Ressources Appalaches announces closing of the second tranche of its US$10 M Loan Financing Secured for Gold Production at Dufferin Mine
Dec 2, 2013
Ressources Appalaches announces closing of the second tranche of its US$10 M Loan Financing Secured for Gold Production at Dufferin Mine Rimouski, Quebec, Canada – December 2, 2013 – Ressources Appalaches (APP - TSXV and OU3 - FWB) is pleased to announce the closing (the “Closing”) of the second tranche of its previously announced loan financing of US$10 M provided by New York based Lascaux Resource Capital Partners, LLC. A first tranche (“Tranche A”) of US$2.5 M, less third party fees and expenses, was advanced to the Company in May 2013 and the second tranche (“Tranche B”) of US$7.5 M, less prepaid interest of US$800,000, a structuring payment of US$300,000 and other third party fees and expenses, was advanced at Closing. Path to Production The loan financing of US$10 M is expected to provide sufficient funds to complete the refurbishment of the Dufferin Mine and advance the project to gold production. Start of commissioning is currently projected for approximately 4 months, with another 4 months of mining & milling ramp-up operations. The targeted first stage of production stands at 300 tonnes per day (TPD). This targeted output was reviewed by MineTech International as part of the financing due diligence process.
Sheet Harbour to see steady gold activity
Nov 28, 2013
Gold production will come to the Sheet Harbour area at a slow and steady pace over the next four months, developers of the Dufferin Mine project said Thursday. “We expect some specialized heavy equipment to arrive at the site in four to six weeks,” Jean-Claude Morel, vice-president of Ressources Appalaches Ltd. of Rimouski, said in a Halifax interview. “Sheet Harbour residents will begin to see more new faces over the next few months. From our initial assessment of job applicants, we are expecting perhaps 15 to 20 families to move to the community as hiring continues.” About 75 people will eventually work at the Dufferin Mine. There are now about 20 working there and about 950 people applied for the remaining 55 jobs to be filled over the next three months. For about five years, the developers of the Dufferin Mine have drilled and reassessed their resource. They found themselves finally on the route to gold production after receiving a required industrial approval from the provincial government Wednesday. This development allows Ressources Appalaches to obtain US$7.5 million from its American backer to complete the refurbishing and prepare for the relaunch of Dufferin Mine gold production. “We expect to complete the financing process within a couple of weeks,” Morel said. The United States lender has already approved all the documentation relating to the mine, so the developers are on target for a site commissioning in four months. “We should be pouring gold in March or April,” Morel said. Ressources Appalaches expects to be producing 20,000 to 25,000 ounces of gold per year by the middle of 2014. The latest developments put the project ahead of the Moose River Gold Mines project led by D.D.V. Gold Ltd., an Australia company continuing its search for investors with plans to break ground next year. “If there was a race to see who would pour gold first, it was a friendly race,” Morel said. “If there are more gold producers in Nova Scotia, this helps us keep our costs down.” The Dufferin Mine is a ramp-style operation that allows the miners to walk and drive to their work spots, while the D.D.V. Gold project calls for open-pit extraction. About the Author » By BILL POWER Business Reporter Email: email@example.com Twitter: @CH_HeraldPower
Dufferin Gold Mine set to restart production in 2014
Nov 28, 2013
Dufferin Gold Mine set to restart production in 2014 - Sheet Harbour business could produce 25,000 ounces of gold per year By Paul Withers, CBC News Posted: Nov 28, 2013 3:08 PM AT| Last Updated: Nov 28, 2013 3:37 PM AT http://www.cbc.ca/news/canada/nova-scotia/dufferin-gold-mine-set-to-restart-production-in-2014-1.2444068
Ressources Appalaches Fully Permitted for Gold Production
Nov 27, 2013
Ressources Appalaches (APP - TSXV and OU3 - FWB) is very pleased to report that it is fully permitted to proceed with gold production at its 100% owned Dufferin Mine project in Nova Scotia. Today the Company received the final permit, the Industrial Approval, from the provincial authorities. Alain Hupe President and CEO of Ressources Appalaches reports: “The issuance of the Industrial Approval has an enormous importance, allowing Ressources Appalaches to go from an Exploration Company to be a Gold Producer Company in a short period of time" The receipt of the Industrial Approval along with the technical due diligence completes the most substantial conditions precedent for the funding of US$7.5 million under Ressources Appalaches’ current gold prepay facility. The lender’s technical team reported last month that it was satisfied with Ressources Appalaches' Dufferin Mine gold mine plan documents (mine report, mine plan, surface and underground electrical installation plan, ground control procedures and ventilation plan) economic model, operating cost estimates, and capital cost estimates (see press release of October 30, 2013). Funding Conditions Precedent are nearing Completion The Company is working to complete all legal conditions precedent required to be satisfied in order to release the remaining US$7.5 million to Ressources Appalaches. The US$7.5 million advance is expected to provide the required funds to complete the refurbishment and re-launch gold production at the Dufferin Mine (see press release of May 8, 2013). The signing of the loan documents and advance of funds is expected to occur shortly. Start of commissioning is projected 4 months after the receipt of funds, with another 4 months required for initial mining and milling ramp-up of operations to steady state production.
