Contact Information: Contact: For more information contact: Royal Mines and Minerals Corp. Jason S. Mitchell CFO, Secretary and Treasurer (702) 588-5973
Royal Mines Installs Electrowinning Circuit
| Source: Royal Mines and Minerals Corp.
HENDERSON, NV--(Marketwire - October 15, 2009) - Royal Mines and Minerals Corp. (OTCBB : RYMM )
("Royal Mines") issued the following news release to update developments
within its "Phoenix Facility" processing and refining plant.
Royal Mines is pleased to announce the installation of an industrial sized
electrowinning circuit with a 4000 amp rectifier. Final testing of the
circuit is currently in progress. This circuit is expected to be capable
of plating-out 1000 oz of precious metal per day and is a critical path
item that allows us to deal effectively and efficiently with high silver
value concentrate. We are currently processing 6.6 tons of concentrate,
from Golden Anvil, SA de CV ("Golden Anvil"), a small-scale Mexican
producer, through the primary refining circuit and plating-out the metals
from the pregnant solution. Additional concentrate is being received from
toll processing clients, including an additional 8 tons of concentrate
already received from Golden Anvil. We are continuing to develop
additional sources of toll processing concentrate to maximize current
operations. Our short-term objective is to maximize the feed rate to the
Phoenix Facility to achieve 1,000 lbs per hour, 8 hours per day, 5 days per
week within 45 days.
We are also in discussions with other mining groups, from Canada, Mexico
and the US, to license our proprietary environmentally friendly lixiviation
process, to process and refine their ore in our Facility or to joint
venture on their mining projects.
Combined, all of these endeavors continue to support our overall vision of
becoming a world-class, eco-friendly exploration, technology and active
mining entity.
About Royal Mines and Minerals Corp.
Royal Mines and Minerals Corp. is a minerals exploration company. Our
primary objectives are to 1) generate ongoing revenues from the licensing
of our proprietary, environmentally friendly lixiviation process, 2)
commercially extract and refine precious and base metals from our own and
others' mining assets, and 3) joint venture, acquire and develop projects
in North America. We have not yet realized significant revenues from our
primary objectives. Additional information is available on its website at
www.royalmmc.com and in its filings with the U.S. Securities and Exchange
Commission.
Forward-Looking Statements
This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Statements in this news release that are
forward-looking statements are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk Factors"
and elsewhere in Royal Mines' periodic filings with the U.S. Securities and
Exchange Commission. When used in this news release, the words such as
"could," "plan," "estimate," "believe," "expect," "intend," "may,"
"potential," "should," and similar expressions, are forward-looking
statements. The risk factors that could cause actual results to differ from
these forward-looking statements include, but are not restricted to
uncertainties about the availability of additional financing, geological or
mechanical difficulties affecting geological work programs, uncertainty of
estimates, operational risk, environmental risk, financial risk, currency
risk, dependence on third parties and other statements that are not
historical facts as disclosed under the heading "Risk Factors" and
elsewhere in Royal Mines' periodic filings with securities regulators in
the United States. In particular, there is no assurance that Royal Mines
will be able to obtain sufficient concentrates to achieve our short term
objectives or that the objectives will be met within the time frame
anticipated. Until testing of the circuit has been completed and pregnant
solution processed, recoveries of gold and silver cannot be confirmed.
There is no assurance that discussions will result in licensing or joint
venture agreements.