• Mittwoch, 24 Juli 2024
  • 13:24 Uhr Frankfurt
  • 12:24 Uhr London
  • 07:24 Uhr New York
  • 07:24 Uhr Toronto
  • 04:24 Uhr Vancouver
  • 21:24 Uhr Sydney

NWM Mining Corporation receives Jojoba Mining Permit and Lluvia Dos Leach Pad Construction Permit

07.03.2011  |  CNW
TORONTO, March 7 /CNW/ - NWM Mining Corporation (the "Company") is pleased to announce that its 100% owned subsidiary, Minera Columbia de Mexico SA de CV (MCM), has been granted a permit to begin mining operations at the Jojoba open pit gold mine. The Jojoba mine is located 6 km west/southwest of the Company's operating Lluvia gold mine.

With only the Lluvia mine in operation, the ore mining rate for the project is 5,000 tonnes per day. The Mining Permit for Jojoba mine will allow MCM to undertake mine expansion in 2011. By year-end 2011, the two mines combined will have an ore mining rate of 10,000 tonnes per day. The Jojoba mine will provide higher grade ore to the heap leach operations of MCM and these higher grades will become more significant as the Jojoba pit is deepened.

Based on NI 43-101 compliant gold reserves published in July 2010, which were calculated using a gold price of US$900/oz. Au, the Jojoba northeast zone mine will produce 8.9 million tonnes of ore, containing 214,975 oz. Au. When the open pit is re-designed at current gold prices, tonnes mined and life of mine gold ounces for the Jojoba northeast zone deposit are expected to increase.

NWM recently announced the start of exploration drilling at Campamento, which is a target zone 1 km southwest of the planned Jojoba open pit mine. No mineral resources exist for the Campamento area to date, however surface sampling and numerous historic workings at Campamento have encouraged NWM to focus exploration efforts there in 2011. The Campamento zone has potential to significantly extend the life of mining operations in the Jojoba district.

NWM is also pleased to announce that MCM has been granted a Construction Permit for the new Lluvia Dos pad. This new pad has overall dimensions of 1.2 km in a N-S direction, and 0.6 km in an E-W direction. It will be constructed in 5 sections, each of which can be used in isolation during construction of subsequent sections. The Lluvia Dos Pad will be constructed for a total capacity of 45 million tonnes of ore material. This is more than the presently confirmed reserves of the Lluvia open pit and the new Jojoba open pit mines, and so the Lluvia Dos pad can accommodate any expansion required with exploration success.

The Lluvia Dos pad will be unique in that it has been designed and permitted with a significant focus on metallurgical controls. These controls will enable MCM to achieve better segregation of gold-rich solutions from copper-rich solutions. As the Lluvia-Jojoba project is known to have cyanide-soluble copper, the design and development of metallurgical controls is key to further successful project development.

This press release has been prepared by R. Bruce Thorndycraft, COO.


CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release includes "forward-looking information", as such term is defined in applicable securities laws. Forward-looking information includes, without limitation, the success of exploration activities, price outlooks, production expectations and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.




For further information:

NWM Mining Corporation
(416) 364 - 7699
www.nwmcorp.ca
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
NWM Mining Corp.
Bergbau
-
-

Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.