ARSMF - Ares Strategic Mining Completes Lumps Plant Infrastructure Steel Purchase and Commences Fabrication
(TheNewswire)
-
- Company has begun fabrication of the steel beams forthe processing facility.
- Additional steel foundation will expedite plantinstallation.
- Steel structures will install alongside Ares’ newplant.
Vancouver, B.C. - TheNewswire- November 22 nd , 2021 — AresStrategic Mining Inc. (the “Company”) (CSE:ARS) (CNSX:ARS.CN) (OTC:ARSMF) (FRA:N8I1), is pleased to announce successfully completingits steel infrastructure purchase, and the commencement of itsfabrication in anticipation for construction. The 3-storey structureallows a multi-person crew to operate the processing system andprovides the supporting build, around which the plant will beconstructed.
The Company intends to ship the steel structure withits lumps plant and begin installation concurrently. The fabricatedsteel and already-built plant will be installed on Ares’ propertyand requires only basic assembly complete construction. The plantmanufacturer has also agreed to supply labor and expertise to aid withinstallation and optimization.
Figure 1 – Plant Steel Structure.
James Walker, President and CEO of the Company said,“Securing the steel is excellent progression, especially givencurrent domestic supply chain issues and increasing material costs. Weare very proud of the ingenuity within the company to navigate eachissue and return results improving on the previous arrangements. Thesupporting infrastructure as a major component and we are pleased tohave secured its purchase without being troubled by the steel supplybacklogs and increased costs. Commendable work from all ourteam.”
Lost Sheep Fluorspar Project – Delta, Utah
-
- 100% owned – 5,982 acres – 353 Claims
- Located in the Spor Mountain area, Juab County, Utah,approximately 214 km south-west of Salt Lake City.
- Fully Permitted – including mining permits.
- NI 43-101 Technical Report identified extensivehigh-grade fluorspar with low levels of impurities.
- Mining plan approved by BLM 1
First approved by Rex Rowley – Area Manager, Bureauof Land Management – 24th August 1992.
Renewed by Paul B. Baker – Minerals ProgramManager, Bureau of Land Management – 12th December 2016.
Raul Sanabria, P.Geo., is a qualified person as definedby NI 43-101 and has reviewed and approved the technical contents ofthis news release. Mr. Sanabria is not independent to the Company ashe is a Director and shareholder.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING INC.
James Walker
Chief Executive Officer and President
For further information, please contact Mark Bolin byphone at 604-345-1576 or by email at jwalker@aresmining.com
DISCLOSURE AND FORWARD-LOOKINGSTATEMENTS:
Companies typically rely oncomprehensive feasibility reports on mineral reserve estimates toreduce the risks and uncertainties associated with a productiondecision. Historically, situations where the issuer decides to put amineral project into production without first establishing mineralreserves supported by a technical report and completing a feasibilitystudy have a higher risk of economic or technical failure, though someindustrial mineral ventures are relatively simple operations with lowlevels of investment and risk, where the operating entity hasdetermined that a formal prefeasibility or feasibility study inconformance with NI 43-101 and 43-101 CP is not required for aproduction decision. Based on historical engineering work, geologicalreports, historical production data and current engineering workcompleted or in the process by Ares, the Company intends to moveforward with the development of its Utah asset.
Certain information in this newsrelease may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Forward-lookingstatements are often identified by terms such as “will”,“may”, “should”, “anticipate”, “expects” and similarexpressions. All statements other than statements of historical factincluded in this news release are forward-looking statements thatinvolve risks and uncertainties. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company’s expectations include thefailure to satisfy the conditions of the relevant securitiesexchange(s) and other risks detailed from time to time in the filingsmade by the Company with securities regulations. The reader iscautioned that assumptions used in the preparation of anyforward-looking information may prove to be incorrect. Events or circumstances may cause actualresults to differ materially from those predicted, as a result ofnumerous known and unknown risks, uncertainties, and other factors,many of which are beyond the control of the Company. The reader iscautioned not to place undue reliance on any forward-lookinginformation. Such information, although considered reasonable bymanagement at the time of preparation, may prove to be incorrect andactual results may differ materially from those anticipated.Forward-looking statements contained in this news release areexpressly qualified by this cautionary statement. The forward-lookingstatements contained in this news release are made as of the date ofthis news release and the Company disclaims any intention orobligation to update or revise such information, except as required byapplicable law.
Copyright (c) 2021 TheNewswire - All rights reserved.