Centerra’s Kemess project in north-central British Columbia. Credit: Centerra Gold
Centerra Gold (TSX: CG; NYSE: CGAU) has issued a resource update that increases by more than 10 times the tonnages at its Kemess project in the Toodoggone district of north-central British Columbia.
Inferred resources now total 169,260 tonnes grading 0.41 gram gold for 2.2 million contained oz., Centerra said Tuesday. This dwarfs the 209,000 oz. in the previous resource.
The update also pegs indicated gold at 192,990 tonnes grading 0.44 gram gold per tonne for 2.7 million ounces. That represents a 39% drop in contained oz. from the previous resource from December 2023. Kemess is about 250 km northeast of Smithers.
“We are moving forward with a preliminary economic assessment on Kemess, using an open pit and long hole open stoping underground mining concept, which is expected to be completed by the end of 2025,”…
