Ressources Appalaches Proceeds on the Path to Gold Production
May 14, 2013
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
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.
Acquisition and Development at the Dufferin Mine
Aug 23, 2012
Acquisition and Development at the Dufferin Mine - Ressources Appalaches (APP-TSXV) is pleased to announce the signature of an agreement to acquire the Dufferin East property, adjacent to the Dufferin Mine in Nova Scotia with Acadian Mining Corporation.
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.