Castle Mountain Mining Company Limited: is pleased to announce, further to its press release dated July 7, 2014, that it has selected M3 Engineering and Technology Corp. (M3) to be the lead consultant on the feasibility study for its Castle Mountain Mine. M3 has provided services for over 9500 projects for some 1000 clients in its 28-year history, including 500 major mine facility studies.
"The selection of a company of the caliber of M3 shows our commitment to delivering a feasibility study of the highest quality, we have no doubt that it will be delivered on time and maximize the value of the project for our shareholders. Further to this, the appointment of Warren Woods to the position of Vice President Operations and Chief Operating Officer adds to the expertise and experience on the Castle Mountain team and to the advancement of the Castle Mountain project," said Gordon McCreary, President & CEO. "Warren's experience in operations, specifically the development and operations of heap leach mines is a tremendous addition to the Company and will ensure that we have a sound, well-designed and practical project as we advance our studies and move into the construction phase. Our ability to attract such a high caliber individual shows the strength of the project and the quality of the existing management team."
Mr. Woods joined Castle Mountain in early 2014 as a consultant fulfilling the role of General Manger of Operations and he now logically transitions to VP Operations & COO. Prior to Castle Mountain Warren was at Allied Nevada Gold Corp. where he had joined as Vice President and General Manager of the Hycroft Mine in 2008. He was responsible for bringing the Hycroft Mine out of care and maintenance and into operating mode. Starting out with an annual budget of under $40mm in 2009 and 168 employees he took the operation to 415 employees by 2013. Mine production increased from 40,000 tons per day to 230,000 tons per day in that same period. Warren oversaw the upgrading of all systems and facilities including the expansion of the leach pad by 12 million square feet.
Prior to joining Allied Nevada Mr. Woods spent a number of years with NovaGold as both General Manager of Nome Operations and Mine Manager at the Rock Creek Mine in Nome, Alaska. During his tenure with NovaGold he led the startup of the 100,000 ounce per year Rock Creek operation from site. Before NovaGold, Warren spent 8 years from 1994 to 2002 working for the Fairbanks Gold Mining Corp (now Kinross Gold Corporation) at the Fort Knox Mine in Fairbanks Alaska as Mine Superintendent. Warren played a key role in successfully bringing this northern open pit gold mine into operation.
Mr. Woods began his mining career in 1979 working in the ranks at Round Mountain in Nevada for Round Mountain Mining Corporation (now operated by Kinross), where he ultimately reached the position of Mine Manager before moving on to Fort Knox in Alaska in 1994.
About Castle Mountain Mining Company
Subject to certain obligations, Castle Mountain Mining has 100% of the right, title and beneficial interest in and to the Castle Mountain Venture, a California general partnership, which owns the Castle Mountain property in San Bernardino County, California. The Castle Mountain heap leach gold mine produced over one million ounces of gold from 1992 to 2001, when mining was suspended due to low gold prices.
The Castle Mountain Venture land holdings (7,458 acres total) include patented claims (1,298 acres), and unpatented claims (6,160 acres). On December 11, 2013, the Company filed the Technical Report for its maiden NI 43-101 mineral resource estimate and on June 5 2014 filed the Technical Report for its Preliminary Economic Assessment. Both documents are available on SEDAR at www.sedar.com and on the Company's website at www.castlemountainmining.com.
Castle Mountain Mining Company Limited, through its wholly owned subsidiaries including Castle Mountain Venture, is focused on the exploration and, if warranted, development of deposits in San Bernardino County, California. The principal gold mineralization identified to date within the Project are below and surrounding the historically mined pits on the property including the Oro Belle-Hart Tunnel, Jumbo, and Lesley Anne-Jumbo South pits, as well as in the South Domes area.