Mr. Chris Berlet reports
NWM PROVIDES LLUVIA-JOJOBA MINE UPDATE & ANNOUNCES NEW CFO
NWM Mining Corp. produced 303 ounces of gold in May and 589
ounces of gold in June, 2011, from the Lluvia de Oro gold mine.
The quarter ending June, 2011, represents the first quarter for company
revenue. Production expectations for the balance of 2011 range from
10,000 to 14,500 ounces of gold; production expectations for next year (2012) range from 35,000 to
42,000 ounces of gold.
"The commissioning of Lluvia de Oro gold mine has been completed
successfully, and we look forward to providing further gold production
updates as the project ramps up through the balance of 2011 and into
2012. NWM remains unhedged at this time," said Chris Berlet, chief executive officer of
NWM.
NWM Mining is pleased to announce the appointment of
Christopher Chadder as chief financial officer. Mr. Chadder is a
chartered accountant with over 20 years experience as a business
adviser and senior officer to junior resource companies. Mr. Chadder
will work with current management to enhance the company's business
development, financial compliance and financial reporting strategies.
The company also announces that Dennis Waddington has stepped down
as chief financial officer to pursue other opportunities.
"Dennis has contributed a great
deal to company management in the early stages of development of the
Lluvia-Jojoba project," said Mr. Berlet. "We would like to thank
Dennis for contributing to the development of the company, and the
Lluvia de Oro and La Jojoba gold mines through successful start-up."
© 2024 Canjex Publishing Ltd. All rights reserved.