MX Gold Corp. (TSX-V: MXL) (FSE: ODV) (OTCQX: MXLGF) is pleased to announce the work programs at the Max Mill Site and 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 Corp.
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, MX Gold Corp completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. The Willa mine is located 135 kilometers south of the Max Mill Project site.
On behalf of the Board of Directors,
Chief Executive Officer and Director, MX Gold Corp.
For further information, please contact:
SkanderBeg Capital Advisors
Ext 104 or Ext105
Dan Omeniuk, CEO
Toll Free: 1-800-910-7711
Or by email to:
This press release contains forward-looking information that involve 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 the MX Gold Corp, including without limitations the statements regarding mineralization and recoveries from mineral samples on the Willa project, anticipated mineralization, plans and anticipated results of future sampling, production potential. There are numerous risks and uncertainties that could cause actual results and MX Gold’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) the results of the historical testing and current metallurgical testing prove to be inaccurate or not to be indicative of wider mineralization at the Willa project; (ii) risks inherent in the mineral exploration industry in general; (iii) the ability of MX Gold to complete additional testing in the future; and (iv) such other risks and uncertainties which may not be known to MX Gold at this time. 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, MX Gold does not intend to update these forward-looking statements.
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.
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