BRITISH COLUMBIA – Golden Dawn Minerals
of Vancouver has received the necessary permit to dewater the Lexington-Grenoble gold-copper mine 3 km west of Greenwood. As well as draining the mine, the company is allowed to discharge water during underground test mining. Dewatering will begin in late April or early May.
[caption id="attachment_1003717882" align="alignleft" width="300"] Adit of the Lexington gold-copper mine that Golden Dawn plans to dewater and test mine.
The Lexington-Grenoble mine that saw an eight-month period of production in 2008 until the economic crash made it impossible for the then-owner to get funding. The mine has been on care and maintenance since.
The resources were updated in 2016. The measured and indicated portion is 372,000 tonnes grading 6.47 g/t gold and 1.05% copper or 8.05 g/t gold equivalent. The inferred portion is 12,000 tonnes at 4.42 g/t gold and 1.03% copper or 5.96 g/t gold equivalent. The M&I resources contains 96,300 oz. of gold equivalent.
The Lexington-Grenoble mine is within 15 km of the Greenwood processing plant. The mill has a capacity of 200 t/d, expandable to 400 t/d. The permitted tailings management facility can contain 600,000 tonnes.
Golden Dawn optioned the Greenwood mill, as well as three mines in November 2016. Please see www.GoldenDawnMinerals.com