TSX-V: CUG and CUG.DB
MONTREAL, June 6, 2016 /CNW/ - Cyprium Mining
Corporation ("Cyprium" or the "Company") (TSX-V: CUG
and CUG.DB) is pleased to announce that it has signed an agreement
with Chihuahua, Mexico based
mining contractor Bergmann Mexico SA de CV ("Bergmann") with
respect to mine development and other mining activities including
drilling, blasting and extraction of mineralized material at the
Potosi silver mine.
Mr. Alain Lambert, Chairman and
CEO of Cyprium commented: "We appointed Bergmann in February to
carry-out the Potosi shaft #3
project which consisted in the rehabilitation and improvement of
the extraction capability of the shaft as well as improvement of
infrastructure, security and preparation of prospective mining
areas at levels 2 to 4 of the mine. Not only did Bergmann complete
the project on time and on budget but they also contributed several
ideas which strengthened the original plan. " He added: "Bergmann
has a deep and extensive knowledge of the Potosi mine as they were the contractor used
by our joint venture partner when the mine was last in production a
few years ago."
Under the supervision of Cyprium's head geologist Mr.
Roberto Banda, Bergmann will perform
mining development services which will include pre-mining
development activities, extraction of minerals in mine and mine
development on a "cost plus" basis. As part of the agreement signed
today, Bergmann will also be evaluating and making a recommendation
on the possible rehabilitation of shaft #1in order to provide
access to additional levels of the mine.
Mr. Lambert concluded: "In the next few days I will be working
closely with our team to establish a firm date for the commencement
of the extraction activities which will lead to mineralized
material being sent to the Aldama
plant for processing and then delivery of concentrates to Trafigura
Mexico SA de CV."
About Cyprium Mining Corporation
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SOURCE Cyprium Mining Corporation