|By Marketwired .||
|June 23, 2014 06:00 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/23/14 -- Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG)(TSX: TXG.WT) is pleased to announce that mining of the "North Nose" pit has started, and this mining will add approximately 72,000 recoverable ounces into a stockpile that will be available when the plant is ready for commissioning in August of 2015. The Company expects to process this material in 2015, in addition to the previously planned 38,000 ounces of 2015 production from its El Limon-Guajes Project in Mexico.
Fred Stanford, President and CEO of Torex, said: "It has always been the intention to engineer a way to bring forward, into the 'ramp-up period', the tail end of the production schedule as defined in the feasibility study. Now that the operators and engineers are on site and developing into a team, they have been able to design a mining approach for the North Nose Pit that will work in concert with the construction of the Rope Conveyor. These ounces that they have been able to pull forward have an excellent grade at an average of 2.9 g/t and will be low cost at an average strip ratio of 1.9 / 1. With this good work to enhance early cash flows now complete, they will turn their attention to doing the same with the El Limon Sur deposit, for the 2016 portion of the ramp up period. Construction of the El Limon-Guajes Project continues to advance on schedule and on budget," he added.
Torex is a growth-oriented, Canadian-based resource company engaged in the exploration and development of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City. Within this property, Torex has two projects: the El Limon and Guajes Project, currently under development, and the Media Luna Project, at an advanced stage of exploration. Torex intends to identify a pipeline of future economic deposits within its property, which remains 75% unexplored.
To view Figure 1, click on the following link: http://media3.marketwire.com/docs/953416m.pdf
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the advance of funds pursuant to the Loan Facility, the use thereof, the successful completion of the Project and the implementation of a gold hedging program. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "estimates", "intends", "anticipates" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made at the date that such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including those risk factors identified in the Company's annual information form and management's discussion and analysis. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Dec. 6, 2016 05:45 AM EST Reads: 5,281
Dec. 6, 2016 05:00 AM EST Reads: 1,639
Dec. 6, 2016 04:45 AM EST Reads: 991
Dec. 6, 2016 04:30 AM EST Reads: 1,926
Dec. 6, 2016 04:15 AM EST Reads: 1,751
Dec. 6, 2016 03:45 AM EST Reads: 810
Dec. 6, 2016 01:00 AM EST Reads: 1,844
Dec. 6, 2016 12:45 AM EST Reads: 847
Dec. 6, 2016 12:30 AM EST Reads: 3,886
Dec. 6, 2016 12:30 AM EST Reads: 1,197
Dec. 6, 2016 12:30 AM EST Reads: 4,584
Dec. 6, 2016 12:00 AM EST Reads: 895
Dec. 5, 2016 11:45 PM EST Reads: 4,308
Dec. 5, 2016 10:45 PM EST Reads: 2,078
Dec. 5, 2016 10:30 PM EST Reads: 1,059