SOURCE: EMED Mining Public Limited

April 16, 2013 02:10 ET

EMED Mining Public Limited: Tailings Project Update

NICOSIA, CYPRUS--(Marketwired - Apr 16, 2013) - EMED Mining Public Limited (AIM: EMED) (TSX: EMD)


                                                         16 April 2013

                      EMED Mining Public Limited

                   ("EMED Mining" or the "Company")

Andalucian Government closes public comment period for Tailings Project

EMED Mining, the Europe-based minerals development and exploration
company, is pleased to report to shareholders that the Andalucian
Government has conducted the public comment period for the proposed
recognition of Class B Resources at the Rio Tinto Copper Project. Class
B Resources pertain to the potentially recoverable metal content of
waste materials resulting from previous operations when over 1.7 million
tonnes of copper, 3.4 million ounces of gold and 57 million ounces of
silver were recovered. Of particular interest to the Company is to
commence the feasibility for the recovery of silver and gold from a
section of the tailings deposit (the "Gossan Dam") in joint venture
with Andalucian investment group Rumbo 5.Cero.

The public comment period yielded only one negative comment, which
raised nothing of a material nature that had not already been taken
into account in the Company's plans.

Harry Anagnostaras-Adams, Managing Director and CEO of EMED Mining,
commented: "The tailings recycling joint venture is an important project
not only for its potential economic value but also because it can play an
important role in the environmental management of the tailings deposit
and in maximising its holding capacity."Whilst our immediate focus is on
the restart of the Cerro Colorado Open Pit, our plan is to extend project
life and annual production by targeting to expand the open pit, restart
the underground mines, recycle precious metal in the tailings deposit and
explore our ancillary tenements." "The various elements of our plans are
now starting to fall into place in a complementary pattern after extensive
consultation with the authorities."

For more information please contact:

EMED Mining                  Harry Anagnostaras-Adams    +357 9945 7843

RFC Ambrian                  Stuart Laing                +61 8 9480 2500

Fox-Davies Capital           Simon Leathers/Susan Walker +44 203 463 5022

Bishopsgate Communications   Nick Rome                   +44 207 562 3350

Proconsul Capital            Andreas Curkovic            +1 416 577 9927

Background Notes:

Tailings Reprocessing (Source: Independent NI-43101 Technical Report
February 2013)

Production of precious metals (Au and Ag) from the Gossan plant
occurred from 1970 through to 2001. In that time a total of 93.6 Mt of
gossan (oxide) material was processed producing 3.4 million ounces of
gold and 55.8 million ounces of silver at an average recovered grade of
1.1 g/t Au and 18.5 g/t Ag. Recoveries were 84% for gold and 34% for
silver. This made Rio Tinto the biggest precious metal producer in
Europe since the Middle Ages.

Tailings from the gossan treatment plant were deposited from 1971 to
1987 in the Gossan dam (31.6 Mt) and from 1988 to 2001 was mixed with
copper tailings in the Aguzadera dam (60.0 Mt). For this reason the
Gossan dam has the better potential for retreatment of the precious
metal tailings than the Aguzadera dam.

Retreatment of the Gossan tailings dam was investigated by RTMSA
(previous operator) in 1992, by drilling 17 holes into the Gossan
tailings dam that returned average grades (from 325 samples) of 0.3 g/t
Au and 31.0 g/t Ag which supports the historical production data.
Standard cyanide testing of the samples recovered 40% of the Au and 11%
of the Ag. In view of the projected recoveries and the prevailing
precious metal prices at that time (Au USD364/oz and Ag USD4.00/oz),
re-treatment was not deemed to be economically viable. EMED Mining
carried out documentation from archived material in the EMED Mining
library covering the years 1971-1987 except 1971, 1972, 1973 1983 and
1984 confirming about 24.2 Mt of the 31.6 Mt deposited in the Gossan

At current (2012) precious metal prices the tailings in the Gossan dam
constitute a potential mineral resource and EMED Mining intends to
continue evaluation of the tailings in the Gossan dam with the
objective of establishing an NI-43-101 compliant mineral resource.

Based on records held by the Riotinto Fundacion and historical
production reports held by EMED Mining, the Gossan tailings dam
contains an Exploration Target of about 31 Mt at an average grade of
0.3 g/t Au and 31 g/t Ag. This data is considered to be reliable.

The terminology used is not compliant with the JORC Code or CIM
definitions and therefore is not NI 43-101 compliant. These estimates
are not considered to be current mineral resources or mineral reserves
and further exploration work by a qualified person is required to
define these mineral resources and mineral reserves in compliance with
the JORC Code and NI 43-101. It is uncertain if further exploration
will define additional mineral resources.

Qualified Persons Statement

Information in this report that relates to geological assessments is
based on information compiled by a team reporting to Mr. Ron Cunneen,
BSc (Geology), Head of Exploration for EMED Mining and a full-time
employee of that company. He is a Member of The Australian Institute of
Geoscientists and has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration and to the
activities which they are undertaking to qualify as "Competent Persons"
as defined in the 2004 Edition of the "Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves" ("JORC
Code") and "Qualified Persons" as defined in the "National Instrument
43-101 of the Canadian Securities Administrators" ("NI 43-101") and
"CIM Definition Standards For Mineral Resources and Mineral Reserves"
of December 2005 as prepared by the CIM Standing Committee on Reserve
Definitions of the Canadian Institute of Mining.

Mr. Cunneen consents to the inclusion in the report of the matters
based on their information in the form and context in which it appears.

Cautionary Notes

This announcement contains "forward looking information" within the
meaning applicable Canadian securities legislation. "Forward looking
information" may also include statements with respect to the future
financial or operating performance of the Company, its subsidiaries and
its projects, the future price of metals, the estimation of ore
reserves and resources, the conversion of estimated resources into
reserves, the realisation of ore reserve estimates, the timing and
amount of estimated future production, costs of production, capital,
operating and exploration expenditures, costs and timing of the
development of new deposits, costs and timing of future exploration,
requirements for additional capital, government regulation of mining
operations, environmental risks, reclamation expenses, title disputes
or claims, limitations of insurance coverage and the timing and
possible outcome of pending litigation and regulatory matters. Often,
but not always, forward looking statements can be identified by the use
of words such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes" or variations (including negative variations)
of such words and phrases, or state that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved. Accordingly, readers should not place undue reliance on forward
looking statements.

Forward looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company and/or its subsidiaries to
be materially different from any future results, performance or
achievements expressed or implied by the forward looking statements.
Such factors include, among others, general business, economic,
competitive, political and social uncertainties; the actual results of
current exploration activities; actual results of reclamation
activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of metals;
the future costs of capital to the Company; possible variations of ore
grade or recovery rates; failure of plant, equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of
the mining industry; political instability, terrorist attacks,
insurrection or war; delays in obtaining governmental approvals or
financing or in the completion of development or construction
activities, as well as those factors discussed in the section entitled
"Risk Factors" in the Company's annual information form.

Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from
those described in forward looking statements, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward looking statements
contained herein are made as of the date of this announcement and the
Company disclaims any obligation to update any forward looking
statements, whether as a result of new information, future events or
results or otherwise. There can be no assurance that forward looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward looking statements.

                    This information is provided by RNS
          The company news service from the London Stock Exchange


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