VANCOUVER, British Columbia, Aug. 10, 2016 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce the work programs at the Max Mill Site are proceeding and on budget for the production of the 10,000 tonne bulk by the end of 2016.
At the Max Mill site the company has submitted a Notice to Work application to the Ministry of Energy, Mines and Natural Resources regarding the upgrading of the Max Mill at Trout Lake, British Columbia. The company plans to commence work August 20, 2016 at the Max Mill under the leadership of the recently appointed mine manager, mill superintendent and master millwrights. The work program will entail the complete rehabilitation and upgrading of the Max mill in preparation of receiving the permitted 10,000 tonne bulk sample from the Willa gold, copper and silver deposit. It is anticipated to take 60-90 days to complete the Max Mill re-fabrication and updating of all systems. The Ministry of Energy, Mines and Natural Resources completed an electrical inspection of the mill and new power generation system on August 05, 2016.
Bert McPherson, President and Chief Operating Officer of MX Gold Corp is now on site and reviewing all operations. Bert stated “I’m pleased with the efforts to date in getting the mill operational within our scheduled budget and time frames.”
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,
“Akash Patel”
Akash Patel, Vice President and Director, MX Gold Corp.
For further information, please contact
SkanderBeg Capital Advisors
604-687-7130
Ext 104 or Ext105
Dan Omeniuk, CEO
Phone: 204-697-7740
Email: [email protected]
Ron Birch
Phone: 250-545-0383
Toll Free: 1-800-910-7711
Fax: 604-926-4232
Or by email to:
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.