QUESNEL, B.C.— A mine expansion project has been granted provincial permits, B.C. officials announced.
The province states it has amended permits that will allow the expansion of the Bonanza Ledge Underground Mine.
“Through working together, the Lhtako Dené Nation and Osisko Development Corporation are supporting 140 local jobs, bringing economic development to the Cariboo, and positioning British Columbia as a critical partner in the global supply chain,” said Bruce Ralston, minister of energy, mines and low carbon innovation, in a statement. “The Bonanza Ledge II project is a prime example of how mining partnerships between industry and First Nations are advancing our environmental, social and governance goals, by training the next generation of miners in the region and adhering to our province’s leading environmental regulations.”
Lhtako Dené First Nation and Osisko Development Corp. collaborated during the application process for amendments to the specific Mines Act permits.
“The Bonanza Ledge II project receipt of permits marks another milestone in what has turned out to be a very beneficial partnership between Lhtako Dené Nation and Osisko Development Corporation,” said Chief Clifford Lebrun of the Lhtako Dené First Nation. “This partnership illustrates that First Nations and industry can work together in a good way for the benefit of both partners, economically and with community growth for Wells, Quesnel and the Lhtako Dené Nation. It’s more than jobs and contract opportunities or training, it’s the development and growth of all three communities, and all the ones in between that is important here.”
The Mine sits on Barkerville Mountain near Wells. Once mined, the gold ore will be processed at the QR Mill near Quesnel. The anticipated mine life of BL Phase II is approximately three years. The expansion of the Bonanza Ledge project allows for continuity of mining while the Cariboo Gold Environmental Assessment proceeds.
The Bonanza Ledge II deposit is located within the broader Cariboo mining camp, which is totally owned by Osisko Development. The $433-million Cariboo Gold Project is undergoing environmental assessment under B.C.’s Environmental Assessment Act (2018).
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