Business
Veris Gold Corp. Reports Continued Record Production for October 2013
VANCOUVER , Nov. 21, 2013 /CNW/ - Veris Gold Corp. ("Veris" or the "Company") (TSX: VG)...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"\n\n\nVANCOUVER, Nov. 21, 2013 /CNW/ - Veris Gold Corp. (\"Veris\" or the \"Company\") (TSX: VG) (OTCQB: YNGFF)\n (Frankfurt Xetra Exchange: NG6A) is pleased to provide shareholders with an October production update\n illustrating the continued growth at the Company's three wholly-owned\n Jerritt Canyon gold mines and processing plant in Elko County, Nevada.\n Jerritt Canyon is operated by Veris Gold USA Inc. (\"Veris USA\"), a\n wholly-owned subsidiary of the Company.\n\n\nOverall Operational Report\nDuring the month of October the plant averaged over 3,940 tons through\n the roasters per operating day resulting in the production of 16,407\n ounces of gold from Jerritt Canyon. On average, the operations achieved\n recoveries from Jerritt Canyon ore of 86% for the month; demonstrating\n continued significant improvements on recoveries compared to 83%\n average recoveries reported earlier in the year. The Company expects\n recoveries to continue to improve, and is looking to establish\n recoveries over 90% by 2014.\n\n\nMr. François Marland, President and CEO of Veris commented, \"Our team at Jerritt Canyon is committed to delivering results.  Every\n month we are improving our track record and we are using every\n opportunity to optimize operations at Jerritt Canyon.  October was\n another record month for us with some 89,020 tons of ore from our three\n underground gold mines with an overall average grade of 0.16 per ton\n (5.5 grams per ton).  While the Smith and Starvation Canyon mines are\n operating at above expected levels, we are working very diligently to\n ensure that the SSX-Steer Mine meets production targets aided by the\n addition of engineers and equipment.\"\n\n\nMr. Marland further commented, \"We had a strong performance during the third quarter, production-wise,\n even taking into consideration the 10-day maintenance shut-down at\n Jerritt Canyon.  The shut-down has allowed us to ensure that our\n recoveries continue to improve and are consistent in the future. \n Combined with our toll milling, operations optimization and\n improvements at SSX-Steer we are anticipating a strong fourth quarter.\"\n\n\nGraham Dickson, COO, stated, \"The operations team ably led by Kiedock Kim and Chris Jones continues\n to perform and break new ground in operational excellence. As well as\n increasi...