Gold mining returns to Nova Scotia: Ressources Appalaches set to reopen Dufferin Mine
Nov 27, 2013
The stage has been set for the rebirth of the gold mining industry in Nova Scotia. Five years after outlaying $4-million purchasing the Dufferin Gold Mine, located on the eastern shore of Nova Scotia and about one hour north of Halifax, Ressources Appalaches has now been issued with the final permit, the so-called industrial approval from the province. As a result, the company can now move from being a gold explorer to a gold producer. “It’s very exciting,” said Alain Hupe, its chief executive, on a visit to Toronto this week. On Friday the company, whose shares are listed on the TSX-Venture Exchange, (they are also listed on the Frankfurt Exchange) will explain its plans to investors at a ceremony. More importantly the provincial government permit means that the company – with a market cap of about $20-million – will receive the final installment of a US$10-million gold loan from New York-based Lascaux Resource Capital Partners, LLC. The first instalment of US$2.5-million was received when the agreement was signed last May. (Part of the US$2.5-million was used to dewater the mine.) Receiving the US$7.5 million – which like the first tranche comes with an 8% interest rate – will allow the company to refurbish the Dufferin Mine that has been largely shuttered for more than a decade and advance the project to gold production. (It was closed in 2001 because of low gold prices and reopened in 2008 by a creditor who generated revenues by processing the tailings.) “We will spend the next four months buying the equipment and the next four months ramping up production with full production starting in the middle of next year,” said Hupe who lives in Rimouski, Que., and makes the eight-hour trip to the mine on a regular basis. Before production gets underway, the company will hire additional employees. It plans to add another 50 staff (to complement the existing 20-person crew) and should have lots of choice. Almost 1,000 applications have been received. Hupe explained that the Dufferin Mine – home to a so-called saddle reef deposit – comes with considerable advantages. The workers have access via a ramp – and not via a shaft. “They will walk in and walk out,” he said. As for the plans, Hupe said that by the middle of next year, 300 tons of ore is expected to be put through the mill. The goal is to produce 20,000 – 25,000 ounces a year. (Indeed based on current exploration numbers, the company only has enough material for four to five years of production.) Later and following more exploration – the property runs for eight kilometers and less than 10% has been explored – plans call for 600 tons of material to be processed each day. If things work out as planned, the mine will be producing 40,000 – 50,000 ounces a year. Under the terms of the goal loan, the almost 20-year company – that prior to its involvement with the Dufferin Mine focused its efforts in Quebec – is required to deliver 10,125 ounces of gold over a 27 months period. “It’s about 17% of our estimated production,” said Hupe, a geologist. The company plans to produce so-called dory gold in two places: about 75% on site (and sent to Johnson Matthey for final processing) with the rest, the concentrate, being processed in Beldune, New Brunswick (a smelter owned by Xstrata and now Glencore.) Barry Critchley | 27/11/13 | Last Updated: 27/11/13 6:43 PM ET More from Barry Critchley .
Resurrection of a gold mine in Nova Scotia?
Nov 27, 2013
Resurrection of a gold mine in Nova Scotia? Ressources Appalaches says it could start mining in 2014 with an Industrial Permit in hand, and $7.5m in funding set for release to refurbish a mill. Author: Kip Keen Posted: Wednesday , 27 Nov 2013 HALIFAX, NS (MINEWEB) - I'll be watching what Ressources Appalaches (TSX-V: APP) can make of its Dufferin gold mine in Nova Scotia now it has an Industrial Permit to mine. Past owners have had a few kicks at the operating can, but the deposit has never really gained traction as a solid gold mine. Dufferin has a history of short-lived mining attempts. The question now is can Ressources Appalaches make more of it? The junior, whose management I couldn't reach by phone on Wednesday afternoon, has dewatered old workings and aims to refurbish an existing 300-tonne-per-day-mill and start mining at a rate between 20,000 to 25,000 ounces gold a year in 2014. The rapid re-start is to be funded by a $10 million loan from Lascaux Resource Capital that Ressources Appalaches arranged earlier this year. The industrial permit from the government of Nova Scotia was one of the main conditions Ressources Appalaches had to meet for Lascaux to release the bulk of funds. These proceeds are something to watch for now. In the past couple decades there's been a few attempted restarts. The details are in a NI-43-101 project report by MineTech. To recap: in the early 1990s Seabright Explorations came close to bringing Dufferin to production before suspending operations. Then Dufferin Resources took over and milled some 1,400 tonnes from one of the deposit's Bendigo-like saddle reefs in 1994, but soon closed up shop the following year. Fast forward to the 2000s, Azure Resources tried to make a go of it again, refurbishing the mill, processing some 23,144 tons ore, producing some 1,600 onces gold and 20,000 tons waste rock. Recoveries were reportedly low at 54 percent. Ownership passed on to Jemma Resources which produced about 1,600 ounces gold from tailings, but it ultimately optioned the property off to Ressources Appalaches in 2008. One historic resource estimate in the early 1990s pegged the deposit at 152,000 tonnes @ 12 g/t Au. But - and this is interesting - Ressources Appalaches has done a fair bit of expansion drilling in the past five years, which is evident on page 16 of their most recent presentation. While Ressources Appalaches does not report a resource, it appears it has hit some high grades in extensions to the saddle reef veins of the Dufferin gold deposit. Assuming Ressources Appalaches improves on historic milling performance, these might just help the Dufferin gold mine leave behind a history of false starts. We shall soon see. Topics: gold, Ressources Apppalaches, Nova Scotia, Duffering gold mine
Ressources Appalaches Fully Permitted for Gold Production
Nov 27, 2013
Ressources Appalaches Fully Permitted for Gold Production RIMOUSKI, QUEBEC--(Marketwired - Nov. 27, 2013) - Ressources Appalaches (TSX VENTURE:APP)(FRANKFURT:OU3) is very pleased to report that it is fully permitted to proceed with gold production at its 100% owned Dufferin Mine project in Nova Scotia. Today the Company received the final permit, the Industrial Approval, from the provincial authorities. Alain Hupe President and CEO of Ressources Appalaches reports: "The issuance of the Industrial Approval has an enormous importance, allowing Ressources Appalaches to go from an Exploration Company to be a Gold Producer Company in a short period of time" The receipt of the Industrial Approval along with the technical due diligence completes the most substantial conditions precedent for the funding of US$7.5 million under Ressources Appalaches' current gold prepay facility. The lender's technical team reported last month that it was satisfied with Ressources Appalaches' Dufferin Mine gold mine plan documents (mine report, mine plan, surface and underground electrical installation plan, ground control procedures and ventilation plan) economic model, operating cost estimates, and capital cost estimates (see press release