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Tuesday, 30th October 2007 (1859 views)

Plans leading to the establishment of a gold mine in Cheshaw, Washington, have received approval from the forest service, it has been reported.

According to the Associated Press, the Okanogan and Wenatchee National Forests approved the construction of roads, underground pipes and a water filtering system for the Buckhorn Mine, to be operated by Toronto's Kinross Gold.

The gold producer has been granted the right to rebuild or add 7.5 miles to facilitate the hauling of ore from the mine to Republic's Kettle River Mill.

Some 1.2 million oz of gold are said to be intended for extraction at the project over a period of eight years, with about 190 people from the counties of Okanogan and Ferry expected to be employed.

Pending remaining environmental permits, the company hopes to begin mining at the site in 2008.

Kinross Gold states that it is the eighth-largest primary gold producer in the world, with the fifth-largest gold reserve base in the sector.

 

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