GANDER, Newfoundland The former Beaver Brook antimony mine has been sold to VVC EXPLORATION of Toronto. The purchaser paid the equivalent of $17 million for the property formerly owned by ROYCEFIELD RESOURCES.
VVC says Beaver Brook is one of the world's largest unmined antimony deposits. Roycefield completed underground development and a mineral processing plant in the late 1990s, but was forced to put the project on care-and-maintenance in 1998. If VVC succeeds in reopening it, this would be the only antimony mine in North America, supplying perhaps 5% of the world's annual demand.
Measured and indicated resources are estimated at 1.94 million tonnes grading 4.32% Sb using a 2% cut-off grade. The VVC web site is under construction at www.vvcexploration.com.