A former executive of Placer Dome (TSE) was recently appointed as a managing consultant to Skyline Gold (TSE), a Vancouver-based junior which owns the Johnny Mountain gold mine in northwestern British Columbia.
Cliff Grandison, a former vice-president of corporate development at Placer Dome who played a role in the Mt. Milligan and Eskay Creek acquisitions, will be involved in Skyline’s restructuring. He will also direct efforts to develop existing properties and new opportunities.
Skyline’s Johnny Mountain mine produced gold, silver and copper for just over two years before closure in September, 1990. The company was unable to operate the mine profitably because of various operating problems, a lack of developed reserves, and high costs associated with a lack of road access. A 38-km portion of the Iskut Valley road has been completed from Highway 37 to Volcano Creek, but completion of the western portion to the Iskut River region is reported to hinge on the approval of Cominco Ltd., the operator of the Snip mine.
Skyline’s 22,000-acre land package near and adjacent to the Snip mine is considered to have potential for additional gold reserves at past production grades (0.6 oz.), possible extensions of the Snip shear vein system, as well as a bulk-tonnage copper-gold porphyry system. Only 20% of the land package has been explored.
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