03:52 PM EST - Blue Note Mining Inc. : said on Thursday that it has signed a Memorandum of Agreement with Falconbridge Limited, a subsidiary of Xstrata plc for the sale of a significant portion of its planned concentrate production. The company stated that the new multi-year agreement provides for long-term off-take contracts for the mine's entire lead production and 50% of its zinc concentrate production. In addition, the company said it began mining of ore in the Caribou underground mine and that it is being stockpiled for the planned commissioning of the concentrator in late June 2007. Blue Note Mining Inc.
shares BN:CA are trading up one cent at $0.50.
