Mar. 7, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company") is pleased to announce the commencement of commissioning of its Tantalum plant at its Muiane Tantalum Project in Mozambique. The primary plant and the initial mining fleet are now operational. It is expected that steady state production will be achieved prior to the end of June 2011 and the Company plans to install additional processing and mining equipment during this period.
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PAW's President Mr Darren Townsend commented, "I would like to congratulate the PAW team and the consulting engineers who assisted us with commencing operations at Muiane. Tantalum concentrate spot prices remain strong at approximately US $ 100/lb and PAW's immediate aim is to produce an initial batch of Tantalum concentrate from which we can ascertain the product specifications before we then move towards marketing the product."
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.
Darren Townsend, President
Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Pacific Wildcat Resources Corp.