The Sisson Mine project in rural New Brunswick looks poised to become a reality after Prime Minister Mark Carney named it as one of the country’s major projects on Thursday.
University of New Brunswick earth sciences professor David Lentz called the project “long overdue” in an interview with CBC Radio’s Shift – NB.
He said the mine’s location includes one of the largest tungsten and molybdenum deposits in the free world.
The Sisson Mine deposits have been known since the 1970s, but Lentz said the current developer, Northcliff, has invested signficantly to evaluate the overall size and grade of the deposits.
As for economic impact, he said the mine’s development would create “extremely high-paying jobs for mostly young people,” and governments would benefit from significant tax revenues.
When asked about concerns over tailings — the leftover rock and water from mining operations — Lentz said people forget about the “level of expertise” of mining engineers in the Fredericton area.
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