President Jean-Claude Caron reports the start-up cost is estimated to be $310,000. The Canadian Imperial Bank of Commerce granted the gold loan.
Operator of the Montauban mine, a small gold and silver producer, is Muscocho Explorations (TSE).
Tailings reserves are estimated to total 300,000 tons grading 0.042 oz gold and 2.42 oz silver per ton.
Aurtec is planning to process about 100,000 tons of the material in 1989.
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