Mr. Todd Morgan reports
ARMISTICE RESOURCES SIGNS TRUCKING AGREEMENT; RESUMES HOISTING OPERATIONS;
SHIPMENTS OF ORE FROM THE MCGARRY GOLD MINE TO MILL FOR PROCESSING HAVE
REBUILD AND MAINTENANCE OF MCGARRY MINE'S HOIST SYSTEM COMPLETED;
HOISTING FROM MINE RESUMES;
COMPANY PRODUCTIVELY USED TIME DURING HOIST SYSTEM REBUILD TO COMPLETE
VARIOUS IMPORTANT PLANNED MAINTENANCE AND CONSTRUCTION PROJECTS
Armistice Resources Corp.,
which began hoisting and stockpiling in December, 2011, at its McGarry
gold mine in Ontario's Kirkland Lake area, has
begun shipments of ore from the mine to a mill for processing.
After receiving bids from a number of local haulage companies, Armistice
has signed a contract with James Lathem Excavating Ltd. for trucking
ore from the McGarry mine to the McAlpine mill, near Cobalt, Ont.,
for processing. On March 6, 2012, Armistice announced that it had
signed a custom milling contract with SMC (Canada) Ltd. for
processing ore at its McAlpine mill. The contract covers processing of
the first 30,000 tons of ore to be delivered from the McGarry gold
"We have previously brought sufficient ore to surface at the McGarry
property," said Todd. J. Morgan, president and chief executive officer,
"so that with the signing of this trucking contract we were able to
commence immediately a steady rate of shipments initially from
preproduction activities and then from production stopes for
processing at the mill and that will lead to our initiating our first
sales of gold.
"I also am pleased to report that we have resumed hoisting operations at
the McGarry mine. As we reported on March 20, 2012, we proceeded with
rebuilding and maintenance work on the hoist system. We have completed
the refurbishing of both hoist motors and the associated
motor-generator set, and have now placed the system back into
operation. This means a full resumption of underground work in the
mine, including bringing ore to the surface.
"We have used the past few weeks very productively, completing a number
of essential projects that had been planned. In particular, we made
modifications to the headframe required for double skipping; we
completed the construction of a temporary headframe on surface at the
vent raise for the installation of escapeway ladders to the 1250 level;
we overhauled major surface mobile and stationary equipment; we
improved and relocated various surface storage facilities; and we
engaged a number of employees in essential training programs," Mr.
Erik Andersen, PEng, vice-president and chief operating officer of
Armistice Resources, and a qualified person as defined by National
Instrument 43-101, has reviewed and approved this news release.
We seek Safe Harbor.