Friday, August 31, 2012

Preliminary Economic Assessment On Rainy River Gold Project


Rainy River Resources is projecting higher grades and lower costs for its gold mine project north of Barwick.

The company has released a revised preliminary economic assessment for its project.

It's projecting annual production of 308-thousand ounces of gold and 478-thousand ounces of silver in the first ten years of a combined open and underground mine.

It's targeting to begin open pit mining in 2016 and an underground operation two years later.