Goliath gold mine project

The Goliath Gold Project is located 20km east of the city of Dryden in northwestern Ontario. The 2018 Technical Report details the proposed mine life to extend 13 years with two years of pre-production development. The project is designed to utilize open pit and underground mining methods in an effort to maximize the gold profile. Surface mining will stretch for seven years of the mine life while underground mining will start in the second year of production and continue for 11 years until the end of the project. The project is designed to utilize open pit and underground mining methods in an effort to maximize the gold profile. In August 2020, Treasury Metals acquired 100% of the Goldlund project, which is located 35km by road from the Goliath property. The combined project is said to hold around 2 million ounces of gold that will be extracted over 12 years at an average of 100koz per annum.