Jan 14, 2022
Galleon Gold has the numbers to mine in the West Timmins camp
< 1 MIN READ
Toronto mine developer releases study showing 11-year mine life at West Cache Project
There looks to be another mine-ready gold project in the Timmins camp. Toronto’s Galleon Gold released the results on Jan, 12 of a preliminary economic assessment (PEA) for its West Cache Gold Project, proposing an underground mine with an 11-year operating life, built at a very low cost of $150 million.
A PEA is only a first-stage conceptual plan of what a mine could look like.
Galleon hasn’t made an official construction decision yet but the company is confident enough to believe it can start test mining within two years. They will proceed to the next stage of technical evaluation in carrying out a pre-feasibility study.
Read the full article from Northern Ontario Business HERE.