Welcome!

News Feed Item

Ressources Appalaches 2013 Review and Strategic Goals for 2014

RIMOUSKI, QUEBEC -- (Marketwired) -- 01/09/14 -- Ressources Appalaches (TSX VENTURE:APP)(FRANKFURT:OU3), would like to recount the work done and significant progress achieved during 2013 and update on the strategic goals for 2014 developing the Dufferin Gold Mine in Nova Scotia.

In 2014 the Company will start gold production to reach its installed capacity of 300 tons per day. The Company has well defined strategies to reach these goals:


--  The path to production will continue in January with new hiring of
    operators, miners, electricians, mechanics and security staff to
    complete the planned number of 70 employees. 
--  The company will continue refining the engineering work for mining plan,
    ventilation system and tailings management for the Company's cost
    optimisation and good compliance standing. 
--  The Company is planning to do underground development and to complete
    the installation of new equipment in the mill during the first quarter
    in order to start the ore production by the end of Q1. 
--  Ramping up the production to reach the full practical capacity of the
    mill by the third quarter. 
--  During the period, an important geological program will be made to bring
    a quality mining process to the mine and to increase resources along the
    anticline strike length.

Ressources Appalaches' team successfully completed the goals for the year 2013 as detailed below:


--  The Company completed the acquisition of 100% of the East Dufferin
    property, adjacent to the Dufferin mine. The Company properties now
    covers anticline structure over 8.4 km long, of which 1.4 km has been
    drilled to depths upwards to 400m (see Press Release March 20, 2013). 
--  The Company announced the closing of the first tranche of a U.S. $10
    million loan, receiving the first $2.5 million (U.S.) tranche on May 8. 
--  The Company was successfully listed on the Frankfurt Stock Exchange
    (FWB) under the ticker symbol OU3. 
--  Industrial Approval from the Province of Nova Scotia was received on
    November 27, 2013. This last authorisation will lead Ressources
    Appalaches from a junior exploration company to a mining company on a
    clear path to produce gold. 
--  The Company announced the closing of the second tranche (U.S. $7.5
    million) of its US$10M loan financing on December 2nd, secured for gold
    production at the Dufferin mine. 
--  The Company's recruiting efforts resulted in experienced professionals
    for positions as Financial Controller, Administration Officer, Deputy
    Mine Manager, Senior Mining Engineer, Mill Superintendent, and Operation
    Geologist, as well as Administrative staff and site services. The
    Company also welcomed Mr Jose Oro as a new director.  
--  Rehab of Portal and the technical preparations to start working
    underground (see Press Release Jun 17, 2013) was completed.  
--  A group of contracts were awarded for construction of the crusher
    building, tailings facility upgrade and fuel storage facility. The mill
    was partly refurbished and the remainder of the shaker table, falcon
    concentrator, filter press and induction furnace have all been ordered
    for delivery during QI, 2014. 

Mr. Jean Claude Morel has tendered his resignation as executive Vice President and COO of Ressources Appalaches due to personal reasons, effective today. The board of directors sincerely thanks Mr. Morel for his contributions during his time with the company and wishes him well in all his endeavours.

About Ressources Appalaches

Since it was created in 1994, the goal of Ressources Appalaches has been to discover and develop deposits of base and precious metals in Canada with an expertise targeted towards the Appalachian geological formation in Quebec and Nova Scotia. The Company is mainly focused on the exploration and development of the Dufferin Gold Mine in Nova Scotia.

Photos of the Dufferin Mine and its facilities are available on the Company's website at:

www.ressourcesappalaches.com.

The contents of this press release were prepared and reviewed by Alain Hupe, Eng. A Qualified Person as defined in NI 43-101. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this release.

The contents of this press release were prepared and reviewed by Alain Hupe, Eng. A Qualified Person as defined in NI 43-101. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this release.

This press release may contain certain forward-looking statements that include elements of risk and uncertainty. Consequently, actual results may differ substantially from those anticipated in such statements. These risks and uncertainties are described in the quarterly and annual reports, and in the documents submitted to the securities administration.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
"Peak 10 is a national cloud data center solutions managed services provider, and part of that is disaster recovery. We see a growing trend in the industry where companies are coming to us looking for assistance in their DR strategy," stated Andrew Cole, Director of Solutions Engineering at Peak 10, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership abi...
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to transi...
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you ...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.