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 NI 43-101 compliant resource is: Measured and Indicated = 441,500 oz Gold (Au) at an average grade of 8.36 g/t Gold (Au), and an Inferred Resource = 107,500 oz Gold (Au) at 6.10 g/t Gold (Au).
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 290 personnel will be employed during the 20-month development phase and that 200 personnel will be employed during the currently anticipated five to seven-year operational period. Wherever feasible, priority will be given to employing people in local and regional communities.