Environmental authorities in Saskatchewan have given Westward Explorations and partners Uranerz Exploration and Mining and Cameco permission to proceed with development of their Preview Lake project at La Ronge.
However, Westward says it is still waiting for the necessary surface leases before an exploration program designed to confirm minable reserves in the property’s Contact Lake deposit can commence.
A 90% owned subsidiary of Windarra Minerals (TSE), Westward holds a 20% stake in the Preview Lake project where minable reserves within the BKI and BK2 zones stand at 1.3 million tons of 0.24 oz. gold per ton. Cameco holds a 50% joint venture interest while Uranerz owns the remaining 30%. The Pap SW zone also contains probable and possible reserves of 544,200 tons of grade 0.36 oz.
A feasibility study states that a 700-ton-per-day operation can be built at a cost of $39 million after minable reserves have been confirmed and detailed project engineering and diamond drilling have been completed.
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