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UPDATE: Armistice Reports Additional Results of Expanded Production Stope Development in McGarry; Hits 52-Week Lows

Armistice Resources Corp. (AZ.TO), operator of the McGarry gold mine in Ontario's Kirkland Lake area, today reported results from expanded production stope development in the McGarry Mine.

Sill drifting under future stoping zones has now reached a cumulative 820 feet (250 m) in seven zones on the 2250 Level and related sublevels as well as the 2050 Level, Armistice said The average expected stoping width is 5.0 feet (1.5 m) and estimated undiluted grades averaged over all the stoping areas is 0.34 oz/t (11.7 g/t).

AZ dropped 17% to 5 cents, hitting 52-week lows.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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