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Re: News Releases - Monday, September 17, 2007
Primary Metals Resumes Tungsten Mine Operations
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Primary Metals Inc. (the "Company") (PMI -- TSX V) reports that its
Panasqueira tungsten mine resumed operation on August 28 following the
annual August vacation period and that scheduled maintenance and
refurbishment of the mine and mill have been completed. Work included
the installation of a new underground primary crusher together with a
complete maintenance service of all the underground drills and LHD
mining units, including the low profile units. In the plant, equipment,
pumps and handling equipment were replaced or refurbished in
preparation for resuming operations in September.
Prior to the scheduled vacation in August, results for July continued
to show some improvement with mine production increased to 72,371
tonnes for the month compared to 67,921 tonnes during June. Output from
the plant was increased to 11,340 MTUs of WO3 (tungsten trioxide) for
July, an increase of almost 15% over the production of 9,868 MTUs in
the previous month. (1 MTU = 1 metric tonne unit or 10 kilograms of
contained WO3) The feed grade to the plant showed a sustained minor
improvement to 0.19% WO3 compared to 0.18% WO3 for the two previous
months. Process plant recovery remained steady at 82.2%.
"We are pleased that these improvements are continuing," said Lewis
Black, Chairman of the Company. "Our refurbishment work undertaken
during August, together with further planned development work in the
mine and tungsten prices at current levels, should ensure a long term
continuation of operations at Panasqueira."
About Primary Metals
Primary Metals Inc. owns a 100 percent interest in the Panasqueira
tungsten mine in Portugal and is currently producing wolframite
concentrates containing some 100,000 MTUs of tungsten trioxide per
annum. European tungsten prices, on which Company sales are based,
averaged approximately US$238 per MTU during August. The Panasqueira
mine has a long history of production of high-quality wolframite
concentrates and is the dominant producer of high-grade tungsten
concentrates outside China. Further information is available at
www.sedar.com and on the Company's website at www.primarymetals.ca
On Behalf of the Board of Directors,
"James Robertson"
______________________
James Robertson, P. Eng., Director
For further information contact:
Vancouver Office:
James Robertson
Phone: 604.669.8988
Email: info@primarymetals.ca
Website: www.primarymetals.ca
Investor Relations:
Jamie Mathers, Ascenta Capital Partners Inc.
Phone: 604.628.5800 extension 236
Toll free: 1.866.684.4209
Email: jamie@ascentacapital.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release.
James Robertson, P. Eng., is a Qualified Person for Primary and has
reviewed and approved the information contained in this News Release.
Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Ontario
Securities Act or "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934 of the United
States. Forward-looking statements are subject to a variety of risks
and uncertainties which could cause actual events or results to differ
from those reflected in the forward-looking statements, including,
without limitation the company's expectations as to the results of
planned work programs, potential mineralization, resources, reserves,
mine production levels and future tungsten prices. Such statements are
based on certain assumptions, including continued demand for tungsten,
availability of capital, equipment and personnel to carry out and
complete the planned work programs and accuracy within a reasonable
range of reported exploration and development results, and involve
various risks and uncertainties, including global economic factors,
future commodity prices, lack of availability of equipment or
personnel, and results of exploration and development. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Other important factors that could
cause actual results to differ materially from the Company's
expectations are disclosed under the heading "Risk Factors" and
elsewhere in the Company's documents filed from time-to-time with
regulatory authorities and on www.sedar.com
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Copyright (c) 2007 PRIMARY METALS INC. (PMI) All rights reserved. For
more information visit our website at http://www.primarymetalsinc.ca/
or send mailto:info@primarymetalsinc.ca
Message sent on Mon Sep 17, 2007 at 3:10:43 PM Pacific Time
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