Ottarasko nets gold and silver

A bulk sample has netted Ottarasko Mines 365 oz. gold and 156 oz. silver.

The company mined 190 tons from its Mt. Skinner gold project, 120 miles west of Williams Lake, B.C.

The low-sulphide quartz ore was trucked 750 miles to the Premier gold mill, owned by Westmin Resources in Stewart.

Gold recovery amounted to 98.9%, and the cost — including contract mining, trucking, milling and corporate overhead — was $197 per oz., compared with a realized price of $436 per oz.

The company has a permit to mine a further 1,500 tons, grading about 2 oz. gold per ton, from underground in early 1994.

Ottarasko is seeking partners to fund further development.

The 4,300-acre project covers a mile-long system of en echelon, intrusive-hosted, shear-controlled, mesothermal quartz veins.

Print


 

Republish this article

Be the first to comment on "Ottarasko nets gold and silver"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close