MONTREAL, April 17, 2008 (PRIME NEWSWIRE) -- East Delta
Resources Corp. (OTC BB:
EDLT.OB -
News) (Frankfurt:
EJK.F -
News) announced today
that its majority owned subsidiary, Sino-Canadian Metals
Inc. has completed construction of a metals processing plant
that produces a nickel-copper aggregate from ore supplied
by local mines.
The facility, owned by Sino-Canadian through its Joint Venture
in China, is located in Qinghai Province and has been in
development for over a year. The factory was designed and
built to profit from the increasing shortage of base metals
processing capacity in the region, and in China in general.
The plant is scheduled to operate 24 hours a day using three
shifts with an expected capacity of 50 tonnes per day. The
process mixes nickel-copper ore with several other raw materials,
including coal, sulfur, iron, and limestone into its furnace
and upon heating generates the primary product, an intermediate
form of Ni-Cu, that is Ni-Cu aggregate or iced Ni-Cu. The
waste matter from the furnace is also sold as strengthening
material for cement. Additionally, the raw ore used in the
process contains small amounts of gold, silver, palladium
and cobalt, and as such, these metals will also be produced
and sold.
Victor Sun, CEO of Sino-Canadian commented, ``We are quite
excited about this development, as it will be our first
major source of immediate cash flow. The opportunity is
excellent. And with nickel and copper prices rising dramatically
in recent years and expected, as most experts forecast,
to continue to stay at historically high levels, the potential
from this undertaking is certainly not overstated.''
The Company is now preparing to commence operations and
has started training required staff and testing the facility.
The launch and trial operations are scheduled for the end
of April, 2008, with full production to follow within a
month thereafter.
Mr. Sun added, and with caution, ``It is worth it to note
that, depending on yields and world metal prices, a small
50 tonne plant such as ours can generate annually up to
$8,000,000 gross revenues. If successful, we definitely
intend to multiply our capacity at this facility, possibly
as much as tenfold, and also to replicate this type of facility
throughout other parts of China.''
The Companies
East Delta Resources Corp. is a publicly traded Delaware
corporation, headquartered in Montreal, Quebec whose primary
activity is in mine development and production of gold.
Through its majority owned subsidiary, Sino Canadian Metals
Inc., it also participates in other mineral exploration
and mining, specifically, silver, nickel, zinc and lead.
Sino-Canadian Metals Inc. is a private Delaware corporation,
headquartered in Montreal, Quebec and 63% owned by EDLT.
It is the intent of Sino-Canadian Metals to become a publicly
traded company within the next 12 months.
The geographic focus of the Companies is China. With majority
interest in several highly-prospective properties, experienced
personnel, and an extensive network of contacts in China,
the Companies are on-track in implementing their business
plans and objectives.
Safe Harbor
Certain statements contained herein are ''forward-looking''
statements (as such term is defined in the Private Securities
Reform Act of 1995). Because such statements include risks
and uncertainties, actual results may differ materially
from those expressed or implied by such forward-looking
statements.