NWM Mining Corp. Announces Record Au Production Update
01.03.2013 | CNW
TORONTO, March 1, 2013 /CNW/ - NWM Mining Corporation ("NWM" or the "Company") (TSXV: NWM) is pleased to provide preliminary mine production numbers for January and February 2013.During January and February a total of approximately 3,739 oz. Au was produced at the Lluvia de Oro and La Jojoba mine. A total of 3,600 oz. of gold was sold for record sales proceeds of USD $5,942,000. An additional mine contractor has been engaged and has started to bring equipment to site for the planned acceleration of mining to a projected mining rate of 15,000 ore tonnes per day.
Chris Berlet CEO of NWM states: "The mine continues to export gold at an increasing rate with direct effect on the bottom line and an increase in period revenues. Management is mobilizing for the acceleration in mining and increase in gold production planned for 2013."
About NWM Mining Corporation
NWM is in commercial gold production at its wholly owned Lluvia-Jojoba gold mine. The mine is an open pit heap leach operation in Sonora State, Mexico. Management believes the property is significantly under-explored and hosts potential to provide further gold discoveries and resource and reserve upgrades. While management has focused in the past on developing the mine and supporting cash flows, the focus in 2013 will shift to increasing mining rates and drilling to expand geological resources and reserves. Cash flows from mining operations are expected to be used for exploration which can result in adding resources and creating shareholder value.
Additional information about NWM can be found on the NWM website at www.nwmcorp.ca or on SEDAR at www.sedar.com.
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.
SOURCE NWM Mining Corporation
Please contact NWM Mining Corporation at (416) 364-6799.