The Premier Gold mine project near Stewart, B.C., may soon be treating higher-grade reserves from the SB gold project owned by Tenajon Resources (TSE). Don McLeod, president of Tenajon, said his company was advised that Westmin is seeking a decision from its Premier Gold partners to complete the acquisition of a 50% interest in the SB property.
Should Pioneer Metals (TSE) and Canacord Resources (TSE) choose not to participate, McLeod said Westmin intends to use its best efforts to complete the acquisition “for its own account.”
The SB property is 7.5 miles from the mill at the Premier Gold mine. Westmin, 50.1% owner and operator of the Premier Gold mine project, has been experiencing startup difficulties largely relating to a lower grade of reserves than originally anticipated.
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