Shoreline And Maritime Joint Ventures A marriage made In heaven so to speak .
Already, the Shorelines aggregate business is jointly owned.
And now, a much bigger project.
The tailings storage facility supporting former operations at Pine Cove, TSF1, contains inert tailings and is located adjacent to the site office complex.
My estimates are that TSF1 contains about 20,000 ounces of gold fines discharged from processing Pine Cove mining operations .
Maritime is currently working with Shoreline Aggregates Inc. “Shoreline” to schedule the beginning of reclamation work of this area in the fourth quarter of 2024. “
As we continue to strengthen our partnership with Shoreline at Pine Cove, both parties continue to realize the mutual benefits of operating on one site.
Having a company with heavy equipment and a skilled workforce operating at our site means that we are able to find creative and cost effective arrangements to execute work such as this,” added Perry Blanchard, Vice President of Environment and Sustainability.
Also, TSF2, also used for inert tailings storage during past operations, is being repurposed in support of Shoreline’s wash plant operations.
Under the direction of the facility’s Engineer of Record, Knight Piesold, TSF2 will be used for recycling of wash plant water and capture and removal of fines during Shoreline’s aggregate production.
Construction work is near completion and the facility will be ready for Shoreline’s operations in 2025. Fines containing gold which are captured in this facility will be recovered and processed in the Pine Cove mill.
As I have previously reported, the World Class Deer Cove Talc deposit is a natural adjunct to Shorelines Aggregate business, largely supplied by waste ore from Maritime's mines.
Containing gold credits to offset mining costs, there are multiple ventures for mining this talc.
This is particularly so for the aggregate business as talc is now being increasingly used for Portland cement.
With its own fleet of 55,000 ton ore carriers, Shoreline is ideally positioned to develop this world class talc resource as another Joint venture with Shoreline.
Note that this project too, if executed, would be another component
of Maritimes Hub and Spoke business model.
Firefly is already aboard and consolidation of its operations at Point
Rousse seems economically necessary to ensure enhanced operating efficiencies .
What else might emerge remains Intersting joint projects.