High gold prices, land use agreement spark interest in Yakoun gold

  • Feb. 15, 2008 5:00 p.m.

By Heather Ramsay–With record high gold prices, the deposit near Port Clements has been sparkling in the eyes of Taseko Mines Limited ever since the signing of the Strategic Land Use Plan. The deposit, known as the Harmony Gold project to the Vancouver-based company, falls into an area south of Port Clements designated for mineral development under the agreement signed by the province and the Haida in December. Brian Bergot, in investor services with the Toronto Stock Exchange-listed company, says his company has done no work on the Graham Island deposit to date, but reviews of historic engineering and metallurgical work is underway. “If we were to pursue the project there would be environmental permitting and work with First Nations to do,” he says. Mr. Bergot said that prior to Taseko taking over the three million ounce gold deposit in 2001 from Misty Mountain Gold, all exploration work had been completed. “It’s a very nice project that’s been sitting idle for a number of years,” he said. Gold prices are at $900 an ounce, an all time high, says Mr. Bergot. In the 1990s, which was around the time the project was dropped, gold prices were as low as $300 an ounce. Mr. Bergot says the two main challenges for developing the gold deposit have been environmental and First Nations concerns. He believes technological advances may lessen the environmental concerns, but its too early to say what type of mining may be used. According to the Observer archives, (by way of Frank Collison’s article in the book, Yakoun – River of Life), gold was first discovered in the Yakoun Valley by a MacMillan Bloedel faller in 1970. Development began in 1980, after the faller sold his claim, and various owners worked on the mine throughout the 1980s and 90s. Taseko also owns an operating copper molybdenum mine and has been focusing resources on a undeveloped gold-copper deposit, both of which are near Williams Lake.

Just Posted

Houston homicide suspect remanded in custody

A Houston man accused of the second degree murder of Elija Dumont… Continue reading

Council briefs: The Village of Queen Charlotte

More money for village in third-quarter, new equitable gift giving policy

William Griffin arrested in Houston homicide

RCMP have now arrested William Griffin, the man wanted in connection to… Continue reading

Family of Terrace man killed in hit-and-run plead for tips, one year later

Cameron Kerr’s family says the driver and passengers tried to cover their tracks

Bye bye Bei Bei: Giant panda born in U.S. zoo heads to China

Panda heads back to China as part of cooperative breeding program

B.C. man gets life with no parole until 2042 for murder of Belgian tourist near Boston Bar

Sean McKenzie pleaded guilty to second-degree murder of 28-year-old Amelie Christelle Sakkalis

‘Very disrespectful’: B.C. first responder irked by motorists recording collisions on cellphones

Central Cariboo Search and Rescue deputy chief challenges motorists to break the habit

Daily cannabis linked to reduction in opioid use: B.C. researchres

Researchers looked at a group of 1,152 people in Vancouver who reported substance use and chronic pain

Bids down, costs up on Highway 1, B.C. independent contractors say

Rally protests NDP government’s union-only public construction

Members of little people community applaud change to drop ‘midget’ term

‘It’s not about sensitivity,’ says Allan Redford, the president of the Little People of Canada

Little progress in preventing sudden infant deaths since last report: BC Coroner

Coroners panel studied 141 sleep-related sudden infant deaths between 2013 and 2018

B.C.’s ‘Dr. Frankenstein of guns’ back in jail yet again for trafficking in Glock parts

Bradley Michael Friesen has parole revoked for allegedly importing gun parts yet again

B.C. woman suing after laser hair removal leaves her with ‘severe’ burns, scarring

Nadeau felt ‘far more pain’ than usual during the treatment

Most Read