Casablanca Mining Subsidiary Granted Electro Mining Patent in United States

The electro-mining technology subject to the patent revolutionizes copper extraction technology by bypassing nearly all of the traditional copper extraction process, and extracting copper directly from crushed raw material using an electrical and chemical process that allows the copper to diffuse through the raw material and attach to a steel plate submerged in a chemical solution. The patented process is significantly faster, cheaper, and more environmentally friendly than traditional copper extraction.

?€œWe continue to protect our intellectual property on an international level,?€ said Zirk Engelbrecht, President of Casablanca Mining. ?€œOur team is developing innovative mining technologies and will commercialize this electromining technology in a way that will enable copper miners to process copper in increasingly efficient ways,?€ he added. ?€œThe US patent is another example of the dedication our team has to research and development and better practices in the mining industry.?€

About Casablanca Mining, Ltd.:

Casablanca Mining (OTCQB: CUAU.PK - News), through its wholly owned subsidiary Santa Teresa Minerals, S.A., engages in the acquisition, exploration, development, and operation of precious metal properties in South America. Its gold and copper mining operations are based near Santiago, Chile. Santa Teresa Minerals currently has, directly and indirectly through various equity interests, mining rights in a producing gold mine, ?€œFree Gold,?€ and in exploration projects, the ?€œCasuto Project,?€ consisting of Los Azules 1-3, Tauro 1-6, Los Chipi 1-16 and the ?€œNew Gold Project,?€ consisting of Los Pinos 1-30 and Teresita 1-20. These projects include 80 different mining and mineral exploration properties including gold, copper and copper sulfate. Santa Teresa Minerals also owns a 60% equity position of Sociedad Sulfatos Chile S.A., a copper sulfate production project that owns the Anica Copper Mines, and a 60% equity position in a company with the rights to a revolutionary mining technology that extracts gold, silver and copper from raw mining materials using a proprietary and patented electrolysis method of electromining.

FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results and estimates that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results or estimates expressed or implied by this press release. Such risk factors include, among others: whether Casablanca Mining can successfully execute its operating plan, including mining and exploration projects; results of exploration, project development and capital costs of mineral properties; volatility of market prices for gold, copper and copper sulfate; Casablanca Mining?€™s ability to integrate acquired companies and technology; Casablanca Mining?€™s ability to retain key employees; general market conditions; and other factors discussed under ?€œRisk Factors?€ in its annual report on Form 10-K for the fiscal year ended December 31, 2010. Actual results may differ materially from those contained in the forward-looking statements in this press release. Casablanca Mining does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Authors: mining - Yahoo! News Search Results

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