Tweet from Matt Manson...Today we announced our intention to take the Valentine Gold Project to construction. Gold showings at Valentine Lake area in central NL were first discovered in the late 1980s. MOZ began its exploration in 2010.
Our Environmental Assessment began in 2019 and our Feasibility Study was completed in 2021. Our community engagements have been ongoing throughout and our exploration efforts have continued to grow the resource. Now, after all this work, we have a project ready to build.
We are proposing to do this in a still challenging but, we believe, an improving market. We are guiding to the impact of 20 months of inflation on our cost to complete estimate. This estimate also incorporates caution on the best way to develop this mine. No sugar coating here.
But, we are confident in the technical merits of this project. We are confident in gold. We are confident in this project’s capacity to grow. We are confident in our team. And, we are confident in Newfoundland and Labrador.