Venerable Ventures’ (TSXV: VLV.H) new resource for the old Minto mine in the Yukon has more than doubled contained copper and gold over the 2005 estimate as the owners create a new company with the Selkirk First Nation (SFN).
The update outlines 12.6 million indicated tonnes grading 1.2% copper, 0.46 gram gold per tonne and 4.3 grams silver for 334 million lb. copper, 187,000 oz. gold and 1.7 million oz. silver, Venerable reported late Monday. Inferred resources total 23.7 million tonnes at 1.05% copper, 0.38 gram gold and 3.9 grams silver for 547 million lb. copper, 295,000 oz. gold and 2.97 million oz. silver. Minto sits on SFN traditional territory and is about 240 km northwest of Whitehorse
“Upcoming drilling will target expansion and conversion of the open-pit and underground mineral resources at Minto, particularly around the high-grade Minto North area,” Venerable Ventures’ strategic…