of October 30, 2013). Funding Conditions Precedent are nearing Completion The Company is working to complete all legal conditions precedent required to be satisfied in order to release the remaining US$7.5 million to Ressources Appalaches. The US$7.5 million advance is expected to provide the required funds to complete the refurbishment and re-launch gold production at the Dufferin Mine (see press release of May 8, 2013). The signing of the loan documents and advance of funds is expected to occur shortly. Start of commissioning is projected 4 months after the receipt of funds, with another 4 months required for initial mining and milling ramp-up of operations to steady state production. Final Recruitment Process Over the course of the past few weeks the Company has commenced the final selection and hiring process for the remaining approximately 54 positions to be filled in order to resume gold production at its Dufferin Mine. To date, the Company has received more than 950 applications for the following positions: - Mine Technicians/Junior Mining Engineers - Mill Superintendent - Underground Boss - Millwrights / Trades Mechanics - Senior Assayer - Process Boss & Process Operators - Underground Miners - Assay Lab Staff - Electricians - Underground Mechanic - Site Services Technicians - Security Personnel - Administrative Assistants - Finance Clerks The sizeable number of applicants will enable the Company to continue its very competitive selection process. This progression will increase the opportunities of hiring the most qualified applicants to join the Dufferin Mine team Webcast The company will host a conference call and webcast on Friday, November 29, 2013 at 11:00 a.m. Eastern time to discuss the details concerning the Industrial Approval permitting, the second tranche of the Loan and provide a development update. Webcast and call-in details are as follows: Live event link, register now: https://attendee.gotowebinar.com/register/6807620000992218881 The audio feed call-in details for people who cannot attend the online webcast is as follows: Canada, +1 (647) 497-9409 Code: 746-338-121 United States, +1 (516) 453-0014 Code: 746-338-121 Germany, +49 (0) 811 8899 6999 Code: 746-338-121 United Kingdom, +44 20 7151 1848 Code: 746-338-121 A replay of the webcast will be available at www.ressourcesappalaches.com from November 29, 2013 until December 15, 2013. Tracking our Progress The Company's website www.ressourcesappalaches.com is being updated actively with all of our news and project updates. Bookmark us! Twitter account setup @ResAppalaches and being used to update any and all subscribers. Subscribe now to get your 140 character updates as we progress. About Ressources Appalaches Since it was created in 1994, the goal of Ressources Appalaches has been to discover and develop deposits of base and precious metals in Canada with an expertise targeted towards the Appalachian geological formation in Québec and Nova Scotia. The Company is mainly focused on the exploration and development of the Dufferin Gold Mine in Nova Scotia. Photos of the Dufferin Mine and its facilities are available on the Company's website at: www.ressourcesappalaches.com. The contents of this press release were prepared and reviewed by Alain Hupé, Eng. A Qualified Person as defined in NI 43-101. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this release. This press release may contain certain forward-looking statements that include elements of risk and uncertainty. Consequently, actual results may differ substantially from those anticipated in such statements. These risks and uncertainties are described in the quarterly and annual reports, and in the documents submitted to the securities administration. Alain Hupe, Eng. President 418-724-0901 firstname.lastname@example.org Jean-Claude Morel Executive Vice-President & COO
Growing Shareholding in Europe
Nov 8, 2013
Ressources Appalaches (APP - TSXV and OU3 - FWB) is pleased to report that it has contracted Smart Relations as investor relations and corporate communications service provider for European investors.
Gold mine closer to reality
Nov 7, 2013
PORT DUFFERIN — An Eastern Shore gold mine is now one permit away from reopening. On Thursday, Ressources Appalaches Inc. got the nod from the provincial Labour Department, which had reviewed the mine’s equipment and procedures for their effect on worker safety. The last shoe to drop before the Quebec-based junior exploration company can operate the mine will be to receive industrial approval from the Environment Department. For the company, opening its first mine would also mean no longer having “junior” slapped onto references to the exploration company. “We’ve been told that we’re nearing completion of that process,” said Jean-Claude Morel, executive vice-president of Ressources Appalaches on Thursday. The company filed for industrial approval in May. http://m.thechronicleherald.ca/business/1165963-gold-mine-closer-to-reality?utm_source=email&utm_medium=business-insider&utm_campaign=business-insider
Completion of Technical Due Diligence
Oct 30, 2013
Ressources Appalaches (APP - TSXV and OU3 - FWB) is pleased to announce that it has successfully completed the technical due diligence for the remaining US $7.5 million (Tranche B) of a US $10 million secured loan financing provided by New York based Lascaux Resource Capital Partners, LLC (see press releases of May 8, 2013).
Hundreds apply for 50 positions at Dufferin mine
Oct 17, 2013
Hundreds of experienced industrial workers, many with connections to Nova Scotia’s Eastern Shore, want to participate in the reboot of the Dufferin gold mine. Some of about 780 applications received to date for about 50 jobs are from people with industrial work experience in Newfoundland-Labrador, Ontario, Quebec and Western Canada, Alain Hupe, president of mine developer Ressources Appalaches Inc., said Thursday. Read more at the Chronicle Herald. http://thechronicleherald.ca/business/1161201-hundreds-apply-for-50-positions-at-dufferin-mine
Energy & Mining Magazine
Oct 15, 2013
A firm’s focus can change substantially during its life. Ressources Appalaches is preparing for such an evolution, as it moves from an exploration firm to a full production company on its Dufferin Mine project, Chief Administrative Officer Steve Hebert says. The Rimouski, Québec-based company started operations in 1994, “exploring in the Appalachian range for gold and other precious metals,” Hebert explains. But, in 2008, it found the Dufferin property, a previously explored gold mine located in rural Nova Scotia, 150 kilometers northeast of Halifax. Ressources Appalaches has performed drill core sampling on the property from 2008 to 2010, and it appears to have substantial reserves, Hebert says. When judging the reserves, “You need to have six grams per ton,” he says. “Some of our core samples are coming in well above 13 or 14 grams per ton.” Ramping Up Ressources Appalaches is awaiting its second transfer of funding on the project. “[It] will take us into production in the coming months,” Hebert predicts. While the firm currently employs 21 employees, it will add more when the financing arrives. “We’re going to boost [our staff] to 60 to 70 people.” Resources Appalaches will pull 20,000 to 25,000 ounces during the first year, he predicts. “We’re going to be ramping that up to 40 to 50 thousand ounces by year two,” he adds. Finding Savings Electrical power and other existing infrastructure ensures Ressources Appalaches will save money on the Dufferin project. “There is a full mill, and we’re refurbishing