Now that ownership rights to the northern Saskatchewan claims hosting the Jasper gold mine has been settled, Cameco and Shore Gold Fund (ASE) are moving to bring the property into production by April 1. After securing the interests of Golden Rule Resources (TSE), International Mahogany (TSE) and Goldsil Resources (VSE) in the Fork Lake and Transom Lake gold properties, Cameco holds an 80% project interest, while Shore Gold retains 20%.
With geological reserves standing at 175,000 tons grading 0.72 oz. gold per ton, the partners are set to explore via surface and diamond drilling for extensions of the Jasper deposit.
Also, Cameco and Shore Gold are leasing the nearby Star Lake mill, where ore from the Jasper mine is scheduled to be processed. Hiring of employees has also commenced, and the partners are expected to take possession of the mill by March 1.
The Star Lake mill is eight miles from the Jasper mine.
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