Tuesday, February 2, 2010

Gold Mine in Works


Rainy River Resources says it will have a better indication on its plans for a gold mine in the Rainy River district by end of this year or early next.

Outlining the company's plans to delegates attending the Rainy River Municipal Association meeting on the weekend, vice-president Garett MacDonald said the company is embarking on technical and environmental studies to help them in that decision.

"By the time we get through the technical evaluations often these projects can take two years to construct from the time we decide to build them," said MacDonald. "Prior to that of course, the environmental assessment has to happen. So if everything goes well, the project could be in production by 2014."

MacDonald said they've also explored about 30 per cent of the area northwest of Emo to date. far.