Press Release | 11/16/2020
WINNIPEG, MB / ACCESSWIRE / November 16, 2020 / Winston Gold Corp. (“Winston Gold” or the “Corporation”) (CSE:WGC) (OTCQB:WGMCF) is pleased to announce that it has completed the installation of a new crushing circuit at the Paradine Mill facility near Radersburg, Montana.
A new primary jaw crusher and conveyor belt to feed the secondary cone crushers have now been installed at the Paradine Mill. The company anticipates that the mill will be ready for initial testing in two to three weeks.
“We expect to initially run the mill at 75-to-85 tons per day and process the lower grade stockpile in order to test and tune the mill,” stated Murray Nye, CEO and Director of Winston Gold. “Once we have successfully tuned the mill and have achieved our targeted gold and silver recovery rates, we intend to ramp-up throughput to 150 tons per day.”
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.
Winston anticipates producing Doré bars on-site from the gravity circuit. These bars will be sent to Idaho for Refining. Initial gold and silver concentrates will be sent to various companies for testing.
Bureau Veritas previously performed gravity and flotation tests on selected drill core from the Parallel, Custer and Block 93 vein systems. The gravity circuit alone was able to recover 5.9% gold and 1.3% silver. Flotation of the gravity tailings recovered 86.7% gold and 85% silver and resulted in a combined gravity plus floatation recovery of 92.6% gold and 86.3% silver. Bureau Veritas stated that they believed that there was still room to improve that recovery rate.
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.
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:
Chief Executive Officer and a Director of Winston Gold
Suite 201-919 Notre Dame Avenue
Winnipeg, Manitoba, R3E 0M8
Telephone: (204) 989-2434
SOURCE: Winston Gold Corp.
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