The Snip gold project in the Iskut River Valley of northwestern British Columbia has been given approval-in-principle by the British Columbia government’s mine development review process. It is operated by 60% owner Cominco (TSE) under the terms of a joint venture agreement with partner Prime Resources (VSE). “Snip is one of a number of northwest British Columbia projects now in the review process,” stated Mines Minister Jack Davis. “We expect continued interest in the region’s excellent geological potential.”
The project has already completed Stage One of the mine development review process which addressed, among other things, environmental concerns over Iskut River water quality and fishery stocks. The partners are obtaining the detailed licenses and permits needed to begin development.
The property is accessible only by air. However, the British Columbia government is discussing with several mining companies about sharing options for an access road into the area.
The Snip deposit contains diluted reserves totalling 1.03 million tons averaging 0.875 oz. gold per ton.
Be the first to comment on "Latest approval for Snip cents project"