|
February 9, 2017
Vancouver, British Columbia
NEWS RELEASE
Management of Metal Mountain Resources Inc. and Gavin Mines Inc. (the "Company") are pleased to provide the following update on the progress at the Dome Mountain gold-silver mine near Smithers, British Columbia.
The "Company" under the terms of a 50-50 Profit Share Agreement dated May 12, 2016 with Nicola Mining Inc (Nicola). The "Company" shipped 5,700 tonnes of Dome Mine ore to the Nicola toll mill in Merritt, BC. The information garnered from processing a small amount of ore represented a trial run to determine recovery and profitability.
Nicola's operations managed a gold recovery grade upwards of 94% and 85% recovery for silver, the standard set by our metallurgical consultant for Dome Mine ore.
The "Company" is presently negotiating a longer term Profit Share (37.5% Nicola and 62.5% the "Company") Agreement with Nicola to process 100 tonnes per operating day of Dome Mine ore. This would enable the "Company" to meet the necessary requirements to continue the permit process with the BC government (For details, please see Metal Mountain News Release dated July 6, 2016). This positive cash flow would also allow for further exploration drilling on the Dome Mine property with the goal of increasing the overall tonnes, grade and ounces of gold and silver. The "Company" is working diligently to complete negotiations on this agreement.
In an effort to reduce costs and provide direct management for the Dome Mine, the "Company" has relocated head office from Vancouver, BC to Smithers, BC. The "Company" maintained an office for the accounting department in Vancouver. All correspondence must be sent to the Head Office in Smithers.
Lloyd Tattersall
Head Office Contact:
3431 19th Avenue
PO Box 2080
Smithers, British Columbia
V0J 2N0
250-847-0066
For further information please contact:
Curtis Brazeau
VP of Communications
P: 778-846-4907
E: cb@metalmountainresources.com
FORWARD LOOKING STATEMENTS:
The information contained in this website is provided solely for the reader's general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning Metal Mountain Resources Inc. All information is offered on a "best intentions" basis. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by the Company to that effect.
This website includes "forward looking statements". Other than statements of historical fact, all statements included in this document, including without limitation, statements regarding exploration results, future plans and objectives of the Company may be forward looking statements. These statements may reflect management's current beliefs and are based on information currently available to management. Forward looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements, including, but not limited to, general economic conditions, changes arising as drilling results unfold, changes in regulatory environments affecting the Company and the availability and terms of subsequent financings. Although the forward looking statements included in this document are based upon what management believes to be reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
|
Home