VANCOUVER, British Columbia, Aug. 02, 2016 (GLOBE NEWSWIRE) -- MX Gold Corp. (the “Company”) (TSX-V: MXL ) (FSE:ODV) (OTCQX:DTVMF) is pleased to announce Bert McPherson, the recently appointed President and COO of MX Gold Corp has arrived in Canada from Mexico and his former position with Goldcorp at the Penasquito Mine. Bert will be arriving at the Max Mill and Willa Mine site this week to commence a full review of all operations.
Bert will be reviewing all engineering and mine plans and schedule these for submission to the Ministry of Mines. Included in these plans are a new portal design and location approximately 50 meters north of the current level 1025 portal. This new portal location will be developed for 86 meters to intersect with the original 1025. It has been designed to assist with better mine access and to comply with all safe mining practices.
The company has also developed engineered plans and location for a new settling pond. A new load-out site for highway trucks that will be delivering to the Max Mill is also included in the mine plan. Permit application allowing for timber cutting of areas to be used at the mine site has been submitted.
Permit applications have been submitted to the Department of Highways to develop a new merge lane which will allow for safe access onto Highway # 6 at the Red Mountain Road interchange.
MX Gold is working on the final design and configuration of the Max mill to transformation from producing molybdenum to gold, copper, silver and will be ready to accept ore from the Willa Mine.
MX Gold already has in place a 10,000 tonne underground bulk sample exploration permit. The company now has all the required professionals in place working towards the completion of the final development plans to produce the 10,000 tonne bulk sample.
The above engineered plans are been developed in accordance with the new mining regulations to support a long-term safe mining environment at the Willa and Max Mine sites.
About Discovery
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, BC. In 2015, Discovery 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. Discovery 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 Phone: 604-818-1706
For further information, please contact Ron Birch 250-545-0383 or by email at
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery, such as statements regarding the terms of the debt settlement. There are numerous risks and uncertainties that could cause actual results and Discovery’s plans and objectives to differ materially from those expressed in the forward-looking information, including approval from the TSX Venture Exchange. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Discovery does not intend to update these forward-looking statements.
