- Write by:
-
Tuesday, September 18, 2018 - 8:43:11 PM
-
1589 Visit
-
Print
Mining News Pro - The Canadian Environmental Assessment Agency is conducting a federal environmental assessment of the proposed Red Mountain underground gold project, located northeast of Stewart, British Columbia.
According to Mining News Pro -The Canadian Environmental Assessment Agency is conducting a federal environmental assessment of the proposed Red Mountain underground gold project, located northeast of Stewart, British Columbia. The project is also subject to requirements under the Nisga’a Final Agreement, a modern treaty signed by the governments of Canada, British Columbia, and the Nisga’a Nation.
The Agency invites the Nisga’a Nation, Indigenous groups and the public to comment on the draft Environmental Assessment Report, which includes the Agency’s conclusions and recommendations regarding the potential environmental effects of the project and their significance, the proposed mitigation measures, and the follow-up program.
The Agency also invites comments on the potential environmental assessment conditions for the project. Final conditions would become legally-binding on the proponent if the project is allowed to proceed.
The 17,125 ha Red Mountain project is located within northwestern British Columbia’s prolific ‘Golden Triangle’, 15 km northeast of the town of Stewart and within Nisga’a Nation traditional territory. A previous feasibility study announced by IDM in June 2017 confirmed the positive economics for a near-term, high-grade, bulk mineable underground gold operation at Red Mountain.
BC’s ‘Golden Triangle’ hosts multiple large and high-grade past-producing mines and deposits, several of which are approaching potential development. High-grade past-producing gold-silver mines include the Premier, Eskay Creek and Snip operations. Seabridge’s KSM Project and Pretivm’s currently producing Brucejack mine host extensive metal deposits in the same belt of rocks as Red Mountain.
On June 19, 2018, IDM Mining announced the results of an updated mineral resource estimate which incorporated information from previous drilling, plus results from 29,312 meters of drilling completed during 2017. 2018 Mineral Resource Update Highlights:
•39.2% increase in measured gold ounces or 147,600 oz Au and measured tonnes increased by 581,900 t or 46.7%, maintaining a high-grade of 8.92 g/t Au and 28.30 g/t Ag
•20.7% increase in measured and indicated (M&I) gold ounces or 120,900 oz Au to 704,600 oz of gold plus 2,026,800 oz of silver at an average grade of 7.91 g/t Au and 22.75 g/t Ag
•Measured and indicated tonnes increased by 33.6% or 696,600 t to 2,771,300 t
•Inferred Resources of 61,400 oz of gold averaging 6.04 g/t Au, a slight decrease in ounces of 5.2% primarily due to strong resource conversion
•Vast majority of inferred resources in the Marc, AV and JW converted to M&I
•Initial resources reported for Smit, SF, Bray, Chicka and Cambria Zones
•The updated mineral resource estimate, along with improved geological interpretation and engineering optimization work will support an updated feasibility study expected to be completed in the autumn of 2018.
Short Link:
https://www.miningnews.ir/En/News/265042
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
No comments have been posted yet ...