Richmont picking up the pace at Island Gold.


Richmont Mines announced it has received provincial approval to scale up gold processing at its Island Gold Mine in northeastern Ontario.

The Toronto-based miner said it has received amendments of both its air and wastewater environmental compliance approvals from the Ontario Ministry of Environment and Climate Change.

Richmont operates the Island Gold Mine, 83 kilometres northeast of Wawa, and is advancing development of a significant high-grade resource extension at depth at the site.

The PEA for the expansion will be released in early 2017.

The amendments support a potential ore mining and processing rate increase to an average of 1,100 tonnes per day beginning in 2018.

The amendments allow processing of up to 401,500 tonnes of ore per year with flexibility for up to a maximum of 38,480 tonnes per month.

I The operation was previously permitted for up to 27,000...

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