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cobalt investing

Formation Metals Begins Earthworks Construction at Idaho Cobalt Project Mine Site

Written by Investing News Network
|
Jul. 26, 2011 08:36AM PST

Formation Metals Inc. (TSE:FCO) reports that it has been informed that mine site earthworks construction has began on the Idaho cobalt project mine site.

Formation Metals Inc. (TSX:FCO) reports that it has been informed that mine site earthworks construction has began on the Idaho cobalt project mine site.

The press release is quoted as saying:

Portal bench mine site earthworks have commenced. The mine site access road upgrade segment of Stage II Construction is essentially complete with over 8.7 miles (14 km) of improvements now in place. The current stage of portal bench and portal access construction will be joined by concurrent mill and concentrator site earthworks. The mine site earthworks bidding analysis completed with the contract awarded to Dahle Construction LLC of Salmon, Idaho, who has mobilized earth moving heavy equipment and established a crushing facility nearby to provide raw materials for construction.

Formation Metals’ President and CEO, Mari-Ann Green says:

“We knew it was only a matter of time, but it is still very gratifying to see heavy equipment turning dirt at the mine site.” “Getting a start on the portal bench now will help keep us on that critical path to production for Q2 of next year.”

Click here to access the entire news release. 

Click here to access Formation Metals’ company profile.(TSX:FCO)

cobalt investing formation metals tsx:fco
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