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Palladon Ventures Ltd. Provides Update on Iron Mountain Project.

Publication: Business Wire
Publication Date: 04-NOV-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
SALT LAKE CITY -- Palladon Ventures Ltd. (TSX VENTURE:PLL) is pleased to provide the following update on the Comstock/Mountain Lion mine on Iron Mountain, near Cedar City, Utah.

In spite of recent delays occasioned by material shortages in the wake of hurricanes in the Gulf Coast, the Company has made steady progress in commissioning the redevelopment of the historically productive mining facility. Given the strong demand and attractive pricing for iron ore concentrate product, the Company has made the determination to proceed with plans to double the originally planned production rate to produce 2,000,000 metric tons per year. This revised plan is also based on the positive reactions from numerous potential customers who recently analyzed our concentrates. The Company intends to sign additional contracts when construction schedules and completion dates are more fully known. Palladon entered into a contract in August with a Chinese purchaser for the sale of one million metric tons of iron ore concentrates over the next year.

Gilbert Development...

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