Ressources Appalaches Inc.

Ressources Appalaches Inc.

November 27, 2013 12:06 ET

Ressources Appalaches Fully Permitted for Gold Production

RIMOUSKI, QUEBEC--(Marketwired - Nov. 27, 2013) - Ressources Appalaches (TSX VENTURE:APP)(FRANKFURT:OU3) is very pleased to report that it is fully permitted to proceed with gold production at its 100% owned Dufferin Mine project in Nova Scotia. Today the Company received the final permit, the Industrial Approval, from the provincial authorities.

Alain Hupe President and CEO of Ressources Appalaches reports: "The issuance of the Industrial Approval has an enormous importance, allowing Ressources Appalaches to go from an Exploration Company to be a Gold Producer Company in a short period of time"

The receipt of the Industrial Approval along with the technical due diligence completes the most substantial conditions precedent for the funding of US$7.5 million under Ressources Appalaches' current gold prepay facility. The lender's technical team reported last month that it was satisfied with Ressources Appalaches' Dufferin Mine gold mine plan documents (mine report, mine plan, surface and underground electrical installation plan, ground control procedures and ventilation plan) economic model, operating cost estimates, and capital cost estimates (see press release of October 30, 2013).

Funding Conditions Precedent are nearing Completion

The Company is working to complete all legal conditions precedent required to be satisfied in order to release the remaining US$7.5 million to Ressources Appalaches. The US$7.5 million advance is expected to provide the required funds to complete the refurbishment and re-launch gold production at the Dufferin Mine (see press release of May 8, 2013).

The signing of the loan documents and advance of funds is expected to occur shortly. Start of commissioning is projected 4 months after the receipt of funds, with another 4 months required for initial mining and milling ramp-up of operations to steady state production.

Final Recruitment Process

Over the course of the past few weeks the Company has commenced the final selection and hiring process for the remaining approximately 54 positions to be filled in order to resume gold production at its Dufferin Mine. To date, the Company has received more than 950 applications for the following positions:

- Mine Technicians/Junior Mining Engineers - Mill Superintendent
- Underground Boss - Millwrights / Trades Mechanics
- Senior Assayer - Process Boss & Process Operators
- Underground Miners - Assay Lab Staff
- Electricians - Underground Mechanic
- Site Services Technicians - Security Personnel
- Administrative Assistants - Finance Clerks

The sizeable number of applicants will enable the Company to continue its very competitive selection process. This progression will increase the opportunities of hiring the most qualified applicants to join the Dufferin Mine team


The company will host a conference call and webcast on Friday, November 29, 2013 at 11:00 a.m. Eastern time to discuss the details concerning the Industrial Approval permitting, the second tranche of the Loan and provide a development update.

Webcast and call-in details are as follows:

Live event link, register now:

The audio feed call-in details for people who cannot attend the online webcast is as follows:

Canada, +1 (647) 497-9409 Code: 746-338-121
United States, +1 (516) 453-0014 Code: 746-338-121
Germany, +49 (0) 811 8899 6999 Code: 746-338-121
United Kingdom, +44 20 7151 1848 Code: 746-338-121

A replay of the webcast will be available at from November 29, 2013 until December 15, 2013.

Tracking our Progress

The Company's website is being updated actively with all of our news and project updates. Bookmark us!

Twitter account setup @ResAppalaches and being used to update any and all subscribers. Subscribe now to get your 140 character updates as we progress.

About Ressources Appalaches

Since it was created in 1994, the goal of Ressources Appalaches has been to discover and develop deposits of base and precious metals in Canada with an expertise targeted towards the Appalachian geological formation in Québec and Nova Scotia. The Company is mainly focused on the exploration and development of the Dufferin Gold Mine in Nova Scotia.

Photos of the Dufferin Mine and its facilities are available on the Company's website at:

The contents of this press release were prepared and reviewed by Alain Hupé, Eng. A Qualified Person as defined in NI 43-101. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this release.

This press release may contain certain forward-looking statements that include elements of risk and uncertainty. Consequently, actual results may differ substantially from those anticipated in such statements. These risks and uncertainties are described in the quarterly and annual reports, and in the documents submitted to the securities administration.

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