The Red Mountain Underground Gold Project
The Red Mountain Underground Gold Project (the Project) is situated in northwest British Columbia approximately 15 km northeast of Stewart, BC, west of the Cambria Ice Field and north of the Bromley Glacier. The Project is located within the Nass Wildlife Area, as set out in the Nisga'a Final Agreement.
Over $50 million in work has been completed on the Project since 1989, with over 100,000 m of drilling and 2,000 m of underground development. Environmental, metallurgical, and engineering studies have also been completed. Existing infrastructure from previous and historical mineral exploration will be upgraded during development and operation then cleaned up during reclamation.
The current (June 2018) NI 43-101 compliant resource is: Measured and Indicated = 704,600 oz Gold (Au) at an average grade of 7.91 g/t Gold (Au) and an Inferred Resource = 61,400 oz Gold (Au) at 6.004 g/t Gold (Au) using a 3.0 g/t Au cut-off.
The Project is reviewable under both provincial and federal environmental legislation. For more information, please see the Review Process page.
Development of the mine will commence upon successful issuance of an Environmental Assessment Certificate and all other required regulatory approvals. We anticipate a peak of 865 person-years of direct, indirect, and induced employment across BC during the 18-month Construction Phase, with 293 of those jobs being on site. During the six year Operation Phase, it is expected that the total direct, indirect, and induced employment in BC will be an average of 283 jobs per year. Direct employment is estimated to be an average of 194 full-time equivalent jobs per year. Wherever feasible, priority will be given to employing people in local and regional communities.