that whole mill right now,” Hebert says. The amount of savings helps make the project more feasible, Hebert says. “Most mines cost $40 million to $50 million to start up,” he says. “We’re doing this whole project with $10 million.” Going Local Ressources Appalaches has worked closely with locals in Nova Scotia, Hebert says. Most of the company’s current staff is comprised of Nova Scotians. Additionally, “Any time we go to procure anything, we look to feed the economy,” he says. The company also is working with Nova Scotia Business Inc., a business development agency “to see what deals they can give us,” he says, explaining that it aims to find income tax rebates. “Most of the time, it’s 7 to 10 percent as long as we hire locally.” Local reaction to the project also has been strong, Hebert says. “[It will be] the first significant gold producer in Nova Scotia for quite some time,” he says. “People are quite excited.” Getting Things Done Hebert joined Ressources Appalaches 18 months ago. When the company started developing Dufferin, President, CEO and Director Alain Hupé and Executive Vice President and COO Jean-Claude Morel approached Hebert personally. “They wanted somebody that knew the area and could get things done which had strong administrative management expertise,” Hebert recalls. Although his background is in project management, Hebert has not encountered any challenges because of his inexperience in the mining industry. “Steve’s experience is a complement to the Dufferin team, which holds senior mining experience at the operator, management and executive levels, as well as in geology and substantial rock mechanic expertise,” President and CEO Alain Hupé says. While Dufferin is expected to last five years, Ressources Appalaches may develop more projects in Nova Scotia, Hebert predicts. “We have five other mineral claim properties in and around Dufferin,” he says. “We’re doing some exploration on those sites as we speak.” More at Energy and Mining International. http://www.emi-magazine.com/index.php/sections/profiles1/892-ressources-appalaches
Ressources Appalaches announces listing in the Frankfurt Stock Exchange
Sep 6, 2013
Ressources Appalaches announces listing in the Frankfurt Stock Exchange Ressources Appalaches (APP - TSXV and OU3 - FWB) has become listed on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the ticker symbol OU3. CM-Equity prepared all the registration and will maintain the relation between the Company and the Europeen Stock Exchange. Alain Hupe President and CEO of Ressources Appalaches said: “As we approach production, this dual listing serves to diversify our shareholder base, giving to Ressources Appalaches investors an increased liquidity of the security, a presence in the Euro zone and longer length of daily trading time for our stock ”.
Gold in Nova Scotia - \"Sweat of the Sun\" makes region glisten
Sep 1, 2013
By: D'Arcy Jenish -------------------------------------------------------------------------------- No metal on earth has the same tantalizing effect on mankind as gold. The ‘sweat of the sun,’ as the ancient Incas called it, has the power to quicken the pulse of the prospector or put a gleam in the eye of the miner. Gold also inspires normally prudent newspaper editors to produce rapturous headlines, like this one from the Halifax Chronicle-Herald of November 29, 2012: "A glittering prize may flow from old veins." Nova Scotia has had three brief gold rushes dating back to the mid-19th century and mines located in the province yielded nearly 1.16 million ounces between 1862 and 1960. There hasn’t been any significant production since the 1940s, but as gold trended toward $2,000 an ounce in recent years, junior mining companies employing new and advanced exploration techniques rushed in to re-examine old deposits. Juniors held 180 exploration licenses in November 2012, according to the Chronicle-Herald report, and the paper went on to note that: "Two proposed mines are well on their way to becoming realities at Moose River and Dufferin, near Sheet Harbour." One year later, Atlantic Gold’s Touquoy project on the Moose River system was tied in litigation over an expropriation dispute but Ressources Appalache of Rimouski, Que. expects to begin producing gold from its Dufferin Mine, located about 150 kilometres east of Halifax, by early in 2014. "We will be the next gold producer in Nova Scotia," says president and chief executive officer Alain Hupe. "We are 100 per cent owners, with no partnerships and no debt."
Ressources Appalaches on Decision Plus
Aug 21, 2013
Ressources Appalaches President Alain Hupe on French Television Decision Plus discussing the prospects of the Dufferin Mine Project in Sheet Harbour Nova Scotia. http://www.decisionplus.com/video/interviews/Videos_Corporative.aspx?id=77
Ressources Appalaches files its Mine Plan with Provincial Regulators
Aug 20, 2013
Ressources Appalaches files its Mine Plan with Provincial Regulators – Ressources Appalaches (APP - TSXV) is pleased to report on the filing of the Dufferin gold mine plan with the provincial regulators and the further progress of the rehabilitation of the underground galleries and the advancement of the refurbishment of the milling installation at its’ 100% owned Dufferin gold mine in Nova Scotia. The mine engineering team has finalised the mine plan and the required geotechnical studies associated with the scheduling of the first veins where we intend to begin mining operations in the coming months. The mine plan along with the underground ventilation, electrical and ground control plans as well as the mining schedule were presented to the provincial regulators for their internal review process.
Ressources Appalaches Progresses with its Dufferin Gold Mine
Jul 24, 2013
Ressources Appalaches Progresses with its Dufferin Gold Mine - Ressources Appalaches is pleased to report on the progress of its’ 100% owned Dufferin gold mine project since the announcement of the loan financing of US $10M secured (see press releases of May 08, 2013). Achievements so far on the path to gold production: Completed soft-starts and testing of all crushing circuit components Underground rehabbing continues to the second level with water, air and dewatering service lines made operational Primary and secondary underground ventilation operational Acquisition and delivery of heavy equipment and material required for site preparation, as well as initiated the acquisition of the long-lead items required to resume gold production Started the vetting of 462 applications for the remaining approximately 60 staffing positions required to resume production in late 2013 Board nomination of Mr. Jose Oro as Director
Ressources Appalaches Complements its Dufferin Gold Mine Technical Expertise and Progresses Underground
Jul 3, 2013
Ressources Appalaches Complements its Dufferin Gold Mine Technical Expertise and Progresses Underground Rimouski, July 3, 2013 – Ressources Appalaches (APP - TSXV) is pleased to announce the appointment of Mr. Andre J. Rancourt, P.Eng., PhD. as the Deputy Mine Manager. Mr. Rancourt brings more than 20 years of geotechnical engineering and rock mechanics experience to the Ressources Appalaches Team. The addition of rock mechanic expertise provides Ressources Appalaches with another highly desirable in-house capability. Having this often outsourced expertise in-house is another testament to the strength of the project, and which further amplifies and elevates the multi-disciplinary Dufferin Management team. The Company is also pleased to report on the advancement of underground works.
