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APP

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Share Name Share Symbol Market Type
TSXV:APP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Ressources Appalaches: Exploration of Neighboring Properties at the Dufferin Mine and Extension of the Term of Warrants

30/01/2014 12:00pm

Marketwired Canada


Ressources Appalaches (TSX VENTURE:APP)(FRANKFURT:OU3) has conducted exploration
work at the Chocolate Lake and Miller Lake properties located 8 and 20 km east,
respectively, of the Dufferin Mine in Nova Scotia. These two properties are
situated along the same structural corridor as the Dufferin Mine. The Company's
strategy is to focus the work and the vast majority of the budget on the
development of the Dufferin Mine. However, a part of the budget is earmarked for
the project's long-term development in order to determine the extensions or
discover new structures in neighbouring properties.


A first exploratory borehole of 239 m was drilled at the Chocolate Lake
property. The aim was to locate the extension of the anticlinal structure of the
Dufferin Mine, located 8 km to the east. Although the drilling did not reach its
target due to technical problems and difficult field conditions, some veins
similar to those encountered at the Dufferin Mine were nevertheless observed.
Samples were sent to the laboratory for gold analysis. Based on these results, a
second drilling site will be determined.


A ground magnetic survey was performed at the Miller Lake property to cover the
unexplored area of the asset. A total of 59 km was surveyed. Several anomalies
were located parallel to the folded structure. The comparison and integration of
this survey with those conducted previously in mineralized areas will help
target future exploration work more accurately.


As part of a subsidy program for the discovery and development of new mines
(''Nova Scotia Mineral Incentive Program''), the Company received a grant from
the Government of Nova Scotia equivalent to 50% of the cost of the work
performed at these properties.


On January 28, 2014, the Company filed an application with the TSX Venture
Exchange to extend the expiration date of the stock purchase warrants expiring
on February 13, 2014. The requested new expiration date is August 13, 2014.
These warrants form part of a private placement which closed on February 13,
2012 and consisted of the issuance of 25,300,000 units at a price of $0.05 per
unit. Each unit consisted of one common share in the capital of the Company and
one warrant. Each warrant originally entitled the holder to purchase one common
share at an exercise of $0.10 on or before February 13, 2014. No warrants have
been exercised to date. This modification is subject to the approval of the TSX
Venture Exchange.


About Ressources Appalaches

Since it was created in 1994, the goal of Ressources Appalaches has been to
discover and develop deposits of base and precious metals in Canada with an
expertise targeted towards the Appalachian geological formation in Quebec and
Nova Scotia. The Company is mainly focused on the exploration and development of
the Dufferin Gold Mine in Nova Scotia. 


Photos of the Dufferin Mine and its facilities are available on the Company's
website at: www.ressourcesappalaches.com.


The contents of this press release were prepared and reviewed by Alain Hupe,
Eng. A Qualified Person as defined in NI 43-101. Neither the TSX Venture
Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts any responsibility for the
adequacy or accuracy of this release. 


This press release may contain certain forward-looking statements that include
elements of risk and uncertainty. Consequently, actual results may differ
substantially from those anticipated in such statements. These risks and
uncertainties are described in the quarterly and annual reports, and in the
documents submitted to the securities administration.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alain Hupe, Eng.
President and CEO
418-724-0901
info@ressourcesappalaches.com

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