Issue link: http://resourceworld.uberflip.com/i/99312
Gold Project in the Clinton and Lillooet Mining Districts, about 220 km north of Vancouver. Sona recently received a conditional Special Use Permit for the construction of ~5 km of road, which will connect the past-producing Blackdome Gold Mine and the Elizabeth gold deposit property by existing forest service roads to facilitate the transportation of mineralized rock from Elizabeth to the processing mill at Blackdome. Construction of the road is scheduled for summer 2013. Sona has also been granted an effluent discharge permit Spanish Mountain Gold Ltd. [SPATSXV; S3Y-Frankfurt] has completed a positive preliminary economic assessment (PEA) (NI 43-101 compliant) for the 100%owned Spanish Mountain gold project, central BC. Results of the PEA demonstrate the potential technical and economic viability of establishing a new gold mine and mill complex on the project. (See p. 64) Taseko Mines Ltd. [TKO-TSX; TGBNYSE MKT] is the 75% owner and operator of the Gibraltar Mine 65 km north of Williams Lake, the second largest open pit copper-molybdenum mine in Canada. A Japanese consortium owns the remaining 25%. Taseko also owns the New Prosperity Project, currently in the Environmental Assessment process, one of the largest undeveloped gold-copper deposits in the world. In addition, the Aley niobium project in nortyhern BC and the Harmony gold project in Haid Gwaii are two longer term development opportunities. Teck Resources Ltd. [TCK.B-TSX; TCK-NYSE] has a 97.5% interest in the Highland Valley Copper Mine near Logan Lake, south central BC. The open pit operation produces copper and molybdenum concentrates. A new life of mine plan has recently been developed extendeding the mine life to 2025, assuming additional permit amendments. Teck and 50/50 partner NovaGold Resources Inc. [NG-TSX] have been evaluating the Galore Creek Project 150 km north-west of Stewart. Teck operates a number of coal mines: five mines in BC and one in Alberta. Teck wholly owns the Coal Mountain, Cardinal River (AB), Fording River and Line Creek mines, and have a 95% partnership interest in the Elkview Mine and an 80% joint venture interest in the Greenhills Mine. Thompson Creek Metals Company Inc. [TCM-TSX; TC-NYSE; A6R-Frankfurt] is in the process of constructing the Mt. Milligan copper-gold mine in northern BC, expected to be in production in Q3 2013. Copper reserves are 2.1 billion lbs with gold reserves of 6 million oz. The company also has a 75% interest in the open pit molybdenum Endako Mine, 188 miles west of Prince George. Thompson Creek also owns two exploration-stage prospects in BC; the Berg property, a copper-molybdenum-silver deposit with significant resources located in west-central BC, and the Davidson property, a high-grade molybdenum deposit located under Hudson Bay Mountain, near Smithers. Tower Resources Ltd. [TWR-TSXV] reported assay results from grab samples BC Exploration continued to page 66 SAFETY EXPERIENCE SUPPORT SERVICE INNOVATION EQUIPMENT PEOPLE 28 www.resourceworld.com DECEMBER 2012/JANUARY 2013