RE:Reprocessing legacy mine tailings ..Baie Verte EconomicsWithin the exempt lands, there exists 1,5 million tons of legacy tailings containing 80,000 ounces of gold grading 1,6 grams per ton.
Another 30,000 ounces of tailings exist on non exempt lands.
For nearly three decades, no proposals have come forward to harvest these cheap gold assets due to inability to process the ore.
Now, the Baie Verte Development association has taken up the cudgel to reprocess these legacy tailings in order to bring jobs and income to a region that has not had active mining for several years.
Informationis quite sparce, but as the NL Govt is involved , one wonders if Govt funding / tax concessions might be part of a deal that might attract a proponent.
Only Maritime and Firefky have mills and mining crews, so it's either us or no proponents .l