Hope Standard, May 30, 2012

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The Hope

Standard

Javelin is popular this year with track and field athletes

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Office: 604.869.2421

w w w. h o p e s t a n d a r d . c o m n e w s @ h o p e s t a n d a r d . c o m

Carolin Mine may reopen

CRASH CLOSES FLOOD-HOPE ROAD Police cruiser collides with pickup truck near Richmond Hill

3 HUNDREDS ATTEND MAY DAY FESTIVAL The 85th annual event featured a larger parade

Kerrie-Ann Schoenit

structure is still in place, including equipment and water. Carolin Mine also has 10 kilometres of stable underground tunnels with no acid rock drainage. New Carolin Gold Corp. is currently examining potential mining plans to once again extract gold from the property. Downing said the company could choose to mine solely underground, operate underground with a small open pit at the surface, or utilize the entire area as an open pit. The ore would then be processed on site at the rebuilt mill to create a gold concentrate, which would either be sold or used to pour doré gold bars. New Carolin Gold Corp. plans on drilling this summer to confirm historical data as well as increase gold inventory. The company will also be conducting a preliminary economic assessment soon, followed by a comprehensive economic feasibility study to determine the cost of bringing the mine back into production. Meanwhile, Downing said a resource study has found 30,000 ounces of gold sitting in a permitted tailings pond on the property.

The Standard

A White Rock mining company is working towards reopening the Carolin Mine site. New Carolin Gold Corp. controls approximately 134 square kilometres in the Coquihalla Gold Belt, which is host to several past producing underground gold mines including Carolin, Emancipation, Pipestem, Ward, Aurum and numerous other gold prospects. Recent studies conducted by the company determined the property has the potential to host a multimillion ounce deposit. “With the gold price up, it makes it very attractive,” said president and chief executive officer Bruce Downing. “We already have an existing mine permit, which saves us a lot of time and money. In the world of mining today, that is a huge asset.” The Carolin Mine operated from 1981 to 1984, and closed at the end of 1984 due to poor gold recoveries, low grades due primarily to dilution and low gold prices. Ongoing logging of the property over the years has made all targeted development areas readily accessible. Thirty per cent of the previous mill infra-

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COOPER’S WINS ROTARY REGATTA Barrel crossed the finish line in less than 3.5 hours

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INSIDE Opinion . . . . . . . . . . . . 6 Community . . . . . 10 Sports . . . . . . . . . . . . 14 Classifieds . . . . . . 16 $

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Lucas Binett takes a shot at Wendy Bissky’s “Bee Bag Toss” station at Coquihalla Elementary’s sports day last Friday. After rain earlier in the week, the school was lucky to have mostly sunny weather for the school event. The men edged out the women in the adult tug-of-war at the end of the day.

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