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The mill has a nominal capacity of 110 kt/a, with spare capacity to increase throughput by 30% without loss in grind quality. The spare mill capacity mitigates the risk of a restricted production rate during periods in which particularly hard run of mine ore is processed. In line with Silver Bear's development strategy, the selected mill offers the opportunity to expand the process plant to accept additional ore feed from satellite deposits.
The mill will be designed in
Silver Bear has embarked on an aggressive project implementation program this summer and has already erected an 80 man dormitory, workshop and warehouse in the camp area on site. Preparation for the process plant foundation construction is underway and it is expected that the building footings and mill foundation will be complete before the end of the 2015 construction season.
Silver Bear's CEO,
Mr. Jacques du Toit, Pr.Eng., MSc.Eng., PMP of Tetra Tech are Qualified Persons under National Instrument 43-101 and have reviewed the scientific and technical information in this release.
The Company invites you to attend its Annual General Meeting of Shareholders to be held at the offices of
About Silver Bear
Cautionary Notes
This release and subsequent oral statements made by and on behalf of the Company may contain forward-looking statements, which reflect management's expectations. Wherever possible, words such as "intends", "expects", "scheduled", "estimates", "anticipates", "believes" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify these forward-looking statements. Although the forward-looking statements contained in this release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Silver Bear cannot be certain that actual results will be consistent with these forward-looking statements. A number of factors could cause events and achievements to differ materially from the results expressed or implied in the forward-looking statements. Such risk factors include but are not limited to risk factors identified by Silver Bear in its continuous disclosure filings filed from time to time on SEDAR. These factors should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause Silver Bear's actual results, events, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although Silver Bear has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this release, and Silver Bear assumes no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.
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