Underground mine development is scheduled to begin shortly at the Samatosum mine near Adams Lake, B.C.
The mine is 70% owned by Minnova (TSE) and 30% owned by Rea Gold (TSE) which also holds a 5% net smelter return royalty on the property.
A recently completed feasibility study has identified an underground minable reserve of 88,500 tons grading 1.2% copper, 2.9% zinc, 1.7% lead, plus 29.8 oz. silver and 0.05 oz. gold per ton.
The development will proceed in conjunction with current open pit mining operations. Both open pit and underground reserves are expected to be exhausted by October, 1992.
The underground reserve is the strike extension of the open pit deposit and extends about 650 ft. beyond the pit wall before it is structurally terminated.
Development will be in the hangingwall of the deposit with portal access from the pit wall. A combination of drift cut-and-fill and longwall panel methods is planned for the mining operations.
The underground development will give the companies better access to further drill test a zone of gold mineralization located structurally below the main deposit.
The gold zone was discovered earlier this year during the detailed drilling phase for the underground feasibility study.
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