Canada markets open in 6 hours 55 minutes
  • S&P/TSX

    20,164.96
    -23.47 (-0.12%)
     
  • S&P 500

    4,422.30
    +10.51 (+0.24%)
     
  • DOW

    35,144.31
    +82.76 (+0.24%)
     
  • CAD/USD

    0.7962
    -0.0010 (-0.13%)
     
  • CRUDE OIL

    72.09
    +0.18 (+0.25%)
     
  • BTC-CAD

    46,798.02
    -2,592.45 (-5.25%)
     
  • CMC Crypto 200

    882.17
    -33.32 (-3.64%)
     
  • GOLD FUTURES

    1,795.30
    -3.90 (-0.22%)
     
  • RUSSELL 2000

    2,216.92
    +7.27 (+0.33%)
     
  • 10-Yr Bond

    1.2760
    0.0000 (0.00%)
     
  • NASDAQ futures

    15,096.75
    -21.00 (-0.14%)
     
  • VOLATILITY

    17.58
    +0.38 (+2.21%)
     
  • FTSE

    7,025.43
    -2.15 (-0.03%)
     
  • NIKKEI 225

    27,970.22
    +136.93 (+0.49%)
     
  • CAD/EUR

    0.6746
    -0.0004 (-0.06%)
     

Upgrades to Paradine Mill Facility Nearing Completion

·5 min read

WINNIPEG, MB / ACCESSWIRE / June 4, 2021 / Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC) (OTCQB:WGMCF) is pleased to announce that the necessary upgrades to the Paradine Mill Facility, near Radersburg, Montana, are nearing completion, despite staffing, material acquisition and delivery challenges.

Winston Gold continues to move forward with the goal of transforming the Paradine mill into reliable and efficient operation and repairs are expected to be completed by June 21, 2021.

"Naturally, with any re-commissioning activity, unforeseen challenges inevitably arise," commented Mr. Murray Nye, CEO and Director of Winston Gold Corp. "I must commend our staff at the Paradine Mill facility for their perseverance and dedication during this period. The overall advantages of renovating an old mill still significantly outweigh building and permitting a new one."

Work at the mill is now focused on installing critical new parts (delayed due to shipping issues), in addition to re-configuring and optimizing the floatation circuits. The following points summarize the progress achieved to date:

  • Flotation room and circuit re-configured

  • Tailings line and pump re-routed

  • Pinion bearing on ball mill replaced and being installed

  • Pressure switch for Knelson concentrator received and installed

  • Ball mill lube pump installed

  • Improved illumination installed

  • Weir bars and sand gates on scavenger cells installed

The Paradine mill facility is being developed into a turn-key mineral processing plant," stated Mr. Joseph Carrabba, Executive Chairman of Winston Gold. "The mill lies in the heart of a region blessed with precious metal endowment, and the future value opportunities are significant."

Towards that end, Winston Gold recently formed a joint venture with Bond Resources (CSE:BJB) to test the near-term cash-flow viability of another past producer, the Hard Cash Mine. (Refer to news release dated May 13th 2021). The Hard Cash property is located just 4.3 miles from the Paradine Mill and an initial drill program should commence shortly.

About the Paradine Mill Facility

The Paradine mill located just 35 miles (56 km) by paved road from the Company's wholly owned Winston Gold project which is situated near Helena, Montana. The Mill has a nameplate capacity of 150 tons per day and hosts a ball milling circuit as well as both a gravity and flotation circuit. A new lined settling pond has been constructed for tailings disposal with a 35,000-ton capacity and two additional ponds are also being built.

Qualified Person

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Dr. Criss Capps PhD. P.Geol., an independent consultant to Winston Gold Corp. Dr. Capps is a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Winston Gold

Winston Gold is a junior mining company focused on advancing high-grade, low-cost mining opportunities into production. Towards that end, the Corporation has acquired the under-explored and under-exploited Winston Gold project near Helena, Montana.

The CSE has neither approved nor disapproved the information contained herein. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Winston Gold Mining Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

For more information, please visit www.winstongoldmining.com; or contact:

Murray Nye,
Chief Executive Officer and a Director of Winston Gold
Suite 201-919 Notre Dame Avenue
Winnipeg, Manitoba, R3E 0M8
Telephone: (204) 989-2434
E-mail: murray@winstongold.com

SOURCE: Winston Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/650436/Upgrades-to-Paradine-Mill-Facility-Nearing-Completion

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting