|By Marketwired .||
|August 21, 2014 10:03 AM EDT||
RIMOUSKI, QUEBEC -- (Marketwired) -- 08/21/14 -- Ressources Appalaches (TSX VENTURE:APP)(FRANKFURT:OU3) is pleased to announce that the plant has almost reached its maximum output of 300 tons per day (t/d) with an average production of 245 t/d during the first two weeks of August with a minimum of 120 t/d to 352 t/d. Production has progressed gradually from 75 to 245 t/d in four months.
---------------------------------------------------------------------------- Mill Operations Report May to June July August (2 months) (1 month) (14 days) ---------------------------------------------------------------------------- Ore Processed (ton) 4505 4078 3436 ---------------------------------------------------------------------------- Daily Average (tons per day) 75 132 245 ----------------------------------------------------------------------------
The ramp up period is almost completed. All plant components are working properly: grinding, gravity and flotation. Some elements remain to be optimized such as the automatic sampler and the filter press. To date, four dores were poured at the mine withfinal refining at Johnson Matthey (Ontario), sale of these ingots is underway. Results will be compiled and published subsequently when the mine reaches its normal production pace.
The fourth vein of the mine, located 120 m from the surface, is dewatered and ready to be exploited. Mechanical problems associated with extraction equipment caused delays, however, the Company maintains its objective to reach full capacity shortly at 300 t/d. Access to four veins will allow the stabilization of production revenues by combining areas of high and low levels.
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.
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.
Alain Hupe, Eng.
President and CEO
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