Farallon Trucks First Concentrate Produced at G-9

Farallon Trucks First Concentrate Produced at G-9

Farallon Resources Ltd. announces that that it has begun shipments of zinc concentrates from its high grade G-9 Project at the Campo Morado (zinc, copper, lead, silver, gold) property in Guerrero State to the port of Manzanillo, in Colima State on the west coast of Mexico. The first truckloads of zinc concentrates were shipped on October 12, 2008.

The port at Manzanillo is a full service facility through which mineral products from a number of mines in central Mexico are shipped. Concentrates are being trucked in bulk from the site to the port. It is expected that some 1,600 tonnes will be produced and shipped each week over the next few months during the completion of the commissioning period. This will increase to 2,600 tonnes per week when the full mine production rate of 1,500 tonnes per day is achieved, targeted to begin in January 2009.

“The initiation of truck shipments of concentrate from G-9 is another significant milestone in the development of the G-9 Project. This is the result of the efforts of a number of people, helping to transform Farallon to a production company,” said President and CEO Dick Whittington. “The next major step is the initiation of our off-take agreements with Trafigura Beheer BV Amsterdam and commencement of revenue generation for the G-9 mine.”

Farallon has advanced the G-9 polymetallic (zinc, copper, silver, gold, lead) project at its Campo Morado Property in Mexico through a ‘Parallel Track’ program. Drilling has expanded and confirmed the high-grade mineralization within the G-9 deposit in parallel with project construction and development activities. Underground decline access reached the North and West Extension zones of the G-9 deposit by mid August and underground drilling, and stope access and development is ongoing as well as the finalization of mill commissioning. Access for stope development in the high-grade Southeast zone is expected in December, and full production of 1,500 tonnes per day is targeted for January 2009.

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