This appeared in yesterday's daily commercial news. This is good advertising. Estimated cost of development is 1 billion.
http://dcnonl.com/cgi-bin/top10.pl?rm=show_top10_project&id=5ac9ab98bde264cf3b3fec291e80bb9c133cf6ae&projectid=9142667®ion=ontario
| MINING DEVELOPMENT |
Proj: 9142667-1 |
| Kenora District, ON |
CONTEMPLATED |
| Eagle's Nest - Ring of Fire, McFaulds Lake Area, P0L |
| Note: |
Noront carried out technical studies and a Preliminary Economic Assessment of this project which resulted in positive conclusions. There is currently a pre-feasibility study underway which consists of metallurgical testwork, geotechnical studies, hydrological studies, mining, environmental studies, and processing and infrastructure designs. The pre-feasibility study is expected to be completed by the end of this year with a final feasibility study being completed in 2012. Further update early 2012.
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| Project: |
proposed mining development in Northern Ontario's 'Ring of Fire' which is centred around McFaulds Lake, Kenora District. Eagle's Nest is Noront's most advanced project. Is a magmatic sulphide deposit with an estimated 1.8 million tones of measured resource and another 1.1 million tones of inferred resources. The resources grades have exceeded 2.0% nickel and 1.0% copper as well as 1.04 grams per tonne of platinum and 3.55 grams per tonne of palladium. This project will consist of a 1.0 million tonne per annum underground mine, processing mill complex, accommodations for employees, recreation complex, offices, explosive storage site, site roads, and an air strip. |
| Development: |
Engineering |
| Category: |
Misc engineering; Processing plants; Commercial offices; Roads |
| Owner |
Complete information is available to subscribers. Click HERE to find out how to subscribe. |
| This report Mon Aug 22, 2011. |