Nominations to Ressources Appalaches Board and adds to its Dufferin Gold Mine Management Team
Jun 26, 2013
Nominations to Ressources Appalaches Board and adds to its Dufferin Gold Mine Management Team Rimouski, June 26, 2013 – Ressources Appalaches (APP - TSXV) is pleased to announce the appointment of Mr. Jose Oro, PhD. as a Director of the Company effective 25 June 2013. Mr. Oro brings more than 35 years of global mining practical experience as well as advance technical expertise to the Ressources Appalaches Team. The Company is also pleased to announce that it has expanded its Management Team at the mine to include Mr. Steve Hebert, PMP, as Chief of Administration and Mr. Darrin Campbell, CMA, as Controller. The addition of Mr. Oro to the Board, and of Mr. Hebert and Campbell to the Dufferin Mine Management Team, is a significant milestone as the Company continues to progress on its path to production with the intent of resuming gold production in the coming months at Dufferin Mine.
Ressources Appalaches Completes Rehab of Portal and Prepares to Go Underground
Jun 17, 2013
Ressources Appalaches Completes Rehab of Portal and Prepares to Go Underground Ressources Appalaches (APP - TSXV) on its path to gold production at Dufferin is pleased to announce the rehabilitation of the ramp access and completion of shotcreting the portal entrance. Ressources Appalaches is now proceeding underground with rehabbing and continued dewatering activities. The rehabbed portal entrance has been christened as “Meguma Way” in recognition of the geological formation associated with Ressources Appalaches six surrounding claims; and which has also been associated with rich minerals deposits and gold mining operations in Nova Scotia during past generations. The access to the underground galleries will enable Ressources Appalaches to operate at a low all-in cost per ounce based on the fact that there is no significant capital expenditure required to restart gold production and that the access to the mineralised zone
Ressources Appalaches Launches Final Recruitment and Procurement Process
Jun 4, 2013
Ressources Appalaches Launches Final Recruitment and Procurement Process Rimouski, June 04, 2013 – Ressources Appalaches (APP-TSX.V) announces the launching of the final recruitment and procurement phase in order to resume gold production at its Dufferin Mine in late 2013.
Dufferin Mine Dewatering Progresses to Expose Portal
May 28, 2013
Dufferin Mine Dewatering Progresses to Expose Portal Ressources Appalaches (APP - TSXV) report that it has started its second week of dewatering operations and more importantly has filed for production permit approval to restart gold mining activities within the coming months. Last week’s filing of the production permit application (officially referred to as an Industrial Approval application) is the only remaining pending permit requirement in order to resume gold production at Dufferin Mine. Concurrently, rehabilitation of underground galleries and the launching of the final stage of the mill refurbishment works have begun. Pictures relating the progress of dewatering operations and rehabilitation activities can be found on the Company’s website at: http://www.ressourcesappalaches.com/project.php?page=14.
Ressources Appalaches Proceeds on the Path to Gold Production
May 14, 2013
Ressources Appalaches Proceeds on the Path to Gold Production Ressources Appalaches (APP - TSXV) reports that it is proceeding on the path to gold production with the loan financing of US $10 M secured. Mobilisation activities for the dewatering of the underground galleries have commenced with the intent of starting dewatering in the coming week followed by underground mapping of existing galleries and underground systematic sampling. The second financing tranche of US $7.5 M (see press releases of May 08, 2013) will be advanced upon certain specific conditions being satisfied, namely an updated technical report of the Dufferin Mine including the detailed mine plan and obtaining the remaining production approval with respect thereto within the next 9 months.
Funding secured for Sheet Harbour mine
May 9, 2013
A Quebec exploration company has secured the money it needs to restart operations at a historic Eastern Shore gold mine. Great Article from the Halifax Chronicle Herald - http://thechronicleherald.ca/business/1128395-funding-secured-for-sheet-harbour-mine Quebec exploration firm’s $10-million loan deal to spark production at gold property .A Quebec exploration company has secured the money it needs to restart operations at a historic Eastern Shore gold mine. Ressources Appalaches said Wednesday that it has completed a $10-million loan agreement from New York financing firm Lascaux Resource Capital Partners, LLC. The money will be used to complete mine refurbishment and start production at the Dufferin gold mine near Sheet Harbour.
US $10 M Loan Financing Secured for Gold Production at Dufferin Mine
May 8, 2013
US $10 M Loan Financing Secured for Gold Production at Dufferin - Ressources Appalaches (APP-TSX.V) is pleased to announce the Closing of its previously announced loan financing of US $10 M provided by New York based Lascaux Resource Capital Partners, LLC. A first tranche (“Tranche A”) of US $2.5 M, less fees and expenses, was advanced to the Company at Closing and the second tranche (“Tranche B”) of US $7.5 M will be advanced upon certain specific conditions being satisfied, namely an updated technical report of the Dufferin Mine including the detailed mine plan and obtaining the remaining production approval with respect thereto within the next 9 months.
Acquisition at 100% of East Dufferin and Interim Financing
Mar 20, 2013
Ressources Appalaches Completes Payment to Acquire 100% of the East Dufferin Property Located Adjacent to Dufferin Mine. Concurrently Ressources Appalaches is also Finalizing Review of $10Million Loan Financing as well as some Interim Financing to Advance it Dufferin Mine Project to Production.
Ressources Appalaches Receives the Draft Loan Agreement of US $10 Million to Advance Its Dufferin Mine Project to Production
Mar 4, 2013
Ressources Appalaches received the draft loan agreement for the funding of the US $10 million two tranches gold prepayment agreement. The loan will be secured by the Company’s assets (press release of November 28, 2012).
A Glittering Prize May Flow From Old Veins - Chronicle Herald
Nov 29, 2012
Article in the Chronicle Herald - A glittering prize may flow from old veins - Great bit by our very own Executive VP, JC Morel. Here is the link. http://thechronicleherald.ca/novascotia/204362-a-glittering-prize-may-flow-from-old-veins?utm_source=website&utm_medium=mobi&utm_campaign=full-site A glittering prize may flow from old veins November 29, 2012 - 8:47pm By AARON BESWICK Truro Bureau New techniques, new exploration give miners hope for gold revival - Nova Scotia is on the verge of seeing its first significant gold mining activities since the 1940s. Skyrocketing gold prices, now hovering around $1,700 an ounce, and the introduction of new mining techniques have made long-abandoned deposits look profitable to junior exploration companies. There are about 180 exploration licences for gold held in Nova Scotia, and two proposed mines are well on their way to becoming realities at Moose River and Dufferin, near Sheet Harbour.
