RE:RE:reservesHere are some "real" reserves, cherry et al. Eat your hearts out.
Western Copper and Gold Corp, WRN, 94 million shares out (132 million less than BGM)...and it's yours for 43 cents
A much larger copper-gold development project near Kaminaks Coffee deposit offers the chance for a jobs bonanza that could provide a major boost to the Yukon economy. But Western Copper and Golds Casino mine plan faces permitting and logistical hurdles including the construction of a 130-kilometre road.
Western is working with the Yukon Environmental Socio-economic Assessment Board (YESAB) on permitting after filing a 22-year mine plan in January 2014. The assessment board will issue a recommendation to government.
Casino is one of the largest undeveloped copper-gold deposits in Canada, with a reserve and resources of about 17.9 million ounces of gold and 9.9 billion pounds of copper (including inferred).
This operation will contribute more than $9.7 billion in GDP to the Canadian economy over the life of the mine, said Western president and chief operating officer Paul West-Sells.
Construction would require about 1,000 workers, and about 600 full-time workers would run the mine, according to West-Sells big numbers in a territory with a population of just 37,000.
The mines price tag is substantial too, almost $2.5 billion, and Westerns search for a financing partner has taken West-Sells on several marketing trips to Asia. Concentrate would be trucked to Skagway, Alaska, where miners arrived by boat 115 years ago to hunt for treasure.
While aspects of the Casino plan echo the past, its power source is a nod to the future. A Casino mine would be powered by an LNG power plant fed with LNG trucked to the site from Fort Nelson, B.C.
Natural gas is cheap, clean and easy to generate in the North, West-Sells noted.
The power plant would not be the first in the territory Whitehorse recently opened an LNG power plant that replaces diesel generators, providing backup power during peak times and outages.
The failure of Imperial Metals Mount Polley tailings dam a year ago thrust environmental concerns to the forefront at Westerns Casino, where the mine plan calls for a large tailings facility.
In response to the elevated concern from Yukon First Nations and regulators after Mount Polley, Western voluntarily brought in an independent geotechnical review team to evaluate the tailings dams engineering and design, West-Sells said.
Read more: https://www.vancouversun.com/charging+into+yukon+gold+rush/11400281/story.html#ixzz3nATJzyd2