Quadra Mining Ltd.
TSX : QUA

Quadra Mining Ltd.

April 09, 2007 09:00 ET

Quadra Announces Record Copper and Gold Production Results for the 1st Quarter 2007

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 9, 2007) - Quadra Mining Ltd. ("Quadra or Company") (TSX:QUA) is pleased to announce the 2007 first quarter production results from its 100% owned Robinson Mine ("Robinson" or "mine") located in Ely, Nevada. Key operating metrics are shown below:



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Q2 2006 Q3 2006 Q4 2006 Q1 2007
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Copper produced (Million lbs) 27.8 33.3 35.3 36.6
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Gold Produced (oz) 12,532 20,425 27,646 31,040
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Waste mined (Tonnes 000's) 16,605 14,425 13,964 16,249
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Ore mined (Tonnes 000's) 3,274 4,175 4,121 3,068
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Ore milled (Tonnes 000's) 3,422 3,426 3,919 3,302
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Copper grade (%) 0.52 0.69 0.67 0.67
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Gold grade (g/t) 0.24 0.32 0.41 0.46
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Copper Recovery (%) 70.3 63.4 61.0 75.0
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Gold Recovery (%) 47.5 57.9 53.7 63.1
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In the first quarter 2007, copper production of 36.6 million pounds was a quarterly record for the mine as operated by Quadra while gold production of 31,040 ounces was a historical record for the mine, exceeding any previous quarterly gold production as operated either by Quadra or BHP Billiton.

Paul Blythe, President of Quadra said, "We continued to maintain our production momentum at Robinson through the quarter. I am very proud of the accomplishments of the team at the mine and the improving production trends for copper and gold over the past twelve months. Over this period, quarterly copper production has steadily improved by about 30% and quarterly gold production has dramatically improved by approximately 150%. We have been able to reap the benefits of continuing high mill throughput and improved recoveries. Robinson, as a skarn deposit, is difficult and results are likely to be erratic in any month or quarter. Nevertheless, clearly we are making good progress in getting in front of these complexities."

Mr. Blythe continues, "I would single out gold for a couple of specific comments. Gold production in the first quarter has already exceeded half of our annual gold production guidance. This is a result of higher head grades than estimated in the block model and higher than historical recoveries. As we gain confidence on sustainability, we will revisit our expectations."

To view the graph attached to this release please click on the following link: http://www.ccnmatthews.com/docs/0409qua.jpg

The financial details from this quarter are due to be released on April 23, 2007.

About Quadra Mining Ltd. (TSX:QUA)

Quadra is a British Columbia corporation based in Vancouver and is a copper producing company whose principal asset is the Robinson Mine in Nevada. The Company has a goal of becoming a mid-tier base metals development and operating company with interests in a number of advanced exploration, development and producing properties.

This Press Release may contain "forward-looking information" that is based on Quadra's expectations, estimates and projections as of the dates as of which those statements were made. This forward-looking information consists of the estimated production for 2007. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Quadra's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information and a discussion of these and other factors that may affect Quadra's actual results, performance, achievements or financial position is contained in the filings by Quadra with the Canadian provincial securities regulatory authorities, including Quadra's AIF. Quadra disclaims any intent or obligations to update or revise publicly any forward-looking statements whether as a result of new information, estimates or options, future events or results or otherwise.

Contact Information

  • Quadra Mining Ltd.
    Sophie Taylor
    Manager, Investor Relations
    (604) 689-8550
    or
    Quadra Mining Ltd.
    Paul Blythe
    President
    (705) 444-1316
    Website: www.quadramining.com