Gowest Gold claims it's on the final step towards receiving the commercial mine production permit for Bradshaw Gold Deposit in Timmins.
The Toronto mine developer claims it's received all the environmental permits required to bring the mine into commercial production.
The mine production closure plan has been submitted to the province. Gowest said it still requires "additional funding to meet its operational objectives" and is in contact with "interested parties" to complete one or two more financings needed to bring Bradshaw into production.
The company said construction required for production mining is well underway.
The company has stockpiled 28,000 tonnes of gold-bearing ore on the site and plans to mine 15,000 tonnes of stope ore as part of an advanced exploration bulk sample program. The ore will be trucked to Northern Sun's Redstone Mill for processing.
“We are more confident than ever that we are on the verge of seeing the Bradshaw gold deposit as a new gold mine in the Timmins camp within the coming year," said Gowest president Greg Romain in a Sept.16 news release.
The deposit contains an indicated resource of at 2.1 million tonnes, grading 6.19 grams per tonne gold, containing 422,000 ounces, and inferred resource of 3.6 million tonnes, grading 6.47 gram per tonne, containing 755,000 ounces.
Bradshaw is part of Gowest's 10,942-hectare North Timmins Gold Project, north of the city and east of the Kidd Mine.