TORONTO, ONTARIO--(Marketwired - Oct. 29, 2013) - EPM Mining Ventures Inc. (TSX VENTURE:EPK)(OTCQX:EPKMF) ("EPM" or the "Company") announced a correction to the date for its conference call to discuss the results of the Preliminary Feasibility Study ("PFS") for the production of Sulphate of Potash ("SOP") from its Sevier Lake Playa Sulfate of Potash Project (the "Project") located in southwestern Utah. The PFS was prepared by CH2M HILL Engineers, Inc. ("CH2M HILL"), Agapito Associates, Inc. ("AAI"), and Norwest Corporation ("Norwest").
The call will not take place today as detailed in the PFS press release, but will take place Wednesday, October 30, 2013 at 11:00am Eastern Time.
Conference Call
The Company will host a call at 11:00 am Eastern Time on October 30, 2013 to discuss the PFS results. The Company cordially invites all interested parties to participate in this call. Participants should register 5 to 10 minutes prior to the call.
| Call-in details are as follows: | ||
| Call-in Number: +1 888-390-0546 | ||
| Conference ID: 37215881 | ||
About EPM Mining Ventures
EPM, through its wholly owned subsidiary Peak Minerals Inc., controls directly or through agreement, mineral leases on more than 124,000 acres on the Sevier Lake Playa property in Millard County, Utah. EPM is targeting the future development and production of SOP, a premium priced fertilizer used with special crops and soil types, through a cost-effective solar evaporation methodology. The Company is currently engaged in engineering and chemical analysis designed to support the completion of a feasibility study.
For more information on the Company, please visit our web site at www.epmmining.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements related to activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation; statements related to the Company's release of the PFS Technical Report; the economic analysis of the Project; the Feasibility Study; mineral resource estimate; the permitting process; environmental assessments; business strategy; objectives and goals; and exploration of the Sevier Playa Project. Forward-looking information is often identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation 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. Forward-looking information is based on a number of factors and assumptions made by management and considered reasonable at the time such information is provided. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking information. The PFS is, by definition, preliminary in nature and should be considered speculative. It is based upon a process flow sheet that may change, which would impact all costs and estimates. Operating Costs for the Project were based upon assumptions including future energy costs, natural gas costs, water costs, labor, and other variables that are likely to change. Capital Costs were based upon a list of equipment thought to be necessary for production. SOP price forecasts were based upon third-party estimates and management assumptions that may change due to market dynamics. The mineral resource estimates were based upon assumptions outlined in the "Resource Estimate" section. Some figures were calculated using a factor to convert short tons to metric tonnes.
Changes in estimated costs to acquire, construct, install, or operate the equipment, or changes in projected pricing, may adversely impact project economics. Among other factors, the Company's inability to complete further mineral resource and mineral reserve estimates; the inability to complete the PFS Technical Report or Feasibility Study; the inability to obtain sufficient recharge; the inability to anticipate changes in brine volume or grade due to recharge or other factors; changes to the economic analysis; the failure to obtain necessary permits to explore and develop the Sevier Playa Project; environmental issues or delays; inability to successfully complete additional drilling at the Sevier Playa Project; factors disclosed in the Company's current Management's Discussion and Analysis; as well as information contained in other public disclosure documents available on SEDAR at www.sedar.com may adversely impact the Project. Although EPM has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding the Company's plan, objectives, and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. EPM does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Contact Information:
Lance D'Ambrosio
Chief Executive Officer
(801) 485-0223
www.epmmining.com