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Re: News Releases - Tuesday, March 20, 2007
Bulk Sampling Program Update -- Yellowjacket Zone, Atlin, BC
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CALGARY, ALBERTA --- Prize Mining Corporation ("Prize Mining") is
pleased to announce resumption of the bulk sample (trial mining)
program on Yellowjacket Zone of its Atlin Gold Property located in
northwestern British Columbia. This program includes excavating,
extracting and processing a 10,000 tonne bulk sample from a bedrock
pit. Over the past three months extensive engineering work and planning
have been completed in order to produce the best sampling procedures,
pit design, plant specifications and layout. Favourable results were
received from the Metallurgical Testing where 70 percent of the gold is
gravity recoverable. This was in part, due to the coarse free gold
mineralization in the Yellowjacket Zone. Initial gold extraction will
use state-of-the art Knelson Concentrator technology. Prize will be
trial mining 10,000 tonnes of ore during 2007 in order to confirm the
expected grade of the Yellowjacket zone and to initiate small-scale
production.
Prize Mining is pleased to have BGC Engineering Ltd. of Vancouver, BC,
as the lead engineering contractor for the project. At BGC the project
is under the direction of Dr. Wayne Savigny, P.Eng., P.Geo., assisted
by Gerry Papini, P.Geo. and Gerry Ferris, P.Eng. BGC is providing the
overall coordination of the project and its contractors as well as
expert advice on matters of planning and permitting, environmental
impact and hydrogeology.
In cooperation with BGC, Prize has also contracted Eur. Geol. Dr. Simon
Dominy, C.Eng., C.Geol., Principal Geological Engineer and General
Manager of Snowden Mining Industry Consultants Ltd (UK). Dr. Dominy
brings a wealth of knowledge to the project with his extensive global
experience in the field of coarse gold ("high-nugget effect") deposit
evaluation and exploitation. He has extensive practical experience in
the planning and expiation of surface and underground bulk
sampling/trial mining programmes. Dr. Dominy has been working on the
sampling protocol optimization and plant design, and will provide
further support during trial mining and processing. In addition, Dr.
Dominy will act as the independent "Qualified Person" for the purpose
of National Instrument 43-101 for this programme and the subsequent
resource estimate.
Ms. Linda Dandy, P.Geo. is the project supervisor and "Qualified
Person" for the purpose of National Instrument 43-101 who has reviewed
and verified the contents of this news release.
About Prize Mining
Prize Mining Corporation (TSXV: PRZ) is a company dedicated to the
exploration, discovery and development of precious metal deposits. The
company is exploring for Gold in the Atlin area of British Columbia,
Canada and its Nickel-Copper-
palladium and Platinum project on the
Muskox Layered Intrusion in Nunavut, Arctic Canada.
ON BEHALF OF THE BOARD OF
PRIZE MINING CORPORATION
"Harry McGucken"
Harry McGucken
President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Prize Mining Corporation
Trent Dahl
Investor Relations
(604) 684-4743 ext. 228 or Toll Free: 1-866-684-4743 ext. 228
Email: info@prizemining.com
Website: www.prizemining.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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Copyright (c) 2007 PRIZE MINING CORP. (PRZ) All rights reserved. For
more information visit our website at http://www.prizemining.com/ or
send mailto:info@prizemining.com
Message sent on Tue Mar 20, 2007 at 8:54:43 AM Pacific Time
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