Financing Offer of US $10 Million to Advance its Dufferin Mine Project to Production
Nov 28, 2012
Financing Offer of US $10 Million to Advance its Dufferin Mine Project to Production Rimouski, November 28, 2012 – Ressources Appalaches (APP - TSX.V) is pleased to announce that it has signed a term sheet for a US $10 million gold prepayment agreement with a New York based financing firm. The Loan would bear interest at a rate of 8% per annum and would be repaid by the delivery of 9,000 ounces of gold over a twenty-four month period starting the thirteenth month following the closing date.
Modifications made to stock purchase warrants
Nov 23, 2012
Modifications Made to Stock Purchase Warrants - Rimouski, November 23, 2012 – On November 22, 2012, Ressources Appalaches (APP-TSX-V) filed an application with the TSX Venture Exchange to extend the expiration date of the stock purchase warrants expiring on December 10, 2012. The requested new expiration date is December 10, 2013.
Ressources Appalaches Hires Dewatering and Underground Mining Staff for Dufferin Mine
Oct 26, 2012
Ressources Appalaches Hires Dewatering and Underground Mining Staff for Dufferin Mine Rimouski, October 26, 2012 – Ressources Appalaches (APP - TSX.V) announces the addition, to its Dufferin Mine project, of Mr. Wayne Ellis and of Mr. Jim MacLean respectively as its’ Mine Health and Safety Coordinator and senior Miner for dewatering operations. Both natives of Nova Scotia, Mr. Ellis and Mr. Maclean have acquired more than 60 years of combined progressive mining experience in underground and processing operations in diverse locations throughout Canada. Alain Hupé, President and Chief Executive Officer of Ressources Appalaches states: “The appointments of Mr. Ellis and Mr. MacLean to the Dufferin Mine’s team will enable us to conduct underground dewatering and mining operations with our qualified and experienced staff. We remain committed and on track to resume gold production at Dufferin mine by 2013”.
Ressources Appalaches Receives Dewatering Approval for its Dufferin Mine
Oct 15, 2012
Ressources Appalaches Receives Dewatering Approval for its Dufferin Mine Rimouski, October 15, 2012 – The directors of Ressources Appalaches (APP-TSXV) are pleased to announce that it has received official authorisation from the Nova Scotia Environment to proceed with the dewatering of its Dufferin Mine. Ressources Appalaches has already undertaken the necessary preliminary steps in order to conduct dewatering activities including rehabilitation of the tailings facility, the purchase of underground equipment, as well as the hiring of certified staff qualified to conduct underground dewatering operations. President and CEO, Alain Hupé, also declared: “This latest accomplishment is very significant towards ultimately restarting production with the existing mine plant at our Dufferin mine which is 100% owned and free of all royalties. ” Post Dewatering of the Underground Galleries Ressources Appalaches is planning to conduct sampling and underground mapping once the dewatering and rehabilitation of galleries is completed, as well as continuing with general refurbishment works and underground drilling. Moreover, the Company has initiated the Industrial Approval application process required in order to restart the mill and resume mining production. About Ressources Appalaches Founded in 1994, the goal of Ressources Appalaches has been to discover and develop deposits of base and precious metals in Canada, and more specifically in the Appalachian geological formation of Québec and Nova Scotia. Ressources Appalaches is now mainly focused on the development of the Dufferin gold mine in Nova Scotia. The contents of this press release were prepared and checked by Alain Hupé, Eng. a Qualified Person as defined in NI 43-101. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this release.
The Dufferin gold mine near Port Dufferin on Nova Scotia’s Eastern Shore has been cleared for drainage.
Oct 15, 2012
Great Article in the Halifax Chronicle Herald Business Section. http://thechronicleherald.ca/business/148806-dufferin-gold-mine-ok-d-for-drainage The Dufferin gold mine near Port Dufferin on Nova Scotia’s Eastern Shore has been cleared for drainage. Rimouski-based mine owner Ressources Appalaches Inc. announced Monday that the provincial Environment Department has given it the green light to “dewater” the moribund mine as part of its plan to return it to production. “This latest accomplishment is very significant,” said company president and CEO Alain Hupe in a news release. Ressources Appalaches has completed several preliminary steps in advance of drainage, including rehabilitating the mine’s tailings facility, purchasing underground equipment and hiring qualified personnel. The Quebec company plans to do sampling and underground mapping once the mine has been drained and its galleries have been rehabilitated. It said it will also continue with general refurbishment work and underground drilling. Ressources Appalaches has also initiated the provincial industrial approval process required to resume mining production and to restart its mill. Executive vice-president Jean-Claude Morel said in an interview from Rimouski on Monday that it would take 45 days to complete the industrial approval application, which would take the province about 60 days to process. “It’s a major issue,” he said. The company said recently it would continue with its plans to reopen the mine in late 2012 or early 2013 despite having an $8.5-million loan deal fall through with Renvest Mercantile Bancorp Inc. Morel said those startup projections remain realistic, depending on financing, which is in the works. “We have been solicited by other institutions and groups,” he said, calling those talks “preliminary discussions.” Morel said the company is looking for financing on the order of the failed deal with Renvest. The mine is expected to produce 20,000 to 25,000 ounces of gold in its first year of production and employ about 50 people when fully operational.
Ressources Appalaches Receives Code of Practice Approval for Dewatering Operations of its Dufferin Mine
Sep 27, 2012
Ressources Appalaches Receives Code of Practice Approval for Dewatering Operations of its Dufferin Mine Rimouski, September 27, 2012 – Ressources Appalaches (APP-TSXV) is pleased to announce receipt of the Code of Practice approval from the Nova Scotia Department of Labour and Advanced Education Occupational Health and Safety Division. This latest milestone is a significant step towards starting the underground de-watering operations of Dufferin Mine which is 100% owned and free of all royalties. The final approval required for the issuance of the de-watering permit, which consists of environmental parameters, is at an advance drafting stage and is anticipated shortly.
