CWRN: M.V. Kriton Sailing Under 1st Ever MexSecEcon Iron Export Permit
April 05 2011 - 8:30AM
Marketwired
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) The Company
announced today that the Bulk Carrier M.V. Kriton loaded out and
departed the Ensenada International Terminal at 8:30pm PDT April
2nd on its 24 day journey to The People's Republic of China. This
landmark voyage has been marked by two distinctions: the Mexico
Secretary of Economy's first ever issued 45,000 metric ton iron
mineral export permit following the new iron mineral export law
enacted on March 18th, 2011, and the first ever bulk cargo shipment
of iron minerals from the Ensenada Pacific Ocean Port. The permit
was issued in the name of Subsidiary Panamerican Minerals Ventures,
S.A. de C.V. Baja California, Mexico, which owns the mineral mining
rights to the "Mina Guadalupe" Iron Mineral Concession.
Management stated that overall it is very pleased with the
load-out efforts from the Ensenada International Terminal and is
looking forward to the next cargo vessel to be landed in the very
near future. There was a short interruption in the loading process
due to contracted priorities for the terminal's main scheduled
container vessels, interruptions such as these are standard
protocol and are no cause for concern.
The Company is now in the process of screening out its 0-3mm
fines, which had accumulated around the mining site, into several
massive stockpiles. This undertaking should be accomplished within
10 days, resulting in a finished product of 1-3mm fines that will
be sold under a new contract while the company is preparing the
second shipment. In addition to all of this, The Company is adding
more heavy excavation equipment to increase production.
Notes: The Baja Pacific -- "Mina
Guadalupe" is operated by Panamerican Minerals Ventures, S.A. de
C.V., Ensenada, Baja California, under contract with CWRN and held
in trust for CWRN by its principal officers and directors, Robert
L. Cotton and Sharon Vazquez.
Related News: China Seaborne Trade, Spot
Price Iron Ore may be viewed at the following link; Metal Bulletin
Iron Ore Index Link http://www.mbironoreindex.com/
About Cotton & Western Mining,
Inc.
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) a Nevada
Corporation that is engaged in metal mineral exploration,
development and operations for "Iron Mineral Mining." For more
information, please visit the company's website at
www.cottonwestern.com.
Safe Harbor: Statements regarding
financial matters in this press release other than historical facts
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that
such statements about the Company's future expectations, including
future revenues and earnings, technology efficacy and all other
forward-looking statements be subject to the Safe Harbors created
thereby. The Company is a development stage firm that continues to
be dependent upon outside capital to sustain its existence. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results.
Source: Cotton & Western Mining, Inc. Investor
Relations Director Emily Cotton emilycotton@cottonwestern.com +1
713 482 7593
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