Galore Creek mine explained

Galore Creek project
Pushpin Map:Canada British Columbia
Pushpin Map Caption:Galore Creek mine in British Columbia
Coordinates:57.1264°N -131.4539°W
State/Province:Regional District of Kitimat–Stikine,
British Columbia
Country:Canada
Owner:Teck Resources (50%) Newmont Corporation (50%)
Official Website:www.gcmc.ca
Acquisition Year:2018
Products:Copper, gold, silver

The Galore Creek project is one of the largest undeveloped copper-gold deposits in Canada and in the world.[1] The deposit is located in northwestern British Columbia.[1] The deposit, situated within an alkalic, silica-undersaturated igneous intrusive complex, has estimated metal contents of 12 billion pounds of copper, 10.7 million oz of gold and 183.1 million oz of silver.[1] [2] It was owned 50% by Teck Resources and 50% by NovaGold Resources until 2018, when Newmont purchased NovaGold's share.[3]

The project is currently in care and maintenance status, managing critical safety, environmental and regulatory compliance activities.[4]

Notes and References

  1. Web site: Galore Creek Gold Mine. 2013. novagold.com. 2013-07-05.
  2. Web site: Henderson . Sarah . 2018-06-03 . Galore Creek: A Complex High Grade Cu-Au Alkalic Porphyry System . gcmc.ca . PDF.
  3. Web site: Martine . Kevin . Newmont buys out NovaGold’s share of Galore Creek . CIM Magazine . 15 January 2020.
  4. Web site: The Galore Creek Project 2020 Program Update . Galore Creek Mining Corporation . 8 December 2020 . Vancouver, BC.