29 August 2016
TORONTO, ON --(Marketwired - August 29, 2016) - TMAC Resources Inc. (TSX: TMR) ("TMAC" or the "Company") announces that the processing plant fabricated by Gekko Systems Pty of Ballarat, Australia ("Gekko") has been safely offloaded at the Hope Bay Project in Nunavut, Canada.
Dr. Catharine Farrow, Chief Executive Officer of TMAC, stated, "We remain on track to advance the Hope Bay Project towards commercial production in early 2017. As of this week, the mill building is nearing full completion with the steel erected, the wall panelling and roofing installed and only some civil work remaining. We have initiated the movement of the recently offloaded processing plant components into the mill building. With this critical portion of the 2016 sealift behind us we are now totally focused on assembling and commissioning the processing plant as planned. Additionally, the underground mining continues to advance smoothly. We remain on plan and budget and are making excellent progress toward building the first gold mine in what we believe to be Canada's next gold mining district."