Golden Queen Mining

Published : April 13th, 2015

Golden Queen comments on a US Fish and Wildlife Service notice and provides updates on construction and infill drilling

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold | Market | Merrill | Silver | Water |

Golden Queen comments on a US Fish and Wildlife Service notice and provides updates on construction and infill drilling

VANCOUVER, April 13, 2015 /PRNewswire/ - Golden Queen Mining Co. Ltd. (TSX:GQM; OTCQX:GQMNF) (the "Company" or "Golden Queen") is providing a comment on a notice filed by the United States Fish and Wildlife Service in the United States Federal Register on April 10.  The Company is also pleased to provide a construction update for its 50%-owned Soledad Mountain gold-silver project (the "Project") located just south of the town of Mojave, California. 

United States Fish and Wildlife Service Notice:

On April 4, 2014, the United States Fish and Wildlife Service ("USFWS") determined that the Mohave Shoulderband Snail did not warrant an emergency listing as a threatened or endangered species under the federal Endangered Species Act.  The USFWS based that decision on a review of an emergency petition submitted by the Center for Biological Diversity ("CBD"), in which CBD asserted that the snail is a separate species with limited distribution, including a part of the area required for the Project on Soledad Mountain.

Even though an emergency listing was not warranted, the USFWS is required by the Endangered Species Act to continue processing the listing petition.  On April 10, 2015, the USFWS announced the commencement of a 60-day public comment period as part of its decision to study the merits of the assertions made in the petition.  As USFWS states in its notice, taking this step does not mean that a listing will be warranted at the end of the 12-month study period.

The Company worked with its environmental and legal advisors to prepare a detailed response to the petition, which was filed with the USFWS on March 31, 2014.  The Company's response is available on the Company's website at www.goldenqueen.com.

The Project has received all necessary regulatory approvals.  The decision by USFWS to engage in a study does not affect the Project's regulatory approvals or prevent the Project from moving forward.

Construction Update:

Construction is continuing on site without incident.  Construction highlights include:

  • Equipment for the assay laboratory has been purchased and is being installed;

  • Construction of key footings for the crushing-screening plant has been completed. Delivery of structural steel and equipment for the primary crusher section of the crushing-screening plant is scheduled for early May;

  • Delivery of the high-pressure grinding roll or HPGR, the key comminution equipment in the crushing-screening plant, is expected in July;

  • A contractor has started erection of the overland conveyor;

  • Site grading of the Phase 1, Stage 1 heap-leach pad, the overflow pond and the solution conveyance channel has been completed, the lower, low permeability, clay-tailings layer has been placed in the overflow pond and the impervious liner is now being placed;

  • Construction of the power distribution and water supply infrastructure is 90% complete;

  • The Company is proceeding with development on the project site. Twelve pieces of earth-moving equipment including two 40 ton haul trucks, two dozers, a water truck and a grader are now on site and this equipment will be used in the mining operation.  Road Machinery LLC is developing a facility in Mojave to be able to provide maintenance support;

  • There are now twenty full-time employees in Mojave with an expected increase to approximately 50 full-time employees in the near term.  The management team is also in place.  The contractors' combined workforce varies from fifty to seventy-five depending upon the particular projects that are being worked on.

Construction is proceeding on time and within budget and the Company expects to commission the processing facilities in the last quarter of 2015.

Infill Drill Program Update:

The Company has completed an infill drill program within the first two phases of mining, which was announced in a news release dated March 16, 2015.  The goals of the infill drill program are to: (1) Extend mineralization both laterally and in depth below the current open pit designs; (2) Convert Inferred resource estimates to Measured and Indicated resource estimates and (3) provide material for bottle roll tests to assess metallurgical performance.

Drilling started on February 9 and 4,108m of reverse-circulation drilling has been completed.  A total of 3,013 samples was sent to a laboratory in Reno, Nevada.  The Company will provide an update as soon as all assays have been received and the analysis and interpretation of the results has been completed.

About Golden Queen Mining Co. Ltd:

The Company is developing a gold-silver, open pit, heap leach operation on its fully-permitted 50%-owned Soledad Mountain property, located just outside the town of Mojave in Kern County in southern California.  The Project will use conventional open pit mining methods and the cyanide heap leach and Merrill-Crowe processes to recover gold and silver from crushed, agglomerated ore.  Technical information in this news release was approved by H. Lutz Klingmann, President and CEO, and a Qualified Person as defined under NI 43-101.

Caution With Respect To Forward-looking Statements:  The information in this news release includes certain "forward-looking statements". All statements in this news release, other than statements of historical fact, including, without limitation, plans for and intentions with respect to budgets and capital requirements, construction, hiring, decisions of regulators, infrastructure development, the determination of the USFWS, the CBD petition status and other development activities on the Project progress, and statements related to ongoing development, exploration and mining operations on the Project that are not historical, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.  Important factors that could cause actual results to differ materially from statements in this news release regarding our intentions include, without limitation, risks and uncertainties regarding: the joint venture agreement and related obligations of GQM LLC; the development and operation of the Project, including additional capital requirements for the Project, accidents, equipment breakdowns and non-compliance with environmental and permit requirements, changes to regulations or new governmental decisions affecting planned operations.  Other risks and uncertainties include risks related to fluctuations in gold and silver prices; changes in planned work resulting from logistical, technical or other factors; that results of operations on the Project will not meet projected expectations due to any combination of technical, operational or market factors; uncertainties involved in the interpretation of technical data and the estimation of gold and silver resources and reserves; and other risks and uncertainties disclosed in the section entitled "Risk Factors" contained in our Annual Report on Form 10-K for the year ended December 31, 2014.  Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors should not put undue reliance on forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made.

