GOLD: Banks Island nears production at Yellow Giant

BRITISH COLUMBIA – The dense media separation plant has been commissioned at the Yellow Giant gold project on Banks Island, 120 km south of Prince Rupert. Owner Banks Island Gold of Vancouver said the plant will be operating full time by the end of November. The focus is now on optimization and training the crew.

The company will begin processing the stockpile from historic mining at the Bob zone and transition to underground ore in December. Mining will start initially in the upper Bob zone where high grades have been drilled – 41.5 g/t Au over 5.0 metres, 39.1 g/t over 3.3 metres and 35.4 g/t over 2.9 metres (all true widths).

Banks Island has established 24-hour mining with two shifts. About 150 metres of tunneling is needed to reach the first level of the Bob zone. Commercial production is expected in December.

Yellow Giant ore will be crushed on surface, processed through the DMS plant, and the concentrates sold and shipped overseas.

Readers wanting to view the photo gallery from the Yellow Giant can do so at BanksIslandGold.com.