44 www.resourceworld.com
O C T O B E R / N O V E M B E R 2 0 1 7
Mine plan incorporates 4,500 tpd at Stall
base metal mill (currently processing 3,000
tpd) in 2018. Refurbishment continues of
nearby New Britannia gold mill to process
up to 1,500 tpd of Lalor gold and copper-
gold material at higher recoveries. HudBay
is exploring near-mine targets with a
combination of surface and underground
drilling. As of January 2017 the 777 cop-
per-zinc mine in Flin Flon has a four-year
mine life and the Reed copper mine near
Flin Flon has a two-year mine life. Royal
Nickel Corp. [RNX-TSX; RNKLF-OTCQX]
has a 30% stake in HudBay's producing
Reed Mine. HudBay plans to keep the
processing assets on care and maintenance
after 777 and Reed mine closures.
Gold producer Klondex Mines Ltd.
[KDX-TSX; KLDX-NYSE MKT] acquired
the True North underground mining
complex ~250 km northeast of Winnipeg
in January 2016. True North consists of
several underground narrow-vein gold
deposits in addition to a modern, fully-
permitted gold mill capable of processing
up to 2,500 tonnes per day. The mine, in
operation intermittently since 1931, has
produced more than 1.5 million ounces of
gold. True North is expected to produce
from 41,000 to 45,000 ounces of Klondex's
consolidated guidance total of 213,000 -
230,000 ounces of gold.
Minnova Corp. [MCI-TSXV; AGRDF-
OTC] is focused on the advancement and
re-start of their 100%-owned PL gold mine
in central Manitoba. On August 24, the
company announced surface grab sample
assay results from the summer field pro-
gram "have successfully extended the
strike length of gold mineralization at the
PL North showing which is interpreted to
be on trend from the PL gold deposit." A
winter drill program will test strike and
dip extents of gold mineralization at the
PL North Showing and the 2 km trend of
untested strike length extending on trend
toward the J showing. An Updated PEA
supports average annual production of
48,100 ounces over a +10-year mine life.
New Age Metals Inc. [NAM-TSXV;
PAWEF-OTCQB; P7J.F-FSE] has five 100%-
owned lithium projects available for option
