Post by Franko10 ™ on Oct 27, 2004 13:16:25 GMT -5
U.S. Canadian Minerals Inc. Brings New Processing Online 10/27/2004 12:42:00 PM
LAS VEGAS, Oct 27, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (USCA) announced today that it has completed the acquisition of a controlling interest in a new processing plant in Buza, Ecuador. The first stage of the facility is 95% complete. The first stage of the plant will have capacity to process approximately 70 tons of gold ore per day. When completed, the second stage of the plant will have processing capacity of approximately 400 to 500 tons of gold ore per day.
Rendal Williams, CEO of USCA, stated: "I am excited that this new acquisition will bring our total processing capacity in Ecuador to over 130 tons per day." Williams continued, "Through our commitment to CMKM Diamonds and Nevada Minerals, USCA is working diligently to expand its production facilities to stay ahead of the processing requirements of the American Shaft gold ore production."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
SOURCE: U.S. Canadian Minerals Inc.
U.S. Canadian Minerals Inc. Chris Hanneman, 303-220-8476
Last Edit: Jan 30, 2005 20:58:11 GMT -5 by Franko10 ™
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