Coronado Resources Ltd.
TSX VENTURE : CRD

Coronado Resources Ltd.

September 24, 2009 13:45 ET

Shipment of 35% Copper From Coronado Resources' Madison Gold/Copper Project in Montana USA, to China

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2009) - Coronado Resources Ltd. (TSX VENTURE:CRD) has completed another shipment of copper, grading over 35% Cu in addition to the shipment of 31% Cu reported earlier this month. A payment of $262,010 U.S. was received for this latest shipment, representing 90% of the expected final proceeds.

These two recent shipments are expected to contain over 286,000 pounds copper. Total proceeds to the company, after paying freight, treatment and refining charges for the shipments are expected to be over $560,000 U.S.

Coronado Resources Ltd. is continuing to bring high-grade copper to the surface from its underground operation at the Madison Gold/Copper property in Silver Star, Montana USA.

Assay work was completed by Norris Labs, a local Montana lab that is not registered by the international standards organization, they are used due to proximity and quick turn around results. Eugene Larabie, P. Eng. is the "qualified person" overseeing the project. For more information and photos please visit the company's website at www.coronadoresourcesltd.com.

On Behalf of the Board

Eugene Larabie, President

The foregoing information may contain forward-looking statements relating to the future performance of Coronado Resources Ltd. Forward-looking statements, specifically those concerned with future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in filings with the appropriate securities commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Coronado Resources Ltd.
    Eugene Larabie
    President
    604.683.6338