MCK Mining Corp.
TSX VENTURE : MMC

MCK Mining Corp.
BALTIC RESOURCES INC.
TSX VENTURE : BLR

BALTIC RESOURCES INC.

April 11, 2006 10:39 ET

MCK Mining Corp. and Baltic Resources Inc.: Martison Phosphate Project to Advance to Pre-Feasibility

TORONTO, ONTARIO--(CCNMatthews - April 11, 2006) - Baltic Resources Inc. (TSX VENTURE:BLR) and MCK Mining Corp. (TSX VENTURE:MMC) are pleased to announce the joint decision to commence a detailed pre-feasibility study examining the viability for the production of phosphoric acid, utilizing the Martison phosphate deposit and sulphuric acid from the northern Ontario base-metal smelters. The phosphoric acid would be used as feedstock for the production of higher valued products that give the Martison Project an economic and logistical advantage over producers currently serving Martison's target markets.

The pre-feasibility study will include updating all capital and operating costs, product mix, logistics and desired markets associated with the designing of a vertically integrated phosphoric acid facility based in northern Ontario.

The joint venture partners are currently obtaining detailed cost estimates associated with the pre-feasibility study from engineering and design firms and will release further information when approved by the joint venture.

Each of Baltic Resources Inc. and MCK Mining Corp. own a 50% interest in the Martison Project, and operate the Project under a joint venture agreement.

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

Contact Information

  • MCK Mining Corp.
    Stephen Case
    President & CEO
    (416) 960-8884
    or
    Baltic Resources Inc.
    Donald McKinnon
    President
    (705) 268-8822