VANCOUVER, Oct. 3, 2014 /PRNewswire/ - Veris Gold
Corp. ("Veris" or the "Company") reports that the Company
will be co-operating with the Energy, Mines and Resources branch of
the Yukon Government to address certain maintenance and remedial
work required by the Yukon Government at the Ketza River Project
located in the Yukon,
Territory.
The work includes maintenance work on access road bridges and
seepage control and stabilization of surface water diversion
structures. The work will be funded from a CND$3.0 million security
fund that the Company has established for reclamation.
The Yukon Government will undertake the contracting of the
required work. The Company, having already completed initial
scoping for some of the work utilizing local resources, has offered
to co-operate and has urged the Yukon Government to work with the
Company to ensure the most efficient and cost effective completion
of the works.
The Ketza River Project is operated by the Company's' wholly
owned subsidiary, Ketza River Holdings Ltd.
About Veris Gold Corp.
Veris Gold Corp. is a
growing mid-tier North American gold producer in the business of
developing and operating gold mines in geo-politically stable
jurisdictions. The Company's primary assets are the permitted and
operating Jerritt Canyon processing plant and gold mines located 50
miles north of Elko, Nevada, USA.
The Company's primary focus is on the re-development of the Jerritt
Canyon mining and processing plant. The Company also holds a
portfolio of precious metals properties in British Columbia and the Yukon Territory, Canada, including the Ketza
River Property.
On behalf of
"VERIS GOLD CORP."
François Marland
President and CEO
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www.verisgold.com.
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release. All material information
may be accessed at www.sedar.com.
Forward-Looking Statements This news release contains
"forward-looking statements" and "forward-looking information"
within the meaning of applicable securities regulations in
Canada and the United States (collectively,
"forward-looking information"). Forward-looking information
includes, but is not limited to, statements with respect to
estimated mineral resources, anticipated effect of the completed
drill results on the operations at Jerritt Canyon, the
interpretation of those results, and timing and expectations of
future work programs. Often, but not always, forward-looking
information can be identified by the use of words such as "plans",
"expects, "is expected", "budget", "scheduled", "estimates",
forecasts", "intends", "anticipates", or "believes", "has the
potential" or the negatives thereof or variations of such words and
phrases or statements that certain actions, events or results
"may", "could", "would", "might", or "will" be taken, occur or be
achieved. The forward-looking information contained in this
news release is based on certain assumptions that the Company
believes are reasonable, including, with respect to mineral
resource estimates, the key assumptions and parameters on which
such estimates are based, as set out in this news release and the
technical report for the property, that the current price of and
demand for gold will be sustained or will improve, the supply of
gold will remain stable, that the general business and economic
conditions will not change in a material adverse manner, that
financing will be available if and when needed on reasonable terms
and that the Company will not experience any material accident,
labor dispute, or failure of plant or equipment.
However, forward-looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information. Such factors include, among others, conclusions of
economic evaluations, the risk that actual results of exploration
activities will be different than anticipated, that cost of labour,
equipment or materials will increase more than expected, that the
future price of gold will decline, that mineral resources and
reserves are not as estimated, that actual costs or actual results
of reclamation activities are greater than expected; that changes
in operations may result in increased costs, unexpected variations
in mineral resources and reserves, grade or recovery rates, failure
of plant, equipment or processes to operate as anticipated,
accidents, labour disputes and other risks generally associated
with mining. See our Annual Information Form for additional
information on risks, uncertainties and other related factors.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. The Company does not undertake to update any
forward-looking statements that are incorporated by reference
herein, except in accordance with applicable securities laws.
SOURCE Veris Gold Corp.