TSX Venture Exchange
Shares Outstanding: 336,100,093
TORONTO, Dec. 21 /CNW/ - NWM Mining Corporation (TSX-V: NWM) announces
the initial production of gold and silver since mining started at its
Lluvia-Jojoba Project in northern Sonora, Mexico. The first shipment
of doré bullion from the minesite to a commercial refinery in the USA
occurred on Saturday, December 18, 2010.
Based on assays from the mine laboratory, the doré shipped contained
200.6 troy ounces of gold, and 299.4 troy ounces of silver. Total
payable value is expected to exceed $275,000.
Also present in the doré bullion are copper and iron, both of which
non-paying components originate from the Lluvia ore but do not give
rise to refining problems or penalties.
"Leaching operations are currently being expanded onto the new Pad SW1
area, and this should soon result in rising production of doré from the
Lluvia heap leach," stated R. Bruce Thorndycraft, Chief Operating
Officer for NWM Mining.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release includes "forward-looking information", as such term
is defined in applicable securities laws. The forward-looking
information includes, without limitation, the success of exploration
activities, price outlooks, production expectations and other similar
statements concerning anticipated future events, conditions or results
that are not historical facts. These statements reflect management's
current estimates, beliefs, intentions and expectations; they are not
guarantees of future performance. The Company cautions that all forward
looking information is inherently uncertain and that actual performance
may be affected by a number of material factors, many of which are
beyond the Company's control. Accordingly, actual future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward-looking information. All statements are made as of the date of
this news release and the Company is under no obligation to update or
alter any forward-looking information.
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
For further information: For further information:
please contact NWM Mining Corporation at (416) 364-6799