief Financial Officer
Andrew Davidson
provides extensive financial and public company knowledge to the
team. Mr. Davidson is a Chartered Accountant with extensive
experience in Canadian and international financial reporting
standards. He has years of experience in public practice accounting
focusing specifically on assurance for publicly listed enterprises.
Mr. Davidson is also the CFO of 49 North Resources Inc.
(http://www.fnr.ca/index.cfm), a Canadian resource investment
company headquartered in Saskatchewan. Mr. Davidson currently sits as a
director for Kimpar Resources Inc. and Allstar Energy Limited.
Sean Charland,
Director
Sean Charland
provides a critical marketing presence for Prima in Toronto. Mr. Charland is a seasoned
communications professional with experience in raising capital and
marketing resource exploration companies. Mr. Charland is a
director of Zimtu Capital Corp., an investment issuer listed on the
TSX-V. His network of financial community contacts extends across
North America and Europe. Mr. Charland also serves as a CEO of
Red Star Resources and Director of Arctic Star Exploration
Corp.
Dean Nawata,
Director
Dean Nawata
contributes public market and capital finance depth to the team.
Mr. Nawata has over 18 years of public market experience, nine of
which he spent as a licensed stockbroker focusing on financing of
junior mining and oil/gas projects with Nesbitt Burns, Research Capital Corporation, and
Raymond James. Mr. Nawata currently
holds a position in Business Development for 49 North Resources and
is President / CEO of Olympic Resources Ltd. and Director of Big
North Graphite Corp.
Jenna Hardy,
Director
With over 30 years as mining industry
geoscientist, Ms. Hardy supplies technical, geological expertise to
the team. As a professional geoscientist, she has been involved in
project coordination, regulatory and permitting issues,
implementation and monitoring of environmental action plans and
procedures, as well as environmental impact assessment. Ms. Hardy
also serves as a Director of Commerce Resources, HFX Holdings and
Argentex Mining.
Please feel free to contact me at any time
rbick@primafluorspar.com or at 604-681-1568.
For more information about Prima please visit:
http://primafluorspar.com/
I look forward to hearing from you.
ON BEHALF OF THE BOARD
PRIMA RESOURCES CORP.
"Robert Bick"
Disclaimer for Forward-Looking
Statements
Statements in this news release that are not
historical facts are forward-looking statements that are subject to
risks and uncertainties. Words such as "expects", "intends",
"plans", "may", "could", "should", "anticipates", "likely",
"believes" and words of similar import also identify
forward-looking statements. Forward-looking statements in
this news release include statements about the potential of the
property to become a major fluorspar producer. Actual results may
differ materially from those currently anticipated due to a number
of factors beyond the Company's control. These risks and
uncertainties include, among other things, the risks associated
with being a mineral exploration company. These
forward-looking statements are made as of the date of this news
release and, except as required by applicable laws, the Company
assumes no obligation to update these forward-looking statements,
or to update the reasons why actual results differed from those
projected in the forward-looking statements.
*Historical Data
Prima Fluorspar Corp. has not undertaken an
independent verification to classify the historic resource estimate
quoted from a Mineral Potential Compilation Report for the BC
Department of Economic Development, written by Wright Engineers
Limited and H.N. Halvorson Consultants Ltd., in January 17, 1975 as a current mineral resource.
Neither has Prima independently verified the results of the
previous exploration work. Therefore, the historical mineral
resource should not be relied upon, but the issuer believes the
information to be relevant and reasonably reliable. An unknown
quantity of the 3.2 million tonnes are on mineral claims outside of
the current Liard Fluorspar Property. However, based on the
information available, the majority of the estimate is based on the
deposits located on Prima's Liard Fluorspar Property. The key
assumptions, parameters and methods of the resource estimate are
unknown at this time. New deposit definition drilling is needed to
develop a current resource estimate on the property. Prima believes
that these historical mineral resources provide a conceptual
indication of the potential of the property and are relevant to
ongoing exploration.
SOURCE Prima Fluorspar Corp