MONTREAL, Aug. 16, 2013 /CNW Telbec/ - Greg Struble, President and CEO
of Maudore Minerals Ltd. (MAO: TSX-Venture; MAOMF: US OTC; M6L: Frankfurt Exchange) and its subsidiary, Aurbec Mines Inc., is pleased to
announce a recently signed Agreement with Abcourt Mines Inc., an
exploration and development company with strategically located
properties in northwestern Quebec, to treat Elder Mine mineralized
material at Aurbec's Sleeping Giant Mill.
The Elder mine is located near Rouyn-Noranda, Quebec, and the
mineralized material will be transported by truck to Aurbec's Sleeping
Giant Mill, which is located about 80 km north of Amos, Quebec. The
Agreement is in effect for six months and it may be extended if both
parties agree.
Aurbec has applied for environmental permits and authorizations to store
and process the Elder mineralized material at Sleeping Giant and a
Certificate of Authorization is expected soon. Shipment of mineralized
material will start when this permit is obtained.
About Maudore Minerals Ltd.
Maudore is a Quebec based junior gold company with milling operations
and more than 23 exploration projects, of which five are at an advanced
stage toward development with reported current and historical
resources. The Company's projects span some 120 kilometers, east-west,
of the underexplored Northern Volcanic Zone of the Abitibi Greenstone
Belt and cover a total area of 144,000 hectares (1,440 km2) with the
Sleeping Giant Processing Facility within trucking distance of key
development projects
Cautionary Statement Regarding Forward-Looking Statements
This release and other documents filed by the Company contain
forward-looking statements. All statements that are not clearly
historical in nature or that necessarily depend on future events are
forward-looking, and the words "intend", "anticipate", "believe",
"expect", "estimate", "plan" and similar expressions are generally
intended to identify forward-looking statements. These forward-looking
statements include, without limitation, performance and achievements of
the Company, business and financing plans, business trends and future
operating revenues. These statements are inherently uncertain and
actual achievements of the Company or other future events or conditions
may differ materially from those reflected in the forward-looking
statements due to a variety of risks, uncertainties and other factors,
including, without limitation, financial related risks, unstable gold
and metal prices, operational risks including those related to title,
significant uncertainty related to inferred mineral resources,
operational hazards, unexpected geological situations, unfavourable
mining conditions, changing regulations and governmental policies,
failure to obtain required permits and approvals from government
authorities, failure to obtain any required approvals of the TSXV or
from shareholders, failure to obtain any required financing, failure to
complete any of the transactions described herein, increased
competition from other companies many of which have greater financial
resources, dependence on key personnel and environmental risks and the
other risks described in the Company's continuous disclosure documents.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: Maudore Minerals Ltd.
