News June 25
TORONTO, June 25, 2013 /CNW/ - Armistice Resources Corp. (TSX: AZ), operator of the McGarry gold mine in Ontario's Kirkland Lake area, today announced that Quebec regulatory approval has been received, enabling the final preparations to be made for the processing of its gold-bearing ore by QMX Gold Corporation (TSX: QMX).
On June 14, 2013, Armistice announced that it had signed a custom milling agreement with QMX to begin processing ore from its McGarry Mine at QMX's facilities in Val-d'Or Township, Quebec. The agreement was to commence following receipt of Quebec regulatory approval.
"Now that the regulatory approval has been received," said Todd J. Morgan, chief executive officer and president of Armistice, "work will begin on construction of the impermeable pad required to receive delivery of our ore as well as on an internal tailings pond dam at QMX's facilities. Once this is completed, we will commence shipments of ore for processing within the next few weeks."
As previously announced, the processing agreement with QMX is for a term of at least one year and a minimum of 30,000 tonnes of ore to be delivered by Armistice. The initial shipment by Armistice, commencing in mid-July, will be of 10,000 tonnes of ore. Subsequent batches are to be delivered at a rate of 5,000 tonnes per month. The milling agreement calls for QMX to provide for all the necessary handling, sampling, crushing, grinding, processing, refining, and tailings disposal.