SOURCE: Baja Mining Corp.

Baja Mining Corp.

November 04, 2014 13:13 ET

Baja Management Provides Boleo Update

VANCOUVER, BC--(Marketwired - November 04, 2014) - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE: BAJ) (OTC: BAJFF) is pleased to report that management had the opportunity to visit the Boleo Project on October 30 and 31, 2014. Management together with personnel of Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB") made a detailed tour of the surface and underground mining, the process plant and support facilities. Mining activities have resulted in stockpiled ore sufficient to feed the plant for more than one year. Plant commissioning of the main copper circuits is nearing completion with almost all circuits now operational. Ore is being fed through all components of the ore preparation circuit, including the primary crusher, stacker, reclaim system, scrubber and ball mill. The counter current decantation and solvent extraction circuits have also been commissioned for production. MMB management informed Baja that presently there are no foreseen obstacles standing in the way of reaching production. The current schedule provided by MMB management calls for the electrowinning plant commissioning to be completed shortly with production to start by the middle of November. Construction of the cobalt-zinc circuit is advancing and is expected to be completed before the end of the year. 

Surface mining continues, but at a slowed rate as stockpiles are approaching their capacity. Positive progress was also observed‎ in underground mining with new methods and equipment being tested in mine 303C. There are still significant challenges to be overcome in underground mining, which remains the anticipated source for higher grade ore. 

Baja management was advised that MMB's newly appointed COO, Mr. Sang Bum Lee, is expected to be based permanently at site from about the third week of November 2014.

"We are very impressed with the progress made in advancing the commissioning of the Boleo mine and process plant. On behalf of Baja and its shareholders, I wish to commend the MMB management and operating personnel for their extraordinary efforts and commitment to the construction and start-up of such a large and complex processing facility," said Tom Ogryzlo, Baja Interim CEO.

For further information, please contact Baja's Interim CEO Tom Ogryzlo at 604‐685‐2323 or via email at info@bajamining.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements or forward-looking information (forward-looking statements). These statements can be identified by expressions of belief, expectation or intention, as well as those statements that are not historical fact. Forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements contained in this press release are based on our current estimates, expectations and projections, which the Company believes are reasonable as of the current date. Actual results could differ materially from those anticipated or implied in the forward-looking statements and as a result undue reliance should not be placed on forward-looking statements. Additional risks and uncertainties can be found in the Company's reporting documents filed on SEDAR (www.sedar.com), including its Management Discussion and Analysis and Annual Information Form. Forward-looking statements are given only as at the date of this press release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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