Para Resources Announces the Start Up of the Gold Road Mill
Para Resources Announces the Start Up of the Gold Road
Mill
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2019) - Para Resources Inc. (the "Company" or "Para") (TSXV:
PBR) (WKN: A14YF1) (OTC Pink: PRSRF) is pleased to announce the successful re-start of the Gold Road mill and CIL plant.
Low-grade inventory is being used for the initial feed in order to properly balance the system. Higher grade production from
current mining faces will be fed to the plant once steady state conditions are achieved, expected within several weeks. The full
circuit, including crushing, grinding and leaching has been fully tested.
Ian Harris, President of Para Resources stated, "The initial start-up was delayed by a week due to unusually cold weather and
snow in Oatman, Arizona last week. With the startup of the Gold Road plant this week, we have now reached another key
milestone.
We continue to add additional mining faces, and we look forward to our first test pour of doré during the week of
March 4th."
ABOUT PARA RESOURCES:
Para Resources Inc. ("Para") is a junior gold mining and exploration company. The Company owns two projects that couple
areas of highly prospective exploration potential with an existing mining and milling operation that can generate cash flow to
support an exploration program. Purchasing existing and fully permitted mines and facilities dramatically reduces the exploration
risk as the small mining operations are profitable and provide excellent returns as a stand-alone entity. This is a unique
approach to developing "world class" assets. In addition, Para is unique in that the Insiders have invested more than $20 million
of their own capital and own approximately 70% of the equity.
Para's management team is seasoned and proven, having discovered, built, managed and sold several different mines over the
last 40 years. The Company has two major projects: The Gold Road Mine in Arizona, USA and the El Limon Mine in Zaragoza,
Colombia.
On behalf of the Board of Directors
"C. Geoffrey Hampson"
C. Geoffrey Hampson, Chairman, Chief Executive Officer and Director
For further information, please contact Andrea Laird, telephone: +1-604-259-0302
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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https://www.newsfilecorp.com/release/43134