A feasibility report recommends bringing the Mt. Nansen gold-silver property near Whitehorse, Y.T., into production at 50,000 equivalent oz. gold per year.
Operating costs are expected to be US$236 per oz. The owner, BYG Resources (CDN), is considering construction of a stand-alone pressure oxidation plant and a custom milling operation to handle sulphide ores.
As well, BYG plans to expand its flotation mill near Whitehorse. With the addition of a cyanide circuit, the mill will be able to treat 500 tonnes of free milling ore per day.
BYG has also started a 5,000-ft., 15-hole diamond drilling program to delineate proven and probable reserves from several zones at Mt. Nansen. To date, 10 holes have been drilled and results are pending.
In other news, the company has opted to acquire a 51% equity interest in Omni Resources (VSE) by spending $2.7 million on engineering and metallurgical work on Omni properties over the next three years.
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