Quadra Reported On The Carlota Operation Following Storms in Arizona

 

VANCOUVER, BC - Quadra Mining Ltd. reported on its Carlota Mine, located five miles west of Miami, Arizona, which has recently experienced a series of major rain storms. Carlota's stormwater management systems functioned as planned and there have been no reportable spills under Federal, state and local reporting requirements.

The storm, which represented more than a 300 year event as measured by the National Oceanographic and Atmospheric Administration, has resulted in water accumulation in the bottom of the Carlota pit and in other stormwater containments. Excess stormwater on the leach pad has been pumped into an engineered containment area within the pad footprint. Work commenced immediately upon cessation of the storm event to maximize our ability to handle future weather events. Regulatory agencies are being kept informed of activities.

The Company evaluated the impact of the excess water on its mine plan and expects Carlota's first quarter copper production to be lower than forecast. The Carlota operations team is evaluating options to recover the pounds lost over the course of the year and Quadra believes this event will not have a significant impact on the Company's overall 2010 production guidance of 250 million pounds of copper.

The company’s address Suite 2414, Four Bentall Centre, 1055 Dunsmuir Street, P.O. Box 49185, Vancouver, BC V7X 1K8, 604-689-8550, fax: 604-689-8556.