Issue link: http://resourceworld.uberflip.com/i/832998
56 www.resourceworld.com J U N E / J U L Y 2 0 1 7 MINNOVA CORP. [MCI-TSXV] plans to reopen one of Manitoba's former gold pro- ducers, the Puffy Lake gold mine located 65 km northeast of Flin Flon, now called the Maverick Project. For the past five years, Gorden Glenn, President and CEO, has been busy encouraging investors to stand behind the PL (formerly called Puffy Lake) Gold Mine re-start plan, which is 100% owned. Minnova is carrying out infill drilling during the current explora- tion season in support of a feasibility study and planned underground test mining program in the fall/winter 2017. Recent drill results are encouraging with 16.38 g/t gold over 5 metres reported in a news release dated May 4, 2017. The PL Mine produced 28,430 ounces of gold from 350,000 tonnes milled in 1988–1989 when it was operated by Pioneer Metals. Eventually its downfall was that the operator put too much money into hopeful infrastructure such as a 1,000 tonne-per-day mill, still on site, which used up operating funds. The economics didn't work out and current plans envis- age an initial underground operation with a lower production rate of 600 tonnes per day. The property still has its underground permit in place. Minnova Corp. changed its name from Auriga Gold in 2014. This was part of a restructuring initiative led by Gorden Glenn, President and CEO, who joined the company in 2012. Glenn has an Honours B.Sc. degree in Geological Sciences from Queen's University, and has served in senior positions with major Canadian banks and securities firms, is also President and CEO of Geodex Minerals [GXM-TSXV], which is being re-structured into a gold and metals trading business with operations in Bolivia, and is on the board of several other mineral exploration companies, including Mexican Gold, hav- ing recently changed its name from Source Exploration. Also on the Minnova board is Brian Robertson of Mexican Gold Corp. [MEX-TSXV]. Satellite maps of the PL property show north-south striking geological lineaments and S-shaped curves in the metamor- phosed Canadian Shield, evidence of past deformational history. Roads into the mine site are visible in the sparsely treed (mainly spruce), low-relief landscape, carved smooth by continental glaciation some 10,000 years ago. Road access from Flin Flon (near the Manitoba/Saskatchewan border) to Sherridon is about 115 km northeast via an all-weather 78-km com- munity access gravel road. The PL Mine, about 15 km southeast of Sherridon, also has railway and grid power access. The geological setting is in the Flin Flon-Snow Lake greenstone belt in the Minnova Corp. aims to reopen Manitoba's PL gold mine by Jennifer S. Getsinger, PhD, PGeo MINING