New ore zone for Geodome at gold project in Idaho

Discovery of a new ore zone is reported by Geodome Resources at its gold project near Hailey, Idaho.

The company says the new zone was discovered through its U.S. subsidiary, Sunbeam Mining Corp., as the result of the latter’s recently completed drill progrs discovered through its U.S. subsidiary, Sunbeam Mining Corp., as the result of the latter’s recently completed drill program.

The zone is outside of and to the north of its proposed open pit mine, Geodome says, and requires drilling and sampling because the zone is open and undelineated on several sides.

The company expects its final feasibility study by the end of February. Construction and preproduction stripping would start in the summer this year, with gold production beginning late this year or early next. Drill proven res erves are estimated at 4,000,000 tons of 0.07 oz gold per ton.

A year-round vat leaching plant is planned to eliminate the effects of cold weather and environmental concerns.

Geodome has applied for listing on the Toronto Stock Exchange, and expects approval “in the near future.”