Tombill Mines holds 100% interest of the patents/claims adjacent to the Greenstone Mine. This property is surrounded by Equinox Gold's hard rock project. Equinox's project features a 5.5Moz proven and probable resource in addition to a 6.5Moz underground resource that is present along the shared border with Tombill Mines. A resource of 2.1Moz was mined at this site between the 1930s and 1970s.
Tombill Mines congratulates its neighbour Greenstone Mines, and its investors Equinox Gold and Orion Mine Finance on the start of construction of the Greenstone Mine. With the commencement of its mining phase in late 2022, the pouring of gold in first half 2024, annual production of more than 400,000 oz Au over its first five years of operation, and a contemplated mine life of 14 years, the Greenstone Mine will be one of Canada’s largest gold mines. It is satisfying to see a tradition of mining gold in the Geraldton Gold Camp that stemmed from the late 1930’s to 70’s re-emerge under a talented group.
The Mine will be a cornerstone asset for Equinox Gold and a transformative project on many levels, especially for Northern Ontario and the Geraldton region.
Tombill Mines holds 100% interest of the patents/claims adjacent to the Greenstone Mine, and the extension of the prolific F-Zone and surrounding mineralization plunges westward from the Greenstone Mine onto Tombill Mine’s ground. Adam Horne, Tombill’s CEO commented, “We welcome the re-awakening of the Geraldton Gold Camp. The investment committed, scale of the Greenstone Mine resource, the various important partners that have supported and contributed to this project, and the fact there is a strong legacy of gold extraction suggests history will repeat itself in the Geraldton Gold Camp.”
Equinox is spending $1.3Bn to develop a mill and tailing pond on-site over a period of 1.5-2 years. Following this, Equinox's mine would officially begin operations.