The advanced status of the Kemess copper-gold deposit has prompted El Condor Resources (VSE) to persuade senior companies that it is worth bringing into production.
El Condor is operator and has a 60% interest in the Kemess South project; it also has a 100% interest in the Kemess North properties. Both are in northern British Columbia.
Minable reserves at South Kemess are 220 million tons grading 0.22% copper and 0.018 oz. gold per ton.
El Condor is managed by the same team that vended the Mt. Milligan copper-gold project to Placer Dome (TSE) several years ago. Since then, the same group has advanced the Fish Lake copper-gold deposit near Williams Lake, B.C., and the Casino copper deposit in the Yukon. Fish Lake is held by Taseko Mines whereas Casino is held by Pacific Sentinel Gold (VSE).
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