Vancouver, July 31, 2017 – Leagold Mining Corporation (TSX: LMC) (“Leagold” or the “Company”) received the environmental permit for development of the portal and ramp for the Bermejal Underground deposit, an attractive expansion project with potential to increase gold production and extend mine life at Los Filos. The permit was received on June 14, 2017 and required submission of an additional economic/technical document which was completed on July 28, 2017 such that the permit is now in effect. A portal and ramp design has been completed and is being used for tendering, and a total of six underground tunneling contractors have completed site visits. Contractor selection will be completed in August.
Neil Woodyer, CEO stated “Development of the exploration ramp is an important step in advancing Bermejal Underground towards production. The ramp will provide access to the eastern and central portions of the deposit. The mineralization is similar to the Los Filos Underground deposits where we are currently mining, and this development provides an opportunity to carry out additional exploration from underground as well as demonstrate the minability of Bermejal Underground. Access to the ore body will also provide a larger sample for confirmatory metallurgical testwork for heap leaching. These steps will advance the deposit towards declaration of reserves and incorporation into the mine plan.”