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.
For further information: For further information:
please contact NWM Mining Corporation at (416) 364-6799