Ressources Appalaches Retains Renmark Financial Communications Inc.
Sep 21, 2012
Ressources Appalaches Retains Renmark Financial Communications Inc. Rimouski, September 21, 2012 - Ressources Appalaches (APP-TSXV) is pleased to announce that it has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities.
Ressources Appalaches will not be proceeding with the Secured Loan
Sep 11, 2012
Ressources Appalaches will not be proceeding with the Secured Loan - Rimouski, September 11, 2012 - Ressources Appalaches (APP-TSXV) announces that it will not be proceeding with the loan financing as announced June 28, 2012, resulting from the inability of both parties to conclude within the prescribed parameters and the set deadline. Ressources Appalaches is considering alternative financing scenarios with a focus of ensuring a limited additional share dilution.
Closing of Private Placement
Aug 21, 2012
Closing of Private Placement Ressources Appalaches (APP - TSX.V) announces the closing of a private placement with accredited investors, for a total amount of $ 1,303,027 completed mostly through, Axiom Capital Management Inc. of New York.
Ressources Appalaches Signs Term Sheet for US $8.5 Million Loan to Advance its Dufferin
Jun 28, 2012
Ressources Appalaches Signs Term Sheet for US $8.5 Million Loan to Advance its Dufferin Mine Project - Ressources Appalaches (APP - TSX.V) is pleased to announce that it has signed an indicative term sheet for a US $8.5 million multi-tranche secured loan with Renvest Mercantile Bancorp Inc.through its Global Resource Fund.
Ressources Appalaches 43-101 Technical Report on Dufferin Mine Property
Jun 6, 2012
43-101 Technical Report on Dufferin Mine Property - Ressources Appalaches (TSXV-APP) wishes to inform its shareholders that MineTech International Limited, an engineering and geological consulting firm from Halifax, has completed a technical report, compliant with National Instrument NI 43-101 standards, on the Dufferin Mine project in Nova Scotia. The report summarises all works performed on the property since the 2009 Technical Report. Ressources Appalaches has considerably extended the known size of the mineralised zone along strike to 1,400 meters and at depth to 360m. The authors concluded that the Dufferin Property is a property with good potential to become an economic enterprise.
Ressources Appalaches Hires its Mine Manager for Dufferin Mine
May 15, 2012
Ressources Appalaches Hires its Mine Manager for Dufferin Mine - Rimouski, May 15, 2012 Ressources Appalaches (APP - TSX.V) is pleased to announce the addition, to its Dufferin mine project, of Mr. Douglas Keating as Mine Manager in Nova Scotia. Mr. Keating and his team are already diligently at work on site with preparatory works related to de-watering of the underground galleries, as well as the refurbishment of milling equipment and the implementation of safety procedures and protocols. Alain Hupe, President and Chief Executive Officer of Ressources Appalaches states: the appointment of Mr. Keating to the Dufferin Mine's Team complies with our deadlines and objectives to resume gold production by 2013.
Dufferin Mine gravity metallurgical test results of 17.7 g/t Au and 94.1% recovery
Apr 24, 2012
Dufferin Mine gravity metallurgical test results of 17.7 g/t Au and 94.1% recovery - Rimouski, April 24, 2012 - Ressources Appalaches (APP - TSX.V) is pleased to announce follow-up results from its current metallurgical testing at Dufferin Mine, Nova Scotia. Met Solve Laboratories completed the gravity metallurgical test on a 50 kg composite sample. A grade of 17.7 g/t gold calculated from the products of the gravity test was obtained with a recovery of 94.1% and a concentrate of 491 g/t gold. This test demonstrates that most of the gold can be recovered by gravity concentration and also produce Dore bullion by smelting on site.
Ressources Appalaches Receives Preliminary Metallurgical Test Results of 19.1 g/t gold for Dufferin Mine
Mar 26, 2012
Ressources Appalaches Receives Preliminary Metallurgical Test Results of 19.1 g/t gold for Dufferin Mine - Rimouski, March 26, 2012 - Ressources Appalaches (APP- TSXV) is very pleased to announce initial results from its current gravity and flotation metallurgical testing. The composite sample, which is representative of the mineralized zone, has a gold content of 19.1 g/t. The current tests, which are an integral part of the process of reactivating the mine, are designed to confirm earlier studies while applying the latest techniques, representative of the treatment process employed in the current plant at Dufferin Mine in Nova Scotia.
Payment of a Service Provider
Mar 16, 2012
Payment of a service provider - Rimouski, March 16, 2012 - Ressources Appalaches (APP-TSXV) confirms that it has received the TSX Venture Exchange's approval to issue 1,000,000 shares (press release of February 24, 2012) to Axiom Capital Management Inc. and two finders: Harvey Stober and Anthony Fitzgerald. As a result of the Exchange's review, these shares are issued as finder fees as part of the private placement announced on February 13, 2012. No other changes have been made to this private placement.
Ressources Appalaches Undertakes Preliminary Steps towards Production
Mar 1, 2012
Ressources Appalaches Undertakes Preliminary Steps towards Production - Rimouski, March 1, 2012: Ressources Appalaches (APP - TSX.V) is pleased to announce that it has undertaken the preliminary steps towards rehabilitating its Dufferin gold mine facilities with a view of resuming production as soon as possible.
Payment to Service Provider
Feb 24, 2012
Payment to Service Provider - Rimouski, February 24, 2012 : Ressources Appalaches (APP - TSX.V) has agreed to issue 1, 000, 000 common shares to a financial advisor for services provided to the company. The services include Dufferin deposit evaluation and financing study. The share issuance is subject to approval by the TSX Venture Exchange.
Ressources Appalaches Nominates Mr. Jean-Claude Morel as Executive Vice-President
Feb 15, 2012
Ressources Appalaches Nominates Mr. Jean-Claude Morel as Executive Vice-President - Rimouski, February 15, 2012: Ressources Appalaches (APP - TSX.V) is pleased to announce the appointment of Mr. Jean-Claude Morel to the position of Executive Vice-President. His proven professional aptitudes will be paramount as Ressources Appalaches embarks with the development of the Dufferin gold mine project.
