Curragh receives Stronsay certificate

With a mine development certificate for the Stronsay zinc-lead project now in hand, Curragh (TSE) can concentrate on arranging project financing.

Although Curragh received government approval for a certificate in October, 1991, the subsequent election of a new provincial government in British Columbia delayed the final issuance of the document.

Stronsay, about 300 km northwest of Fort St. John, B.C., contains estimated preliminary reserves of 52 million tonnes grading 8% zinc and 2% lead. Capital cost for the development and construction of the underground mine is estimated at $140 million, plus $37 million for off-site infrastructure.