Regina-based Thyssen Mining Construction of Canada has been awarded a contract to commence the Phase II decline development on Vista Mines’ Rio project.
A total of four Canadian companies submitted bids on the proposed 1,000 ft of ramp continuation on the project which is located 3.5 km southwest of Creighton, Sask.
Probable and geologically inferred reserves on the property currently stand at 600,000 tons grading 0.2 oz gold per ton.
When the ramp is completed, Vista will be able to explore on lower levels of the mine and further drilling will upgrade ore reserves. Phase II consists of 20,000 ft of drilling, including underground drilling and will be completed this summer. The decline development project was expected to start on July 20.
Thyssen Mining Construction will work with Coombe Geoconsultants of Regina on this project.
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