Adanac Molybdenum Corp.
Summer 2007 Up-Date
Ruby Creek Molybdenum Mine
September 14, 2007
(new drill core pictures below; from drill holes on north end of open pit area & current drilling thru & beyond north side of the Adera Fault)
*Adanac's downtown Atlin mine offices now near completion.
*Adanac purchased 40 acres of deeded land at Surprise lake in 2007 for Ruby Creek mine construction materials storage, pre-production 50 man camp, Ledcor Construction field offices and fenced staging area compound. Now completed and ready for occupancy.
- BC Gov't constructed a new + $900,000.00 bridge across Pine Creek in 2006.
*This new bridge accesses only the new Ruby Creek Mine-site and two old placer mine workings in area. Without the Ruby Creek Molybdenum mine this is a bridge to nowhere.
(pictures below: new Adanac pre-production camp in background)
*Adanac held a web-cast, phone in conference call.
Adanac Molybdenum Corp discussed drilling results from its Ruby Creek property during a conference call with a live audio web-cast on Thursday, September 13 at 12 noon (ET) for investors and analysts. The call will be archived until midnight on September 27, 2007 and can be accessed by dialing 416-640-1917 or 1-877-289-8525 and entering pass-code 21246721#.
*Ruby Creek Open Pit Site on left, (currently a core spitting shack/field office and power plant unit) with next /07 drill sites to west side of open pit area on right photo. The old Climax Molybdenum 1200 ft drill hole is to the far right, out of the picture.
*Old Molybdenum Ore from Placer Developments 1980, underground +9000 T bulk sample testing below.
Vancouver Sun Newspaper says Adanac's Moly Mine Gets B.C. Go-Ahead
2007-09-12 09:34 ET - In the News
The Vancouver Sun reports in its Wednesday edition that the proposed $414-million Ruby Creek open-pit molybdenum mine in northwestern B.C. has received the environmental green light from Victoria. The un-bylined item says B.C. Environment Minister Barry Penner and Energy, Mines and Petroleum Resources Minister Richard Neufeld granted Adanac Molybdenum an environmental assessment certificate for construction and operation of the mine and processing plant 20 kilometres northeast of Atlin. They did so after considering the details of a review led by B.C.'s Environmental Assessment Office. "The Taku River Tlingit First Nation participated in the technical working group and was involved in all aspects of the review," the ministry said. Earlier this year, the 350-member Taku River Tlingit First Nation released an unprecedented policy in support of mining development in its vast traditional territory in Northern B.C. The project is expected to create 550 jobs during the two-year construction phase, and 250 direct jobs during its 22 years of operation. Capital costs are approximately $414-million. Environmental effects from the project will be "within acceptable levels," the ministry said.
Recent Adanac news releases link:
2006 Drill Core Photo Gallery:
Metals Research & Investor Relations Consultant:
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