Exmin Announces First Pour at the Moris Mine, Chihuahua, Mexico
Wednesday, October 24th, 2007
EXMIN Resources Inc. is proud to announce that the EXMIN/Hochschild joint venture at the Moris mine has produced its first doreâ€™ of gold and silver. The mine is operated by Minas Santa Maria de Moris S.A. de C.V., which is owned jointly by wholly owned Mexican subsidiaries of EXMIN (30%) and the Hochschild Mining Group (70%).
The First Doreâ€™
The first pour occurred on October 9, 2007. The 18.43 kilogram doreâ€™ contained 9.135 kg gold and 9.042 kg silver and marks the beginning of full-scale commercial production at the mine for the partners.
â€œThis is a milestone event for EXMIN,â€ said Karl Boltz, President and CEO. â€œEXMIN is a publicly trading exploration junior just two and a half years young and now has 30% ownership of a producing mine. EXMIN is proud to have such a competent and experienced operator for a joint venture partner to operate the mine. The positive cash flow from this operation will help finance development of EXMINâ€™s 100% owned exploration portfolio of district-scale projects throughout northern Mexico.â€