Startup planned for SB project

The two partners in the SB gold-silver project northwest of Stewart, B.C., say they will proceed to production with the property, subject to regulatory approval. Westmin Resources (TSE) is earning a 50% interest in the project from Tenajon Resources (VSE). The option agreement calls for Westmin to spend about $2.8 million to earn its interest and a production decision by March 15 of this year.

To date, Westmin expenditures total $1 million for confirmatory drilling, engineering and permitting, Tenajon reported. The property’s 35 zone is estimated to contain reserves of 105,830 tons grading (cut and diluted) 0.29 oz. gold and 1.92 oz. silver per ton, 0.32% copper, 0.67% lead and 3.85% zinc. Allowing for a start in the near future, the companies plan to mine the 35 zone this year, with processing at the Premier mill.

Exploration will continue on four other zones.