46
W I N T E R 2 0 1 5 Photographs : Government of British Columbia
PRECIOUS METALS
Banks Island Gold Ltd. produced gold-silver concentrate
from its Yellow Giant project until July, when the mine was
shut down. Underground mining occurred at the Tel, Bob and
Discovery deposits, and ore was processed on site using a dense-
media separation plant and grinding and flotation circuits. An
amendment to the company's Mines Act permit is required
before activities can resume.
Pretium Resources Inc. received an initial tranche of $540
million to finance construction of its high-grade gold Brucejack
project and is on schedule to achieve production by 2017. Site
construction, underground development and the balance of
40,000 metres of infill drilling will continue into 2016. Surface
exploration drilling at nearby prospects returned high-grade
gold values, including 0.5 metres grading 8,600 grams per tonne
gold over one kilometre laterally from the Valley of the Kings
zone, where Pretium has outlined a gold reserve and resource.
Metal Mountain Resources Inc. and its subsidiary Gavin
Mines Inc. partnered with Grace Mining Inc. to keep the
Dome Mountain gold mine project financed and poised for
construction upon receipt of an amended Mines Act permit,
expected before 2016. A winter drill program targeted exten-
sions of the Boulder, Footwall and Argillite veins.
Ascot Resources Ltd. started investigating selective high-
grade gold bulk sampling at the past-producing Premier mine.
Drill results returned several intercepts grading between 250
and 1,000 grams per tonne gold over 0.9 to 1.0 metres. One
SKEENA
Overlooking Pretium Resources
Inc.'s Brucejack gold project in
full-scale construction.
