VANCOUVER, British Columbia, Sept. 08, 2016 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (Frankfurt:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce an update on permitting at the Willa Deposit near Silverton, B.C.
Short Term Water Discharge Approved, Ministry of Environment August 31, 2016
The Ministry of Environment has determined that Willa Portal Water “…discharge will have negligible effects on the downstream environment.” The approval is to allow water currently discharging from the 1025 Portal onto the surface to be routed directly to Aylwin Creek, enabling the company to prepare for geotechnical test work in the proposed settling pond location. Notice of Work applications have now been submitted to the Ministry of Energy and Mines for the start of the test work.
Bert McPherson, President and Chief Operating Officer of MX Gold Corp. comments, “As we take steps towards our work permits, we are assembling additional site management senior staff to accelerate our activities. The team will be in place in two weeks. This is a very busy but exciting time for MX Gold as we are now advancing at a rapid pace.”
About MX Gold
MX Gold Corp. is a junior mining company focused on the mining, exploration and development of advanced projects located in the Kootenay region of British Columbia. The Company’s primary focus is its high-grade Willa gold and copper project located 12 kilometers south of Silverton, B.C. In 2015, MX Gold Corp. completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. This acquisition removed major costs and shortened timelines typically associated with mine project development with planned ore shipment from Willa to the Max Mill. The Willa mine is located 135 kilometers south of the Max Mill. MX Gold Corp. can also elect to reopen the Max Molybdenum mining operation once world Moly prices improve.
On behalf of the Board of Directors,
Vice President and Director, MX Gold Corp.
Neither 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 or accuracy of this release.
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