If a recently completed pre-Feasibility Study is any indication, Northern BC could soon have a new source of low-cost gold and copper.
Newcrest Mining has completed the Study on the Red Chris Block Cave, which the company acquired a 70 percent stake in in 2019.
That study found initial mineral reserve estimates of over 8 million ounces of gold, and 2 million of copper.
Using that data, production at the proposed site, on the East Ridge, is expected to be around 316 thousand ounces of gold, and 80 thousand tonnes of copper per year.
Those numbers are projected over a 6 year period, beginning in 2028.
With the release of the Study, the company has approved a move to the Feasibility stage.
Data gathered in the report will advise a Feasibility Study, expected to be completed in 2023.
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