Read the rest of the article at finance.yahoo.com

Golden Queen Mining

DEVELOPMENT STAGE
CODE : GQM.TO
ISIN : CA38115J1003
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Golden Queen is a gold development stage company based in Canada.

Golden Queen develops gold and silver in USA.

Its main asset in development is SOLEDAD in USA.

Golden Queen is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.1 millions, € 1.8 millions).

Its stock quote reached its highest recent level on September 23, 2011 at CA$ 3.95, and its lowest recent point on July 25, 2019 at CA$ 0.02.

Golden Queen has 111 050 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Golden Queen Mining
12/31/2014secures loan financing
Nominations of Golden Queen Mining
5/31/2013Appoints New Board Members
Financials of Golden Queen Mining
8/10/2016Golden Queen Announces Financial Results for the Second Quar...
11/10/2014reports financial results for the third quarter of 2014
8/11/2014Announces Financial Results and Review of Operations for the...
3/17/2014reports year end results and provides a construction update
11/13/2013Files Financial Statements
2/18/2011 Quarterly Report
Project news of Golden Queen Mining
4/13/2015Golden Queen comments on a US Fish and Wildlife Service noti...
11/25/2014(Soledad)Company Ltd. provides update on the Soledad Mountain Project
9/15/2014(Soledad)announces closing of joint venture to develop and operate th...
6/9/2014(Soledad)announces joint venture to develop and operate the Soledad M...
10/25/2012(Soledad)Files Updated Feasibility Study Report for Soledad Mountain ...
4/8/2011(Soledad)ANNOUNCES UPDATED FEASIBILITY STUDY FOR SOLEDAD MOUNTAIN PRO...
Corporate news of Golden Queen Mining
7/25/2016Golden Queen Completes C$16.1 Million Bought Deal Financing
7/14/2016Golden Queen Announces C$13 Million Bought Deal Financing
7/13/2016Golden Queen Annouces Proposed C$13 Million Unit Financing
6/9/2016Golden Queen Provides A Project Update
6/6/2016Golden Queen Provides A Project Update
6/3/2016Golden Queen Announces Voting Results of Annual General Meet...
5/10/2016Golden Queen Announces Financial Results for the First Quart...
2/1/2016A Look Inside the Chart, Technical Insights - Analyst Notes ...
1/21/2016Direction of Market Influences -- Featured Research on Salee...
1/14/2016Today's Market Driven by Key Factors - New Research on Trans...
1/5/2016Golden Queen Begins Commissioning of Processing Facility and...
1/4/2016Golden Queen Begins Commissioning of Processing Facility and...
1/4/2016Golden Queen Begins Commissioning of Processing Facility and...
8/13/201510-Q for Golden Queen Mining Co. Ltd.
8/13/201510-Q for Golden Queen Mining Co. Ltd.
8/10/2015Golden Queen Announces Senior Management Changes And Reports...
8/10/2015Golden Queen Announces Senior Management Changes and Reports...
5/14/201510-Q for Golden Queen Mining Co. Ltd.
5/14/201510-Q for Golden Queen Mining Co. Ltd.
5/5/201510-K for Golden Queen Mining Co. Ltd.
5/5/201510-K for Golden Queen Mining Co. Ltd.
4/13/2015Golden Queen Comments on a US Fish and Wildlife Service Noti...
3/16/2015Golden Queen Reports Financial Results for the Year Ending D...
3/16/2015Golden Queen reports financial results for the year ending D...
2/27/2015Golden Queen Mining Company Ltd. Announces Filing of NI 43-1...
2/27/2015Golden Queen Mining Company Ltd. Announces Filing of NI 43-1...
2/10/2015Company Ltd. provides update on resource estimates, reserve ...
1/1/2015Golden Queen Secures Loan Financing
12/3/2014CANADA STOCKS-TSX set to open lower ahead of Bank of Canada ...
11/26/2014Golden Queen Mining Company Ltd. Provides Update on The Sole...
11/11/2014Golden Queen Reports Financial Results for the Third Quarter...
9/9/2014Company Ltd. shareholders approve the joint venture with Gau...
7/31/2014announces date for Extraordinary Shareholder Meeting to appr...
7/31/2014announces date for Extraordinary Shareholder Meeting to appr...
7/2/2014(Soledad)secures an advance with Leucadia and Auvergne for the ongoin...
4/22/2014on the Center for Biological Diversity Emergency Petition
3/27/2014provides a construction update and updates its capital cost ...
2/3/2014Petition Filed with the United States Fish and Wildlife Serv...
1/6/2014(Soledad)secures interim financing for the ongoing development of its...
12/9/2013provides a construction update
10/8/2013Proposed Extraordinary General Meeting to Increase Authorize...
7/25/2013Announces $10 Million Private Placement
4/30/2013Appointment of Project and Construction Manager
9/11/2012Begins Trading on OTCQX International
5/17/2011(Soledad)ANNOUNCES FILING OF FEASIBILITY STUDY FOR SOLEDAD MOUNTAIN ...
1/21/2011 Financials
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (GQM.TO)Other OTC (GQMNF)
0.025+0.00%0.163-9.44%
TORONTO
CA$ 0.025
07/25 16:45 -
0%
Prev close Open
0.025 0.025
Low High
0.025 0.030
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.025 -%
Volume 1 month var.
557,744 -%
24hGold TrendPower© : -24
Produces
Develops Gold - Silver
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202010.14%0.230.11
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.68-0.45%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.89-1.36%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.72%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.36-3.28%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.64+2.69%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.17%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+6.25%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.67-0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03-2.94%Trend Power :