NEWS
RELEASE 08-08
Merit Mining Commissions its Greenwood
Gold Project Mill
March 3, 2008
– Vancouver,
British Columbia. Merit Mining Corp. (TSX-V: MEM) reports
that it has started commissioning of its Greenwood Gold Project 200 tonne per
day gravity/flotation mill to process a 10,000 tonne underground bulk sample
from the Lexington-Grenoble mine. The
first shipment of copper/gold concentrate is expected to be delivered to
purchasers in April.
Upon receipt of project development and construction financing from Wega Mining ASA of Oslo, Norway in May and August 2007,
Merit’s target for mill startup was April
30, 2008.
“The fact that the mill startup is
significantly ahead of schedule is a credit to all the people involved in the
project”, says Fred Sveinson, President & CEO. “The
on site leadership of our experienced mine development and construction
management team and the hard work of our employees, contractors, and
consultants has enabled us to beat our original target for mill startup.”
Merit Mining Corp.
“Fred Sveinson”
Fred Sveinson,
President & CEO
For further information
please contact:
Fred Sveinson
at (604) 694-2344
For Investor
Relations Information Contact:
MarketSmart
Communications (604) 261-4466
(Toll Free 1-877-261-4466)
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.
The
statements made in this News Release may contain certain forward-looking
statements. Actual events or
results may differ from the Company’s expectations. Certain risk factors may also affect the
actual results achieved by the COMPANY.