Summary
The Red Mountain Gold property is located in the Skeena Mining Division of Northwestern British Columbia. The property lies 18km east of Stewart, B.C. and consists of 47 mineral claims totaling 17, 125 hectares.
The Red Mountain Project is an advanced stage gold property located on over 17,100 hectares. Expenditures on the Red Mountain Project to date have totalled approximately $40 million and include127,300 metres of diamond drilling, 2,000 metres of underground development and advanced environmental, metallurgical and engineering studies.
On June 14, 2012 an NI43-101 compliant PEA study on the Red Mountain Gold property was completed. The study considers a 1,800 tonne per day operation based on the current Mineral Resource at the Red Mountain Gold Property. Underground mining methods are proposed with the utilization of flotation and cyanidation for the production of gold dore onsite for shipment to a refinery.
Benjamin Mossman, P.Eng and CEO of Banks Island Gold is the qualified person responsible for the technical disclosure contained on this website.
Red Mountain Project - Exceptional Potential:
- Potential as a significant low-cost producing gold mine
- Excellent geometry and grade of the Red Mountains mineralized zones allow the use of highly productive mining methods
- Planned construction of a 14 km transmission line to connect the planned Bitter Creek Mill and mine to the BC Hydro electrical grid allowing low unit rates for electricity.
- Planned adit from Bitter Creek valley will allow for year-round access and a superior exploration platform in the depths of Red Mountain.
- Advanced environmental base line and engineering studies may allow for an early application for an Environmental Assessment Certificate.
- Excellent exploration potential: over 17,000 ha property with significant mineralized zones open along strike and large porphyry intrusive not explored to depth beneath Red Mountain.
