MANITOBA – The pre-feasibility study of the Reed copper deposit near Snow Lake demonstrates that indicated resources can be converted to reserves and that production by longhole open stoping at a rate of 1,300 t/d is economically viable. The project is a joint venture of Vancouver’s VMS Ventures (30%) and Toronto’s HudBay Minerals (70%).
Access to the Reed underground will be via decline that will accommodate a 60-t truck. Ore will be mucked and transported by 7.5-m3 load-haul-dumpers. Production will begin at the 260-metre level from Zones 10 and 20 and in Zone 30 from the 135-metre level. Run-of-mine ore will be transported by truck directly to Flin Flon where it will be crushed and batched through the Flin Flon concentrator. Metal recoveries are expected to be 94% Cu, 58% Au and 62% Ag.
The most recent presentation about Reed is posted at VMSventures.com.