Symbol: NWM
TORONTO, May 22, 2013 /CNW/ - NWM Mining Corporation (the
"Company" TSX-V: NWM) is pleased to announce that Mr. Darren Koningen, P.Eng and Mr. Pedro Delgado, P.Eng have joined the Company as
President and COO and General Manager respectively.
Mr. Koningen is a graduate of mineral process
engineering from Queen's University in Kingston, Ontario, Canada and has more than
twenty years of experience in the mining and extractive metals
industries. Darren has a proven track record of successful project
development and mine commissioning both as part of large
international engineering companies, and as a metallurgical
consultant. Recently, Darren and Pedro
Delgado led the successful commissioning and start-up of the
El Sastre (Guatemala) and
El Castillo (Mexico) heap leach gold mines as founding
members of the management group for Castle Gold Corp. (TSX: CSG).
The group was responsible for the expansion plans at the
El Castillo mine which were well
underway when Castle Gold was sold to Argonaut Gold Inc. (TSX: AR).
The El Castillo mine is located in
Durango, Mexico and remains the
flagship asset for Argonaut with a current production rate in
excess of 100,000 gold ounces per year.
"I have been watching progress at Lluvia de Oro
since the mid 2000's and became more fully engaged towards the end
of 2012 when I agreed, along with other key members of the
successful management team from Castle Gold, to assist with the
expansion plans for the mine. We have completed several months of
reviewing and optimizing site operations at the Lluvia de Oro gold
mine and believe that with the appropriate levels of funding both
increased production rates and higher quantities of resources can
be attained in the near term. There appears to be considerable
untapped exploration potential on the property and a 5,000 metre RC
drill program has recently been initiated with re-estimated mine
resources and reserves expected later in the third quarter of
2013. As exploration potential is realized we will continue
to identify opportunities to increase the production growth profile
for the project. Growth in production rates accompanied by progress
made in understanding leach characteristics for the Lluvia de Oro
ore will allow us to continue to reduce operating costs as the
project moves forward," stated Darren
Koningen, President and COO of NWM.
Mr. Delgado, P.Eng brings more than 20 years of
mining and mining management experience to the Company. He
has served as mine manager in several successful mining operations
in Mexico and was onsite manager
for the successful commissioning and expansion plans implemented at
the Castillo Gold Mine for Castle Gold Corp. Mr. Delgado is
responsible for onsite operations and for the ramp-up in gold
production projected for NWM this year. Also joining Pedro at
Lluvia de Oro, are a number of other key senior members of his
management team from Castle Gold. The newly reassembled group has a
proven track record of successful mine development and operations
management.
NWM is an emerging gold producer with two
currently defined ore bodies containing NI 43-101 compliant gold
reserves and resources. The Company is focused on expanding
production of its profitable operations at the Lluvia de Oro and La
Jojoba gold mines, and on growing reserves and resources through
exploration.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy of this release |
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release includes "forward-looking
information", as such term is defined in applicable securities
laws. Forward-looking information includes, without limitation, the
success of exploration activities, price outlooks, production
expectations and other similar statements concerning anticipated
future events, conditions or results that are not historical facts.
These statements reflect management's current estimates, beliefs,
intentions and expectations; they are not guarantees of future
performance. The Company cautions that all forward looking
information is inherently uncertain and that actual performance may
be affected by a number of material factors, many of which are
beyond the Company's control. Accordingly, actual future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward-looking information. All statements are made as of the date
of this news release and the Company is under no obligation to
update or alter any forward-looking information.
SOURCE NWM Mining Corporation