TSX Venture Exchange
TORONTO, Nov. 8, 2011 /CNW/ - NWM Mining Corporation (the "Company") (TSX-V: NWM) is pleased to announce that the Company has received a permit from the
authorities in Magdalena de Kino, Sonora, Mexico for a "change of land
use" (Cambio de Uso de Suelo) covering the La Jojoba gold reserve. The
area covering the La Jojoba gold reserve has been reclassified from
ranching to mining. This permit allows the Company to undertake
stripping and mining operations on the La Jojoba gold reserve.
The permit was secured by Lic. Marco Antonio Andrade Aguirre. Lic.
Andrade Aguirre is the advisor and legal representative of Minera
Columbia de Mexico SA de CV, ("MCM") a wholly owned subsidiary of NWM
Mining Corporation. The Mayor of the Municipality of Magdalena, Luis
Melecio Chavarin Gaxiola, and several Municipal officials, have been
very supportive of MCM and mining in general.
"This is the last permit required to commence mining operations on the
La Jojoba gold reserve and will lead to development of the Jojoba mine.
Recent analysis suggests that a significant part of the La Jojoba gold
reserve does not require more capacity to extract copper from leach
solution than we already have available onsite. In 2012 the
Lluvia-Jojoba project will be expanded into two producing mines, with
each mine concurrently feeding ore to the newly constructed Lluvia Dos
leach pad. Economies of scale are improved with the prospect of
developing ore production from both the Lluvia de Oro and La Jojoba
gold mines concurrently," said Chris Berlet, CEO.
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
SOURCE NWM Mining Corporation
For further information:
Chris Berlet, President & CEO or Chris Chadder, CFO
Phone: 416-364-6799 Fax: 416-364-2595