Monday, 28th July 2008 (369 views)

Sherwood Copper has announced the government of Yukon has allowed an amendment to its Quartz Mining license.

The change will allow an increase of 28 per cent for the approved mining rate for its Minto gold mine in Yukon.

Now the company will be able to mine at the Minto Main deposit at an average annual rate of 3,200 tonnes per day, up from 2,500 tonnes per day.

Stephen Quin, president and chief executive officer of Sherwood Copper said: "We are now turning our focus to the preparation and filing of a larger permit amendment application to allow mining and processing of other high grade-copper gold deposits discovered and defined at the Minto Mine."

The company said it expects to spend under $3 million (£1.5 million) in the expansion of the phase three drilling programme at the project.

Sherwood Copper also owns the Kutcho project which it acquired in May this year after buying the Western Keltic Mines company.

 

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