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25.07.2011
Topmac Holdings PLC t/a AURUMEX announces gold production
Topmac Holdings PLC t/a AURUMEX announces gold production
London, UK, 25.07.2011 -- Topmac Holdings PLC t/a AURUMEX (trading on The Frankfurt Exchange WKN: A1CX2W Symbol: LP7) today announces has started to process the crushed ore from ore dumps at the Rochester mill site in Montana.
Topmac Holdings PLC through its wholly owned subsidiary, Snow Mountain Holdings Inc. in Montana, began processing coarse ore from the ore dumps around the Rochester Mill, which have been assayed at 0.145 to 0.3 oz/T, averaging 0.2 oz./T. It is also expected that silver will be recovered as well (approximately 2.5 oz./T.).
The initial processing of 44 T. of ore was completed at another mill in the area yielding approximately 0.1 oz/T. of unscreened material, while work was being completed at the Rochester site. The Company has refurbished and enhanced the milling process at the Rochester Mill to substantially enhance the yield on gold Reichert spirals and new concentrating tables. This new production line is now operational and will be processing up to 8 T. of ore per hour
During the next ten months of production, the mill will process 12,000 T. of the screened ore from the ore dumps around the Rochester mill with an expected production of 2,400 oz. of gold and 30,000 oz. of silver. At prevailing market prices at the time of the release, this translates into $4.3 million in revenue.
About Topmac:
Topmac Holdings PLC (Exchange Frankfurt WKN A1CX2W, Symbol: LP7) is a British based, junior resource company focused on the exploration, development and production of mineral resources in Jalisco, Mexico and Montana, USA. The Company is actively engaged in the exploration and emerging production of its mineral properties Paymaster and Fairview mine for Gold and Silver. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects. The Company is focused on creating shareholder value with the company's growth strategy to acquire, explore and develop high-quality properties throughout North and South America. Management's corporate philosophy is to be a project generator, explorer and operator with the objective of option/joint venturing projects with junior mining companies through to production.
Contact:
Topmac Holdings plc t/a AURUMEX
Durham Tees Valley Business Centre
Primrose Hill Industrial Estate
Orde Wingate Way
Stockton On Tees TS16 0GA, Great Britain
Contact: Stephen Alger
Email: info@topmac.eu
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction where such offer, solicitation or sale would be unlawful. The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements» that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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London, UK, 25.07.2011 -- Topmac Holdings PLC t/a AURUMEX (trading on The Frankfurt Exchange WKN: A1CX2W Symbol: LP7) today announces has started to process the crushed ore from ore dumps at the Rochester mill site in Montana.
Topmac Holdings PLC through its wholly owned subsidiary, Snow Mountain Holdings Inc. in Montana, began processing coarse ore from the ore dumps around the Rochester Mill, which have been assayed at 0.145 to 0.3 oz/T, averaging 0.2 oz./T. It is also expected that silver will be recovered as well (approximately 2.5 oz./T.).
The initial processing of 44 T. of ore was completed at another mill in the area yielding approximately 0.1 oz/T. of unscreened material, while work was being completed at the Rochester site. The Company has refurbished and enhanced the milling process at the Rochester Mill to substantially enhance the yield on gold Reichert spirals and new concentrating tables. This new production line is now operational and will be processing up to 8 T. of ore per hour
During the next ten months of production, the mill will process 12,000 T. of the screened ore from the ore dumps around the Rochester mill with an expected production of 2,400 oz. of gold and 30,000 oz. of silver. At prevailing market prices at the time of the release, this translates into $4.3 million in revenue.
About Topmac:
Topmac Holdings PLC (Exchange Frankfurt WKN A1CX2W, Symbol: LP7) is a British based, junior resource company focused on the exploration, development and production of mineral resources in Jalisco, Mexico and Montana, USA. The Company is actively engaged in the exploration and emerging production of its mineral properties Paymaster and Fairview mine for Gold and Silver. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects. The Company is focused on creating shareholder value with the company's growth strategy to acquire, explore and develop high-quality properties throughout North and South America. Management's corporate philosophy is to be a project generator, explorer and operator with the objective of option/joint venturing projects with junior mining companies through to production.
Contact:
Topmac Holdings plc t/a AURUMEX
Durham Tees Valley Business Centre
Primrose Hill Industrial Estate
Orde Wingate Way
Stockton On Tees TS16 0GA, Great Britain
Contact: Stephen Alger
Email: info@topmac.eu
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction where such offer, solicitation or sale would be unlawful. The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements» that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3TYTK64">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3TYTK64</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.