Latest news with #heapleach
Globe and Mail
4 days ago
- Business
- Globe and Mail
Liberty Gold: Advancing a Multi-Million Ounce Gold Project With Antimony Upside
A near-construction oxide gold mine in the Great Basin with added exposure to critical minerals Why This Matters Liberty Gold (TSX: LGD, OTCQX: LGDTF) is developing one of the Great Basin's most significant open-pit gold oxide deposits at a time when U.S. domestic resource supply is under the spotlight. The company's flagship asset, located in southern Idaho, holds a 5 to 8 million-ounce gold system with a completed prefeasibility study and formal mine permitting process already underway. With its low-cost heap leach model and scalable footprint, the project is on track to support future construction. Meanwhile, Liberty Gold is creating additional value with the discovery of high-grade antimony mineralization at its second asset in Utah. As global demand grows for antimony, a critical mineral used in munitions and fire retardants, the company plans to spin out this asset into a new entity—offering Liberty shareholders exposure to both gold development and strategic minerals. With strong project economics and infrastructure access, Liberty Gold is positioning itself to be a key U.S. player in both precious and critical metals. Key Takeaways: Flagship oxide gold asset with up to 8 million ounces in southern Idaho Low-cost, open-pit heap leach model with robust PFS and permitting underway Discovery of high-grade antimony at second site adds critical mineral upside Spinout planned for Utah asset, providing Liberty shareholders with added exposure Operating in mining-friendly U.S. jurisdictions with clear permitting pathways Published by
CBC
6 days ago
- Business
- CBC
Yukon regulatory charges laid against Victoria Gold prior to heap leach failure stayed
Regulatory charges laid against Yukon mining company Victoria Gold over water management and storage practices at its heap leach facility in 2022 and 2023 have been stayed. The company, in 2024, was hit with a total of 14 counts under the territory's Waters and Quartz Mining acts. Both the laying of the charges and the alleged offences, which mostly involved transferring water to the heap leach facility even when available storage was below desired levels, predate the June 24, 2024, heap leach failure that shut down the mine's operations. The Yukon government's acting chief prosecutor, David McWhinnie, stayed the charges via letters submitted to the territorial court on Jan. 24. The letters do not provide a reason for the stays. Victoria Gold is currently in receivership following a Yukon government court application last August, after concerns that the company wasn't acting quickly enough to protect the environment following the heap leach failure.
