Business
Veris Gold Corp. announces official opening of Starvation Canyon gold mine
Toronto Stock Exchange: VG VANCOUVER , July 22, 2013 /CNW/ - Veris Gold Corp. (...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"\n\n\nToronto Stock Exchange: VG\n\n\nVANCOUVER, July 22, 2013 /CNW/ - Veris Gold Corp. (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange:\n NG6A) is pleased to announce the official opening of Starvation Canyon, the\n third gold producing mine to come into production at its Jerritt Canyon\n Operations located in Elko County, Nevada and operated by Veris Gold\n USA Inc., a wholly-owned subsidiary of Veris Gold Corp. (the \"Company\"\n or \"Veris Gold\").\n\n\nThe official opening of Starvation Canyon will happen on July 29, 2013\n and will be attended by local dignitaries, suppliers and the dedicated\n staff of Veris Gold.\n\n\nSituated in the southern part of the vast Jerritt Canyon property,\n Starvation Canyon is the first gold mine to come into production at\n Jerritt Canyon since 2004. Initial underground development work, portal\n excavation and drift development, started in November 2012 and\n continued to early April 2013.  Starvation Canyon is operated by Small\n Mine Development (\"SMD\").  Similar underground mining methods that are\n being used at the other operating mines (Smith and SSX-Steer) are\n successfully being utilized at Starvation Canyon.\n\n\nR. Llee Chapman, President and CEO of Veris Gold stated, \"The SMD team,\n led by Joe Knaack, Starvation Canyon Mine Superintendent, has been\n critical to our success at Starvation Canyon and we are proud of our\n overall partnership with them at Jerritt Canyon. Six months from\n blasting the portal to production on-time and on-budget is no small\n feat and this mine has performed better than expected right from the\n start. Most importantly, Starvation Canyon now plays a key role in our\n production pipeline ensuring that our feed is maintained at steady\n levels at our Jerritt Canyon mill operations. I would like to thank all\n of the teams that came together to successfully bring this new gold\n producing mine into production.\"\n\n\nAs announced in a news release on April 8, 2013, Starvation Canyon had\n early production of 300 ore tons averaging 0.15 ounces per ton (opt)\n and has since June ramped up to 600 tons per day. Production at\n Starvation Canyon is an essential element to the 2013 production plan\n for the Jerritt Canyon Operations and, consistent with the Company's\n guidance, this mine is expected to contribute in excess of 25,000\n ounce...