Coronet Metals Reports First Gold Pour at Liberty Processing Facility

 Coronet Metals Inc. (TSXV:CRF) announced the first gold pour at its Liberty Processing Facility, located in Nevada.

As quoted in the press release:

Commissioning of the custom circuit, which process gold concentrates on a toll basis, started at the beginning of October 2013. The Merrill Crowe circuit, required for the extraction of gold from pregnant leach solution (PLS) in the leach tanks, is in final stages of commissioning. Coronet expects to achieve commercial operations in December 2013 once the entire circuit is operational and operating as intended by management.

Coronet Metals Inc. President and CFO, Theo van der Linde, said:

This first gold pour at Liberty is a major milestone on Coronet’s path to becoming a profitable gold producer. Over the coming months, the operations team at Liberty will be ramping the facility up to full initial capacity while seeking to secure additional supply contracts to support expansion within the existing permits. As production rates increase, Coronet expects Liberty to produce strong cash flow that will support organic growth for the company.

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