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Message: MINERAL HILL ANNOUNCES DEVELOPMENTS IN LIBERTY HILL GOLD MINE
TSX Venture Exchange: MHI
Frankfurt Stock Exchange: N8Z/WKN: AODLHP
Pink Sheets: MHIFF
VANCOUVER, Jan. 14 /CNW/ - Further to the Company's news release on December 22, 2010, Mineral Hill is pleased to confirm that the California Regional Water Quality Control Board has accepted the Report of Waste Characterization for the Liberty Hill Mine and has concurred to the classification of the mine as "Category C". This means that pollution that could potentially result from the proposed gold mining operations is insignificant. The Company is very pleased about the classification since it signifies a positive step towards the renewal of the expected permit for the processing of the 40,000 cubic yards of already stockpiled material and the already mineable 1.4 Million cubic yards of overburden free material. The approval came after numerous tests, and reporting requirements over a one-year period. This open-pit placer mining operation covers only 12 acres out of 2,500 acres which comprise the Liberty Hill Mine property.
No feasibility study has been completed with regard to this property. There are no known mineral resources on the property, and it is not known if any such mineral resources will be discovered, and if discovered whether any such resources may be economically mined.
About Mineral Hill Industries Ltd.
Mineral Hill Industries Ltd. is a Canadian based mineral exploration company trading on the TSX Venture Exchange (MHI), the Frankfurt Exchange (N8Z/WKN: AODLHP), and the OTC Pink Sheets (MHIFF). Mineral Hill has accumulated a diversified portfolio of lithium and precious metal properties. Although the Company's determination to develop its promising lithium exploration projects will remain a focal point, Mineral Hill's acceleration of its new gold mining project, the Liberty Hill Mine in California and its early production opportunities will demand most of the Company's effort for 2011 concurrently with attracting a strong management team.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For further information: on Mineral Hill Industries Ltd. and its projects, please visit the Company's website at http://www.mineralhill.com/">www.mineralhill.com, or contact: Dieter Peter, President and CEO, Mineral Hill Industries Ltd., Telephone: (604) 685-4170, Email: [email protected]; Teresa McLarnin, Investor Relations, (604-630-6809), [email protected]; Michael Johal, IR: (604-685-4170), email: [email protected]
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