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9 Mar 2012 10:28 AM ET Real-time quote TSX Venture

 

Ressources Appalaches Undertakes Preliminary Steps towards Production

Last Update: 3/1/2012 11:00:36 AM
 

RIMOUSKI, QUEBEC, Mar 01, 2012 (MARKETWIRE via COMTEX) -- Ressources Appalaches (APP) is pleased to announce that it has undertaken the preliminary steps towards rehabilitating its Dufferin gold mine facilities with a view of resuming production as soon as possible.

Ressources Appalaches has embarked with the development towards production of the Dufferin gold mine with of the following activities:

--  Repair and rehabilitation of buildings and general infrastructures has    commenced with a detail electrical inspection by Russell Electrical of    Nova Scotia.--  Gravity and flotation metallurgical test which is being undertaken by    Met-Solve Laboratories Inc. of British Colombia.--  Contracted the services of MineTech International of Nova Scotia for a    43-101 compliant compilation report. This report will also include the    8,630 metres of additional drilling completed since 2009.--  Initiation of the call-for-tender process for the de-watering activities    of the mine and reconditioning of the existing milling installations.

Alain Hupe, President and Chief Executive Officer of Ressources Appalaches states: "these steps are in line with Appalaches Ressources' commitment to become a gold producer by 2013".

In accordance with its compensation policy and stock option plan, on March 1, 2012, the board of directors of Ressources Appalaches granted 1,200,000 stock options with an exercise price of
.10, expiring on March 1, 2017 to its' directors, employees and service providers.

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, and more especially in Quebec and Nova Scotia. Appalaches' primary focus is with 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: www.ressourcesappalaches.com .

The contents of this press release were prepared and checked by Alain Hupe, Ing., a Qualified Person as defined in NI 43-101.

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.

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.

Contacts:Ressources Appalaches Inc.Alain Hupe [email protected]

SOURCE: Ressources Appalaches Inc.

mailto:[email protected]

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