Toronto, Ontario / ACCESSWIRE / September 2, 2014 / Mahdia Gold Corp. (the "Company") is pleased to announce the installation and test run of a 200 ton per hour alluvial plant on the Omai site.
The Company's Joint Venture with K.B. Mining completed installation of the 200 ton per hour alluvial plant and operated two test runs during the last week. The first test run produced 4 ounces 13 pwt from a 12 hour period and the second test run on August 31st, 2014 produced 9 ounces 4 pwt from a 24 hour period.
The second alluvial plant (a 75 ton per hour plant) has arrived on the Omai site and will run alongside the first plant. The joint venture allows for ten alluvial plants with an additional two wholly owned (after payout) 200 ton per hour plants.
The JV partnership has already brought in several excavators, two alluvial plants, rolling stock, manpower and additional technical expertise to enhance and expedite the development of the placer gold production program. A total of ten alluvial plants, including crushers, concentrators and diamond recovery systems are part of the deployment plans.
Mahdia Gold and its JV partner, may install night time working lights and operate additional shifts as recoveries and equipment functioning permit. The JV partnership has employed adequate crews for proper rotations.
Management focus is on field operations, building production and stabilizing its finances, to deal with requests for frequent updates monthly production reports including imagery will be posted on the website and its monthly CSE reports for regular production updates to its shareholders and the public.
The Company's short term goal is to develop a placer gold production stream that may be leveraged into a significant financing for the continued development its core hard rock project.
About Mahdia Gold Corp.
Mahdia is a Canadian-based gold exploration company with active gold prospects in Guyana, South America.
For further information contact: Donald Gordon Interim CEO (604) 617-7221 or David Bending, VP Exploration, by email at [email protected], or by telephone at (416) 214-7748.
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mahdia Gold Corp.