QMX and Armistice gets regulatory nod for custom milling agreement

Toronto-listed junior QMX Gold has received regulatory approval from the Quebec government to proceed with custom milling ore from the McGarry mine, which is owned by fellow TSX-listed miner Armistice Resources.

QMX and Armistice were now making final preparations for QMX's Aurbel mill to receive ore transported by Armistice in the next few weeks.

Under the terms of the agreement, QMX would be responsible for the handling, milling and refining of ore and tailings disposal from ore delivered by Armistice. The term of the agreement is for a minimum of one year and a minimum of 30 000 t of ore.

Armistice had an initial 10 000 t of development ore ready in stockpile to be shipped. Subsequent deliveries would be made in amounts of about 5 000 t/m.

"Now that regulatory approval has been received, we have begun preparations to receive the initial shipment of ore from Armistice, expected by mid-July. We look forward to working with Armistice under this mutually beneficial agreement that provides the necessary ore processing for Armistice and incremental cash flow for QMX Gold,” QMX president and CEO Francois Perron said.

The Ralated Article:  Impact of Quebec construction workers’ strike expected to be negligible - Stornoway

Stornoway Diamond Corp, which is developing Quebec’s first diamond mine, on Tuesday said strike action taken last week by the Alliance of Unionised Construction Workers of Quebec had been settled, with only a “negligible impact” on construction of the critical road linking the company’s flagship Renard project.

Stornoway said construction of the Renard mine road was progressing on schedule and within budget.

The road was one of the critical components needed to construct and operate the $752-million Renard project, entailing construction of a single-lane mining road over the remaining 97 km section that was not covered by the Ministry of Transport Quebec.

The company earlier this month said good progress on the construction of the all-weather road was made through April and May, and overall completion currently stood at 22% with 7 of the required 16 permanent bridges already in place. The first all-season vehicle access to Renard was scheduled for October, well within schedule.

www.centrifugalslurrypump.com is a leading company mainly devoting on offering the solutions of slurry pump application. We offered the professional slurry pump,gravel pump, vertical slurry pump and solutions and service all over the world!