Craigmont and Chris James team up in Merritt

Christopher James Gold (CJG-V) and privately held Craigmont Mines Joint Venture recently teamed up to explore and develop their properties near Merritt in south-central B.C.

The properties include a magnetite resource on the Brassie claim and a potential resource of gold-copper-silver on the Big Kidd property. The companies are looking at using Craigmont’s existing licenses and permitted lands for milling and processing potential ore.

Craigmont produced copper from its property from 1962 through 1982 when low copper prices forced the mine to shut down. Altogether Craigmont recovered over 600,000 tonnes of media-grade magnetite product for the coal industry, from stockpiles left over from the copper mining operation. Some 450,000 tonnes remain in the tailings, a 7- to 8-year supply. Offshore iron purchasers have also expressed interest in the company’s hematite resource in mill tailings.

The alliance allows Christopher James to cash in on the precious and base metals on its Brassie resource while Craigmont mines it for magnetite. The companies also want to process any economic material from the Big Kidd property for gold, silver and copper at Craigmont’s facilities.