FARALLON MINING LTD : news : début prod reporté au 1er octobr

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03 juil. 2008 •16:36

October 1 target to fine-tune facilities
JDS continue as mining contractors

July 3 2008, Vancouver, BC Farallon Resources Ltd. (“Farallon” or the “Company”) (TSX: FAN; OTCBB: FRLLF) announces that the underground decline and surface facilities at the Company's G-9 project at the Campo Morado (zinc, copper, lead silver, gold) property in Guerrero State, Mexico are substantially complete. President and CEO Dick Whittington and his wife Gillian personally placed the first ceremonial load of rock into the crusher at noon on July 1, 2008.

The underground decline is approximately 30 metres from the initial zone of mineralization to be mined. It was hoped that decline development would be complete by July 1 but a zone of fractured, water-bearing rock was encountered, temporarily delaying development activities until safe mining conditions were restored. Development is now continuing and the mineralized zone is expected to be reached within two weeks. Surface construction is also substantially complete with all major mill components either on site, installed, operating or being commissioned. The water retention dam and tailings storage facility are also both substantially complete and will be operational within two weeks. The power line from Arcelia, a regional centre, to the G-9 site is finished and was energized on June 25, 2008.

The total cost for the project is currently projected to be US$138 million or approximately 11% over that expected in the December 2007 Preliminary Economic Assessment (News Release dated December 28, 2007). This concludes the construction phase of the project and, while construction activities will continue in several areas, the Company will now begin to focus on operational startup activities, targeting an October 1, 2008 completion date…

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