Business
Veris Gold Corp. increases Jerritt Canyon NI 43-101 Reserves to over 1.14 million ounces
Toronto Stock Exchange: VG VANCOUVER , June 17, 2013 /CNW/ - Veris Gold Corp. (TS...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"\n\n\nToronto Stock Exchange: VG\n\n\nVANCOUVER, June 17, 2013 /CNW/ - Veris Gold Corp. (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange:\n NG6A) is pleased to announce that it has updated its current National\n Instrument 43-101 Mineral Reserves as of December 31, 2012.\n\n\nThe estimated Proven and Probable Mineral Reserves at year-end 2012 for\n its 100% owned Jerritt Canyon operating gold mine in Elko County,\n Nevada, have increased to 1,145,000 ounces of gold at a grade of 0.157\n ounces of gold per short ton (\"opt\") or 5.38 grams of gold per tonne\n (\"gpt\").  Jerritt Canyon is operated by Veris Gold Corp USA, Inc., a\n wholly-owned subsidiary of Veris Gold Corp. (\"Veris\" or the \"Company\").\n\n\nThe attached tables summarize the newly calculated reserves and\n resources by open pit and underground deposit areas.  A map showing the\n area locations is included in this news release and is available on the\n Company's web site: http://www.verisgoldcorp.com/i/pdf/JCPropertyMap2012.pdf\n\n\nVeris Gold USA, Inc.'s Chief Mine Geologist at Jerritt Canyon, William\n Hofer, stated, \"The mine team has done a great job utilizing the existing\n infrastructure to define the additional reserves.  The 2012 reserve\n additions are directly attributable to a dedicated staff, higher gold\n prices, and recent drilling success at:  Starvation Canyon; Zones 2, 4\n and 5 at Smith Mine, Zones 1 and 9 at SSX-Steer; and Burns Basin.\" \n\n\nVeris Gold Corp's VP of Exploration, Todd Johnson, further commented, \"These year-end 2012 Jerritt Canyon reserves now support a six-year Life\n of Mine Plan.  This reserve, addition in combination with the recent\n opening of the new Starvation Canyon mine and upcoming new underground\n development at Saval in Q3 2013, will keep Jerritt Canyon on track for\n sustainable gold production.\"\n\n\n\n\n\nNational Instrument 43-101 Updated Mineral Reserves - December 31, 2012\nTable 1.  Jerritt Canyon Mineral Reserves:  December 31, 2012\n\n\n\n\n \n\n\nProven\n\n\nProbable\n\n\nTotal Proven + Probable\n\n\n\n\nDeposit/Mine\n\n\nK tons\n\n\noz/st\n\n\nK oz\n\n\nK tons\n\n\noz/st\n\n\nK oz\n\n\nK tons\n\n\noz/st\n\n\nK oz\n\n\n\n\nOpen Pit (OP)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n  ...