Mahdia Gold's JV partners began production in
Both operations are back operating with the sluices above the storm's high water mark, and we expect to update production numbers soon at the end of this fiscal quarter. Additionally, Mahdia Gold is currently adding alluvial contractors at its 21,000 acre White Creek Property.
Mahdia's management and Directors continue to seek all forms of financing. Management is in discussions with financial firms in
Financing the Company becomes more critical as payments to the Guyanese government begin to come due within the next months. To date, the government has been very accommodating by working with Mahdia's management in restructuring payments to a more manageable schedule for the Omai property. As some payment is coming due within the month, and given the value of this asset to Mahdia, we will continue to seek assistance as needed. All statutory fees and licenses are fully paid and up to date.
About Mahdia Gold Corp.
Mahdia is a Canadian-based gold exploration company with active gold prospects in
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT: Mahdia Gold Corp.
Andre J. DouchanePresident & CEO (416) 671-8089 firstname.lastname@example.org Source: Mahdia Gold Corp.