VANCOUVER — Junior Midas Gold (TSX: MAX; US-OTC: MDRPF) has invested a lot of time and capital in carving out a promising development scenario at its rebranded Stibnite gold project 16 km east of Yellow Pine, Idaho. The company’s most important journey is about to begin, however, as it prepares to kick-start the environmental permitting process at the brownfield site.
Formerly known as the Golden Meadows project, Stibnite has over 100 years of exploration and mining history. Midas has dusted off the old data and chipped in a significant amount of new exploration work to pull together a sizeable gold resource that stretches across three open pit deposits, namely: Yellow Pine, Hanger Flats and West End.
In mid-December the company released the culmination of its work in the form of a pre-feasibility study (PFS) that models a US$970-million development, which would produce around 388,000 oz of gold annually over a 12 year mine life. More importantly, however, the company has also orchestrated a plan to deal with Stibnite’s legacy issues, which include the protection and re-establishment of an upstream fishery.
Read the complete article at NorthernMiner.com/news/midas