Stock mill begins custom milling

The Stock mill near Matheson, Ont., has begun operating again after a suspension of nearly three years.

The mill, which is owned and operated by St Andrew Goldfields (SAS-T), recently began milling ore from Exall Resources’ (EXL-T) Glimmer gold project, about 30 km to the east. Exall has a 65.5% interest in the Glimmer property, with Glimmer Resources (GME-V) holding the remainder.

Under a 3-year agreement, St Andrew will mill a minimum of 150,000 tonnes per year. The first ore was fed to the grinding and leaching circuit in late March at an initial daily rate of 500 tonnes. That rate is expected to increase by 300 to 800 tonnes over the next three months.

At last report, the Glimmer property hosted 499,490 tonnes averaging 11.14 grams gold per tonne.

The mine, which Exall hopes to start up in July, will produce 65,000 oz. gold per year at a cash cost of US$220 per oz. The deposit remains open at depth and along strike