NEW BRUNSWICK As the end of November is near, BLUE NOTE MINING of Montreal has provided an update on its Caribou zinc mine reopening. A recent review of the project confirms that it is on track for startup in late Q2 2007. Full production and planned metallurgical performance is expected by the end of the year. Permits for the resumption of mining and milling have been received.
J.S. REDPATH won the contract to dewater and rehabilitate the underground mine, and work has already begun. Blue Note also plans to dewater the Restigouche open pit mine.
Blue Note says the project is fully funded to production, although capital costs are expected to rise 16% from earlier estimates. In March 2006, planned capital costs were $43.1 million.
The Caribou mine is located 50 km west of Bathurst, and the Restigouche mine is 30 km further west. The Caribou mill has a capacity of 3,000 t/d.
In a separate undertaking, Blue Note has signed an option agreement covering the William's Brook property in Restigouche County, N.B. The company can earn 100% interest by spending up to $235,000 over five years.
Information about the company and its management is available at www.BlueNoteMining.ca.
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