Production started early December at Viscount Resources’ 50%-owned O.B. silver- gold mine at Greenwood, B.C. The project is a joint venture with Skylark Resources, which is operator.
About 80 tons per day is being sent to Robert Mine’s mill, about six miles away, and this is slated to increase to l00 tons per day. Concentrate has been shipped to Cominco’s smelter at Trail for processing.
The companies spent about $2 million to develop the property, which has approximately 30,000 tons of ore grading 30 oz silver and 0.1 oz gold per ton, enough for a 4-year mine life.
A 1,500-ft decline was completed in 1987 to access the H orebody and the Serpentine zone. Underground exploration continues on the Serpentine gold zone and drifting toward one of the gold-rich Serp intersections (30 ft of 0.367 oz gold) is nearing completion.
On the exploration front, Viscount recently acquired an option on eight mineral claims adjoining the Hemisphere/Aber Sunrise polymetallic mineral discovery in the Sunset Lake area, Northwest Territories. A private placement netting $500,000 will be used for a geophysical and drilling program starting in March.
Elsewhere in the N.W.T., Bow Valley Industries is continuing an exploration program on Viscount’s 5,140-acre Contwoyto Lake gold property southeast of Echo Bay’s Lupin gold mine. Bow Valley can earn a 51% interest by spending $1 million before December. Viscount retains a 20% carried interest in the property.
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