SOURCE: Cigma Metals Corporation

November 09, 2009 15:56 ET

Cigma Metals Corporation Is Pleased to Announce Very Encouraging Results of Metallurgical Tests for Its Beskauga Deposit in the Republic of Kazakhstan

ALMATY, KAZAKHSTAN--(Marketwire - November 9, 2009) - Cigma Metals Corporation (the "Company," "Cigma") (PINKSHEETS: CGMX) (FRANKFURT: C9KA) is pleased to announce very encouraging results of metallurgical tests for its Beskauga deposit in the Republic of Kazakhstan.

Key points

--  Flotation test produces impressive copper-gold recovery of 91.52% &
    67.20%  respectively
--  Copper grade in concentrate responds to a commercial copper flotation
--  Second round of tests is underway to achieve molybdenum recovery

A 129 kg sample was collected from fresh diamond drill core from ten drill holes from between 42 and 310m below surface. The sample underwent a comprehensive flotation test for recovery of gold, copper and silver to validate the viability of flotation methods for Beskauga ore.

The results include-

Product       Yield             Grade                    Recovery %
             -------- -------------------------- --------------------------
                %      Cu, %   Au, g/t  Ag, g/t    Cu       Au       Ag
             -------- -------- -------- -------- -------- -------- --------
Concentrate      1.26    19.50    25.80   123.40    91.52    67.20    54.78
             -------- -------- -------- -------- -------- -------- --------
Tailings        98.74     0.05     0.29     2.32     8.48    32.80    45.22
             -------- -------- -------- -------- -------- -------- --------
Ore            100.00     0.43    0.875     5.13   100.00   100.00   100.00
             -------- -------- -------- -------- -------- -------- --------

The respond of Beskauga ores to flotation process is remarkably high. Copper grade of near 20% plus 25.8g/t gold and 123.4g/t silver was achieved by only 1.26% ore yield in concentrate. That could significantly improve economical features of the project.

Beskauga Deposit -- Primary Geology and Infrastructure

Beskauga is a large gold-copper-porphyry system with an area of over 7km2 (Figure 2). The deposit area is composed by strongly hydrothermaly altered volcanic and intrusive rocks with numerous geochemical gold-copper anomalies. The gold-copper mineralization is associated with pyrite and chalcopyrite within wide-spread zones of chlorite-epidotic alteration. With gold and copper quite frequently is associated molybdenum in average grade of 0.014%. That is a common by-product of world copper-porphyry deposits, which seriously enhances the value of the ores. The Beskauga deposit belongs to gold-copper-porphyry type of mineralization, which controls over 70% of world copper resources. This type of mineralization is characterized by large dimensions and relatively low grades. Since 1980, several gold-copper mines world-wide have been producing copper-gold concentrates from ores grading 0.3g/t to 1.0g/t of gold equivalent. The ore resources of such deposits usually extend hundred of million tones.

The Dostyk project of 2,700 km2 (Figure 1) is located in the North Eastern region of Kazakhstan near the Russian and Chinese border. Infrastructure is just perfect with roads and railways crossing the license area. The region has been mined for gold, base metals, nickel, coal and others. Power lines with voltage up to 1,150 kW cross the project area.

Cigma Metals Corporation is a mineral exploration company focusing on the exploration and development of its mineral exploration property located in the Pavlodar province of Kazakhstan and its two exploration properties in the Tomsk province of Russia. All the project areas were selected due to their proximity to a well-developed infrastructure, known mineral occurrences and from historical records of gold and base metals production. The Company's stock is quoted for trading in the United States of America on the OTC Pink Sheets under the symbol "CGMX.PK," and under the symbol "C9KA.F" on the Frankfurt Exchange, in Germany.


"Agustin Gomez de Segura"
Agustin Gomez de Segura
President, CEO and Director


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Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. These cautionary statements qualify all of the forward-looking statements made in this press release. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at

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Contact Information

  • For further information please contact
    Agustin Gomez de Segura
    Address: 18, 80 Furmanova Str, Almaty, Republic of Kazakhstan
    Telephone: Almaty Office +7 327 2611 026