Ressources Appalaches Completes Private Placement of $1,265,000
Feb 13, 2012
Ressources Appalaches Completes Private Placement of $1,265,000 - Rimouski, February 13, 2012 - Ressources Appalaches (APP - TSX.V) announces the closing of a private placement with accredited investors, employees, executive officers, directors and consultants for a total amount of $1,265,000 completed mostly through, Axiom Capital Management Inc. of New York.
Ressources Appalaches announces results of Annual and Special Meeting of Shareholders
Dec 6, 2011
Ressources Appalaches (APP-TSXV) is pleased to announce that all resolutions were approved by shareholders of the Company at its November 25, 2011 Annual and Special Meeting of Shareholders. This included the election of directors, appointment of auditors, approval Shareholders Rights Plan, approval By-laws and approval amendment of the Articles of the Company. The terms and conditions of the Shareholders Rights Plan, the By-laws and the amendment of the Articles of the Company are available on the Circular at www.sedar.com.
Appointment of Ginette G. Brisson as Chief Financial Officer
Nov 10, 2011
The Board of directors of Ressources Appalaches (APP-TSXV) has appointed Mrs. Ginette G. Brisson as Chief Financial Officer. Mrs. Brisson is an accountant and member of the Corporation professionnelle des comptables généraux accrédités du Québec and the Certified General Accountants Association of Canada. She worked for more than 20 years with industry, commercial businesses, and government bodies as Audit Principal for Mallette, an accounting firm. Since 2005, she has been serving a number of oil and mineral exploration companies as a public accountant.
Ressources Appalaches appointed Mr. John A. Thomas to the board of directors
Oct 20, 2011
Rimouski, October 20, 2011 – Ressources Appalaches (APP-TSXV) has appointed Mr. John A. Thomas Ph.D. to board of directors. As the president of JAT Metconsult Ltd., Mr Thomas provided consultancy services to a wide range of projects, mostly in the processing of gold ores. He is also director of Alexandria Minerals, Canada Zinc Metals, Cassius Ventures and Infinito Gold. Dr. Thomas has 38 years experiences in the mining industry, in both base and precious metals and has worked in Brazil, Venezuela, Costa Rica, Kazakhstan, Russia, Canada and Zambia. His experience covers a wide range of activities in the mining industry, from process development, management of feasibility studies, engineering and management of construction and operation of mines. He is a graduate of the University of Manchester Institute of Science and Technology where he received a B.Sc. (Hon) in Chemical Engineering, as well as a M.Sc. and Ph.D. He also received a Diploma in Accounting and Finance from the U.K. Association of Certified Accountants. He is a registered professional engineer in the province of British Columbia. Alain Hupé, the president and chief executive officer of Appalaches, stated: "We are very fortunate to have been able to attract John to our team. His extensive experience, particularly in gold mine development, will be invaluable as we progress through development of the Dufferin Mine".
Ressources Appalaches became the sole owner of the Dufferin Mine
Oct 12, 2011
Ressources Appalaches (APP-TSXV) is pleased to inform its shareholders that it has made the final $1,500,000 payment on its own behalf, thereby acquiring 100% of the Dufferin Mine in Nova Scotia for a total amount of $4,000,000. The property is free of any royalty (NSR). The transaction comprises the acquisition of the Dufferin Mine, which employs ramp-access mining, together with its processing plant (mill), the mining lease, and the infrastructure required for production.
Ressources Appalaches completes private placement of $600,000
Aug 30, 2011
Ressources Appalaches (APP-TSXV) (“Appalaches”) has completed a private placement of $600,000 with accredited investors and employees, executive officers, directors and consultants. Pursuant to this placement, Appalaches has issued 10 000 000 common shares at a price of $0.06 per share and 10 000 000 common share purchase warrants. Each warrant entitles the holder to subscribe for one common share at a price of $0.10 per share, up to August 30, 2013.
Acquisition and exploration update on Dufferin Mine project area, Nova Scotia
Jul 21, 2011
Ressources Appalaches (APP:TSXV) and StrikePoint Gold (SKP:TSXV) (STKXF:OTCQX), joint venture partners in the Nova Scotia Dufferin Mine area project announce the acquisition of additional exploration land to capture prospective extensions of gold-bearing anticlinal axes, describe the publication of a geological research paper that supports Appalaches and StrikePoint’s position that the Dufferin mineralization and its potential on-strike extensions represent large and important gold exploration targets and summarizes the objectives of the summer 2011 exploration program.
Resignation of a Director
Apr 21, 2011
Resignation of a Director -- Rimouski, April 21, 2011 – Ressources Appalaches (APP-TSXV) announces the resignation of Mr. Michel Grenier as the Director of the Company effective April 15, 2011, as the conditions of eligibility required by the TSX Venture Exchange were not satisfied. The Company will proceed with the nomination of a new Director in the near future.
Drill Results extend Dufferin mineralization, 38.52 g/t gold over 1.9 m
Mar 1, 2011
Ressources Appalaches (APP-TSXV) and StrikePoint Gold (SKPTSXV and STK-OTCBB) are pleased to announce the results of six additional drill holes from the 2010 drill program at the Dufferin Mine Project in Nova Scotia among which are drill hole F10-27 containing 38.52 g/t Au over 1.9 m including 146 g/t Au over 0.5 m and drill hole F10-29 with 8.19 g/t Au over 5.6 m including 42.2 g/t Au over 0.3 m and 110.5 g/t Au over 0.3 m (see table below).
14 mineralized saddle reef veins in drill hole to 358m depth at Dufferin Mine
Jan 27, 2011
Ressources Appalaches (APP-TSXV) and StrikePoint Gold Inc.(SKP – TSXV and STK – OTCBB) are pleased to announce the results of ten of 16 drill holes from the most recent drill program at the Dufferin Mine Project in Nova Scotia (see following table, also see cross and long section images below or on StrikePoint and Ressources Appalaches websites). Notably, drill hole F10-26, dipping at 83° to a depth of 366m intersected 14 mineralized saddle reef veins including 7.33 g/t Au over 4.1m at 216m, 9.46 g/t Au over 1.2m at 255m and 3.57 g/t Au over 0.6m at 358m, confirming the existence and continuity of the Saddle Reef mineralization at depth. Analytical results from the remaining six holes are pending.