Phoenix, Arizona--(Newsfile Corp. - October 15, 2020) - The Stock Day Podcast welcomed Winston Gold (OTCQB: WGMCF) ("the Company"), a junior mining company focused on advancing high-grade, low cost mining opportunities into production. CEO of the Company, Murray Nye, joined Stock Day host Everett Jolly.
Nye began the interview by elaborating on the progress of the Company's Winston Gold project in Helena, Montana, where they have begun extracting mineralized material. "What we're doing is creating a tunnel, or sill drift, along the vein," explained Nye, adding that this provides underground access for mining equipment and eventually serves as a haulage drift. Nye then shared that the Company has developed 255 feet of the drift on the Custer and Parallel veins.
"In a press release yesterday, we announced that 4,200 tons of mineralized material had come out of the mine with an average grade of 0.22 ounces per ton," said Nye. "That's an excellent average," he explained, noting that once the project reaches the production ore stage this grade will likely increase dramatically. "We don't know all of the data yet, but as we continue to drift it will give us more information on those veins," said Nye. "It's turning out as good as we hoped and sometimes better."
Jolly then noted the challenges of short mining seasons, and asked about the timeline of the Company's Winston Gold project as colder weather approaches. "There's not a huge amount of snowfall in that particular part of the state," said Nye. "It's not going to hamper us in any way as far as mining is concerned," he explained. "The temperature underground is very consistent, so the only thing you have to watch is that the water lines going in and out do not freeze-up," said Nye. "We've got it all planned for winter, so we're ready-to-go for year-round operations."
"Where are we at with the status of the Paradine Mill right now?" asked Jolly. "We are just waiting on two pieces of equipment," shared Nye, noting that the equipment is due to arrive on-site within one week and will allow the mill to begin operations.
"When we do extract the gold out of the materials, when will that fall on the balance sheet?" asked Jolly. "It depends on how quickly we get the development done, but we are making very good progress," said Nye. "I think we can keep the material coming out of that mine at a very good rate," he added, noting the potential of the first quarter of 2021.
To close the interview, Nye shared that the Company will continue to remain focused on the development of the property, and expressed his gratitude towards the Company's mining crew which has proven their dedication and skill over the course of this project. "I'm very pleased that we're on track to do what we said we would do," said Nye.
To hear Murray Nye's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7706247-winston-gold-discusses-the-extraction-of-4-200-tons-of-mineralized-material-with-an-average-grade
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About Winston Gold
Winston Gold is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. Towards that end, the Corporation has acquired the under-explored and under-exploited Winston Gold project near Helena, Montana.
The CSE has neither approved nor disapproved the information contained herein. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Winston Gold Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
For more information, please visit www.winstongoldmining.com; or contact:
Murray Nye,
Chief Executive Officer and a Director of Winston Gold
Suite 201-919 Notre Dame Avenue
Winnipeg, Manitoba, R3E 0M8
Telephone: (204) 989-2434
E-mail: murray@winstongold.com
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
SOURCE:
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66020
