New Mineral Resource Estimate for Plymouth Deposit 43,070,000 tonnes grading 10.01% Manganese
Toronto, Ontario--(Newsfile Corp. - December 3, 2021) - Canadian Manganese Company Inc. ("CMC" or the "Company") is pleased to report that it has filed a technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, reporting a Mineral Resource Estimate for the Plymouth manganese-iron deposit (Plymouth Deposit) (the "Woodstock Project") in New Brunswick, available on SEDAR (www.sedar.com).
The technical report is entitled "NI 43-101 Technical Report for the Woodstock Project, (Plymouth Manganese-Iron Deposit) Woodstock Area, New Brunswick, Canada" (the "Report") and has been prepared by Paul Ténière, M.Sc., P. Geo.; Matthew Harrington, P. Geo. (both of Mercator Geological Services Limited); Dean Thibault, P. Eng.; (Thibault and Associates Ltd) and Lawrence Elgert, P. Eng. (AGP Mining Consultants Inc) with an effective date of November 10, 2021. The Report updates the previous Mineral Resource Estimate of the Plymouth deposit disclosed in the Woodstock Project Preliminary Economic Assessment dated July 10, 2014.
Following the recent completion of the reassessment of strategic focus from the production of Electrolytic Manganese Metals ("EMM") to High Purity Manganese Sulphate Monohydrate ("HPMSM"), including current pricing analysis and preliminary operating cost estimates, the new Mineral Resource estimate, prepared in accordance...
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