Posted by Manager on May 19, 2010 under News
NWM Mining Corporation is a Canadian mineral exploration company focused on the development of the Lluvia de Oro / La Jojoba gold mine located in Sonora in North West Mexico. The project covers a total of 5,075 hectares and encompasses the past producing Lluvia de Oro mine, the La Jojoba gold resource, and numerous historic workings.
NWM recently announced the first phase of a 25,000 metre diamond drill program in 2010. The company will also test numerous, previously defined drill targets which have the potential to expand Lluvia de Oro and La Jojoba into a district level gold project.
In summary, NWM is well positioned to significantly develop the gold resources at depth and along strike in addition to upgrading the ore categories at both Lluvia de Oro and La Jojoba.
NWM also holds title to the Sierra Pinta underground gold mine in northwest Sonora and the PII Colorado Gold – Copper property located 6 kilometres southwest of the historic Llano Colorado gold camp in central Sonora. PII Colorado is a property of merit and is currently held in inventory. Future plans include additional geological work followed by diamond drilling at various targets.
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Posted by Manager on August 31, 2010 under News
Gerald Harper Ph.D., P.Eng., P.Geo joins NWM Board of Directors
TORONTO, ON. – NWM Mining Corporation (TSX-V: NWM) (the “Company” or “NWM”) is pleased to announce the appointment of Mr. Gerald Harper, Ph.D., P.Eng., P.Geo. to the Company’s board of directors. Mr. Harper holds a B.Sc. and a B.Sc. (Hons) as well as a Ph.D. in geology from the University of London in England and is a past President of the Prospectors and Developers Association of Canada as well as a past chair of the PDAC Environment Committee. Mr. Harper has served on several boards of directors including those of Urania Ltd., Mustang Minerals Ltd., US Precious Metals Ltd., Khan Resources Inc. and Geddes Resources Ltd. Mr. Harper has had a career as a professional geologist spanning almost forty years and has held exploration management positions with South Africa C.S.I.R., Anglo American Corporation, Falconbridge Ltd. and Northgate Exploration Ltd.
“Mr. Harper brings a wealth of international experience in all aspects of the exploration, development, financing and mining of mineral deposits,” says Chris Berlet, CEO of NWM Mining. “He will be a valuable addition to NWM’s board as NWM continues exploration on, and brings into production, the two deposits at its Lluvia-Jojoba gold mines project in the state of Sonora, Mexico.”
Mr. Harper is president of Gamah International Limited, a consulting company he established in 1992 which provides a wide range of services related to the mining industry to junior and senior mining companies, financial and investment dealers and governments on five continents.
In conjunction with this election the board granted options on 500,000 shares of NWM to Mr. Harper under its approved stock option plan. These options may be exercised over a period of three years at a price of $.10 per share. Under the stock option plan, a maximum of 10% of the issued shares of the Company at any time may be reserved for issuance at the time of the stock option grant.
For further information, please contact NWM Mining Corporation at (416) 364-6799.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Click here to subscribe to NWM’s periodic news updates.
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Posted by Manager on August 26, 2010 under News
We have been very busy preparing your Mexico gold mine for production. Personnel working at Lluvia de Oro have been diligently working since the beginning of July with new construction in the area of leach pad SW-1 and SW-2, getting our laboratory back into production, and preparing the old leach pad for new ore.
Preparation of the land surface for the new SW-1 and SW-2 leach pad is well underway. The process includes a complex interaction of several groups with specific tasks, such as design work, excavation and stockpile of overburden, in-fill of low areas with suitable fill, storm water diversion design, materials testing and density determinations, construction management, QA/QC, and adherence to environmental concerns and permit requirements. Other specialized construction activities will begin when the pad area is prepared, and different mix of professional groups will become involved in completion of the leach pads.
A current view of the construction work taking place on the SW-1 and SW-2 pad areas
Construction managers meetings are held weekly to coordinate the various activities taking place at Lluvia. Knight-Piesold Consulting Engineers from Tucson, Arizona prepares the design criteria and engineering parameters for the construction team, and Geo-Quality Mexico, SA de CV implements the design criteria and sequences the work in conjunction with MCM mine management.
A managers’ meeting at the Lluvia mine office preparing the weekly work plan
In conjunction with our mining activities, Minera Columbia de Mexico, SA de CV, the Mexico subsidiary of NWM Mining Corporation, has a crew working on recovery and re-planting of cactus from the area of our new construction activity.
Environmental technicians working on routine Cactus rescue at Lluvia de Oro. The cacti are transplanted to “Cactus Gardens” for future reclamation of the mine site.
Some people doubted we could do it, but our first and second drill-load-blast operation took place last week and our third will occur about the time you read this today. With this work, we are constructing new haul ramps in the southwest part of the Creston Pit so we can commence mining of new ore there. The northeast end of the Creston Pit is being prepared today for our stage-two ore excavation plan. On the NWM web site www.nwmcorp.ca , we have posted a short video of the first blast of rock in the Creston Pit. The blast involved 129 bore holes, resulting in good fragmentation and minimal fly-rock.
The detonation moment for Lluvia de Oro blast #1 on August 16, 2010
On the exploration side, the exploration crew continues to drill in the region of the Southeast Lobe. This work is dedicated to defining new mineralization for our mining group and exploring areas that have not been previously identified. We will conclude the wide-spaced core drilling in this area in September, with follow-up by additional reverse-circulation drilling. More news on these events will be released soon.
Prepared by Rodney A. Blakestad, C.P.G., Qualified Person
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Posted by Manager on August 20, 2010 under News
NWM Begins Mining at Lluvia de Oro & Draws on Standby Facility
TORONTO, ON. – NWM Mining Corporation (“NWM” or the “Company”) (TSX-V: NWM) announces that it has made a second drawdown of US $2,000,000 under the Standby Facility for US $6,000,000 (the “Facility”) with Renvest Mercantile Bancorp through its Global Resource Fund (“Global”) that was announced in NWM’s press release of June 17, 2010. Uses of proceeds from the Standby Facility include funding for gold production at the Lluvia-Jojoba mine project and general working capital.
NWM’s subsidiary Minera Columbia de México S.A. de C.V. recently executed an agreement for contract mining services at its Lluvia-Jojoba project with established contractor Terracerias y Triturados de Cananea, S.A. de C.V. of Cananea in the State of Sonora, Mexico. The contract is for a period of two years and payments to the contractor are directly related to volumes of rock produced and transported. This week, the first two rounds of blasting have taken place at the Lluvia de Oro gold mine and material handling has commenced.
In connection with this second drawdown from the Facility, the Company has issued to Global 666,668 common shares that are subject to a four month hold period ending December 21, 2010.
For further information, please contact NWM Mining Corporation at (416) 364-6799.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Click here to subscribe to NWM’s periodic news updates.
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Posted by Manager on August 17, 2010 under News, Video
Raw footage of the first blast at NWM’s Lluvia de Oro gold mine.
