A recent agreement between Columbia Gold Mines (VSE) and the Goldstream mine joint venture will provide for test milling and concentrating of gold reserves from Columbia’s Tillicum property near Burton, B.C.
Over $12 million has been spent on the Tillicum project (formerly known as Esperanza) to date. At last report, the project had preliminary reserves totalling 507,000 tons averaging 0.32 oz. gold per ton, with additional inferred tonnage potential.
The initial shipment will be made to the Goldstream mill near Revelstoke, a joint venture between Goldnev Resources (VSE) and Bethlehem Resources (TSE). The Goldstream mine is a former copper-zinc producer that was brought back into production earlier this year by the two companies.
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