Mr. Laurent Beaudoin reports
CONWAY RESOURCES REPORTS ON THE STATUS OF WORK AT THE BELLETERRE MINE
Conway Resources Inc. has provided an update on work under way at the Belleterre mine. Over the past few months, the corporation has continued building the Belleterre mine surface installations in preparation for dewatering of shaft No. 1. The status of work is as follows:
Holding ponds:
- Eighty per cent of the site has been cleared.
- Tree trunk removal will begin in the second week of July.
- The surveyors will mark off the pond boundaries in July.
Shaft No. 1 access road:
- Gravel has been laid on 75 per cent of the road to shaft No. 1.
- The entrance to the mine has been cleaned and is ready to receive the gatehouse, which will be installed in early September, 2011.
Laurent Beaudoin, president and chief executive officer of Conway, said that: "We have been very busy this summer. We are making good progress on the preparations for dewatering of shaft No. 1, and the exploration programs on the Belleterre mine and Litco-1 properties are going well, with results expected in the coming weeks."
Conway is also pleased to announce that 5,085,870 common shares of the corporation were issued to the old shareholders of Belleterre Mining Resources Inc. on June 30, 2011, in accordance with the agreement dated April 1, 2010, for the acquisition of BMR and its key asset, the Belleterre mine.