Feasibility study finds Lynn Lake glitters with gold
Positive results for precious metal play
Bill Redekop By: Bill Redekop
Posted: 12/14/2017 9:10 PM | Comments: 4
Northern Manitoba is getting some good news for a change, with the announcement a gold mine is a step closer to becoming reality in Lynn Lake.
A feasibility study for Alamos Gold Inc. of Toronto released Thursday estimates two open-pit mines near the northern Manitoba town could yield 1.6 million ounces of gold.
The capital cost to build the mine is estimated at US$338 million, with a potential after-tax return of US$123 million, based on the price of gold at US$1,250 an ounce.
While an Alamos spokesman cautioned there is still a process for the company to go through, a positive feasibility study is usually the catalyst for mine construction.
https://www.winnipegfreepress.com/bu...464287613.html
the study is located here was reading this my self last night
http://www.alamosgold.com/news-and-m...t/default.aspx