Mine developer edging toward construction decision on Goliath Gold Complex
Treasury Metals has struck a $20-million royalty deal with mine financier Sprott Resource Streaming and Royalty Corp to move the project yardsticks for a large proposed gold mine, east of Dryden.
The financing will be earmarked for economic studies, permitting, consultations and corporate administrative costs; all the things Treasury needs to do to take the project through to construction.
Treasury has not yet made a construction decision for a mine project that has an initial operational life of 13 years that will likely lengthen out as ongoing exploration continues to discover more gold on its 330-square-kilometre property between Dryden and Sioux Lookout.
Read the full story from Northern Ontario Business HERE
