Several senior mining companies and investment groups are examining the Dome Mountain gold property with a view to providing the necessary capital to bring the project to production, according to owner Teeshin Resources (VSE).
The Dome Mountain property, near Smithers, B.C., has reserves of 324,000 tons grading 0.6 oz. gold and 2.34 oz. silver per ton.
Previous estimates put the cost of building a 350-ton-per-day mine and mill at $15 million. Teeshin notes that it is discussing terms with some of the interested parties and that it expects to reach an agreement before the end of July.
In addition, the company plans to drill off an extension to the known reserves this summer with the expectation of adding about 300,000 tons to the reserve figure.
Be the first to comment on "Teeshin looking for partners"