APP

Ressources Appalaches (TSX VENTURE:APP)(FRANKFURT:OU3), would like to recount
the work done and significant progress achieved during 2013 and update on the
strategic goals for 2014 developing the Dufferin Gold Mine in Nova Scotia. 


In 2014 the Company will start gold production to reach its installed capacity
of 300 tons per day. The Company has well defined strategies to reach these
goals:




--  The path to production will continue in January with new hiring of
    operators, miners, electricians, mechanics and security staff to
    complete the planned number of 70 employees. 
--  The company will continue refining the engineering work for mining plan,
    ventilation system and tailings management for the Company's cost
    optimisation and good compliance standing. 
--  The Company is planning to do underground development and to complete
    the installation of new equipment in the mill during the first quarter
    in order to start the ore production by the end of Q1. 
--  Ramping up the production to reach the full practical capacity of the
    mill by the third quarter. 
--  During the period, an important geological program will be made to bring
    a quality mining process to the mine and to increase resources along the
    anticline strike length.



Ressources Appalaches' team successfully completed the goals for the year 2013
as detailed below:




--  The Company completed the acquisition of 100% of the East Dufferin
    property, adjacent to the Dufferin mine. The Company properties now
    covers anticline structure over 8.4 km long, of which 1.4 km has been
    drilled to depths upwards to 400m (see Press Release March 20, 2013). 
--  The Company announced the closing of the first tranche of a U.S. $10
    million loan, receiving the first $2.5 million (U.S.) tranche on May 8. 
--  The Company was successfully listed on the Frankfurt Stock Exchange
    (FWB) under the ticker symbol OU3. 
--  Industrial Approval from the Province of Nova Scotia was received on
    November 27, 2013. This last authorisation will lead Ressources
    Appalaches from a junior exploration company to a mining company on a
    clear path to produce gold. 
--  The Company announced the closing of the second tranche (U.S. $7.5
    million) of its US$10M loan financing on December 2nd, secured for gold
    production at the Dufferin mine. 
--  The Company's recruiting efforts resulted in experienced professionals
    for positions as Financial Controller, Administration Officer, Deputy
    Mine Manager, Senior Mining Engineer, Mill Superintendent, and Operation
    Geologist, as well as Administrative staff and site services. The
    Company also welcomed Mr Jose Oro as a new director.  
--  Rehab of Portal and the technical preparations to start working
    underground (see Press Release Jun 17, 2013) was completed.  
--  A group of contracts were awarded for construction of the crusher
    building, tailings facility upgrade and fuel storage facility. The mill
    was partly refurbished and the remainder of the shaker table, falcon
    concentrator, filter press and induction furnace have all been ordered
    for delivery during QI, 2014. 



Mr. Jean Claude Morel has tendered his resignation as executive Vice President
and COO of Ressources Appalaches due to personal reasons, effective today. The
board of directors sincerely thanks Mr. Morel for his contributions during his
time with the company and wishes him well in all his endeavours. 


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 Quebec 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 Hupe,
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 contents of this press release were prepared and reviewed by Alain Hupe,
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alain Hupe, Eng.
President and CEO
418-724-0901
info@ressourcesappalaches.com

(TSXV:APP)
Historical Stock Chart
From May 2024 to Jun 2024

(TSXV:APP)
Historical Stock Chart
From Jun 2023 to Jun 2024