Maudore Receives Certificate of Authorization to Begin Processing of Abcourt’s Elder Mine Production at Their Sleeping Giant Mill
MONTREAL, Sept. 17, 2013 /CNW Telbec/ – Greg Struble, President and CEO
of Maudore Minerals Ltd. (MAO: TSX-Venture; MAOMF: US OTC; M6L: Frankfurt Exchange) reports that its subsidiary Aurbec Mines Inc.
(Aurbec) has received authorization from the Ministry of Sustainable
Development, Environment, Wildlife and Parks to begin custom treating
ore feed from Abcourt’s Elder mine at the Sleeping Giant processing
plant which is located some 80 km north of Amos, Quebec in the Northern
Volcanic Zone of the Abitibi Greenstone Belt.
As previously reported on August 16(th), Aurbec and Abcourt have signed an agreement whereby Aurbec would treat
the mine production from Abcourt’s Elder mine located near
Rouyn-Noranda, Quebec once the required permits were in place. On
September 11(th), that permission was received opening up the ability for the processing
work to proceed.
All site preparation at the Sleeping Giant has been completed to receive
this additional ore source and the logistics have been completed
between both companies in order to commence shipments as early as this
week. For Aurbec, this will allow the company to maintain the plant
workforce once the current mine out phase of the Vezza project is
completed at the end of September. This custom milling agreement will
“bridge the gap” between the end of the Vezza Project feed and the
ongoing ramp up of the Sleeping Giant mine production which was
announced in our August 27(th) press release regarding the start of the new underground diamond
About Maudore Minerals Ltd.
Maudore is a Quebec based junior gold company with milling operations
and more than 22 exploration projects, of which five are at an advanced
stage toward development with reported current and historical
resources. The Company’s projects span some 120 kilometers, east-west,
of the underexplored Northern Volcanic Zone of the Abitibi Greenstone
Belt and cover a total area of 1570 km(2) with the Sleeping Giant Processing Facility within trucking distance of
key development projects.
Cautionary Statement Regarding Forward-Looking Statements
This release and other documents filed by the Company contain
forward-looking statements. All statements that are not clearly
historical in nature or that necessarily depend on future events are
forward-looking, and the words “intend”, “anticipate”, “believe”,
“expect”, “estimate”, “plan” and similar expressions are generally
intended to identify forward-looking statements. These forward-looking
statements include, without limitation, performance and achievements of
the Company, business and financing plans, business trends and future
operating revenues. These statements are inherently uncertain and
actual achievements of the Company or other future events or conditions
may differ materially from those reflected in the forward-looking
statements due to a variety of risks, uncertainties and other factors,
including, without limitation, financial related risks, unstable gold
and metal prices, operational risks including those related to title,
significant uncertainty related to inferred mineral resources,
operational hazards, unexpected geological situations, unfavourable
mining conditions, changing regulations and governmental policies,
failure to obtain required permits and approvals from government
authorities, failure to obtain any required approvals of the TSXV or
from shareholders, failure to obtain any required financing, failure to
complete any of the transactions described herein, increased
competition from other companies many of which have greater financial
resources, dependence on key personnel and environmental risks and the
other risks described in the Company’s continuous disclosure documents.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Maudore Minerals Ltd.