February 1, 2007
Baja Mining Corp. (the "Company") advises that the Company received the updated geological model from Hellman & Schofield in mid-January as expected and has been working with its mining consultants to incorporate these results into a revised mine plan for inclusion into a National Instrument 43-101 compliant Preliminary Economic Assessment. Economic modelling of the data is currently being finalized for presentation to the Company’s board of directors.
This updated Preliminary Economic Assessment will incorporate:
- An updated resource model from Hellman & Schofield Pty Ltd, incorporating the first 20,000 metres of the in-fill drill program;
- Revised capital cost estimates from Bateman Engineering Pty Ltd;
- Surface mine plans from Australian Mine Design & Development (AMDAD); and
- Underground mine plans from Agapito Associates Incorporated (AAI)
The Company’s personnel are working diligently to compile all data in order to publish the updated report in the immediate future.
ON BEHALF OF THE BOARD OF DIRECTORS OF
BAJA MINING CORP.
"John W. Greenslade"
JOHN W. GREENSLADE, PRESIDENT
For further information please contact John Greenslade, President, at (604) 685-2323
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
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