Consolidated Nevada Goldfields announces its first gold pour at Nixon Fork Mine.DENVER--(BUSINESS WIRE)--Nov. 6, 1995--Consolidated Nevada Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Corp. completed its first gold pour from production at its Nixon Fork mine located approximately 30 miles from McGrath, Alaska McGrath is a city in Yukon-Koyukuk Census Area, Alaska, United States. As of 2004, the population of the city is 412. Geography McGrath is located at (62.952040, -155.577165)GR1. . The company recovered 144 ounces of gold from the mill's gravity circuit. The gold has been shipped to a refinery for sale. The company started commissioning of the 150-ton-per-day mine and mill on schedule Oct. 1, processing lower-grade material in order to test the system. In addition, 10 tons of flotation concentrate have been bagged and will be shipped for smelting. The first shipment of concentrate is scheduled for the second week of November to the Dowa smelter in Japan. The mill is now running full-time and is operating at approximately 120 tons per day or 80% of design capacity. This rate is expected to increase to full capacity over the next two weeks as the system completes its run-in period. The commissioning is proceeding on schedule and the company has begun to introduce higher-grade ore of approximately 1.75 ounces of gold per ton into the system. The plant has shown steadily increasing recoveries since commissioning began with overall recoveries of approximately 80% during the month. The mine is projected to produce 58,000 ounces of gold and 500,000 pounds of copper during fiscal 1996 with a projected cash operating cost of $135 per ounce of gold. The mine will be operated on a year-round basis with 55 total employees. Consolidated Nevada Goldfields Corp. is a gold mining and exploration company, which operates the Aurora Mine in Nevada, the Nixon Fork mine in Alaska and is reclaiming its Barite barite (bâr`īt), barytes (bərī`tēz) [New Lat., from barium], or heavy spar, a white, yellow, blue, red, or colorless mineral. Hill mine in South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . The company's common shares trade on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol KNV KNV Koninklijk Nederlands Vervoer (Dutch) , on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol KNVCF, and on The Stuttgart Exchange in Germany under the symbol CNV-SG. CONTACT: Consolidated Nevada Goldfields Corp., Denver Geoffrey Hoyl, 303/296-3200 |
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