Coronado Resources Progress Update from the Madison Mine

Coronado Resources Ltd. (PINK:CRDAF) resumes development at the company’s gold and copper mine, 30 miles south of Butte, Montana, USA.

The press release is quoted as saying:

The company has been awaiting confirmation for two months regarding processing of its gold and copper ore at two different processing plants. Gold ore for direct processing of over 800 tons on surface averaging approximately .750 oz/t of gold (25.72 g/mt au) is now planned for shipment in April. Also stored on surface is over 2200 tons of ore grading .350 oz/t of gold, 1.70oz/t of silver and 3% copper which is waiting processing into concentrate. Metallurgical testing is working towards a three to one concentrate ratio with current recovery tests for gold and copper being near 90%.

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