Brookmount Explorations has finalised its development plan and expects to begin production in summer 2022 at its Moosehorn gold property in northern British Columbia.
Initial production will be 4,000 ounces of gold per annum, increasing to a target of 15,000 gold per annum in 2024. Drilling and production rollout is projected to cost C$5.5 million.
Brookmount will need to update existing infrastructure on the property and hire additional workers before launching production on the property.
Due to the high latitude of the Tintina gold belt, Brookmount will need to install the heavy equipment in the five months before March 2022, Brookmount chief executive Nils Ollquist said.
The Moosehorn property has a confirmed NI 43-101 resource of 39,000 ounces of gold. Brookmount aims to extend drill density and depth to upgrade the confirmed resource to 100,000 ounces of gold.
Brookmount currently operates a gold mining operation in the Sulawesi province of Indonesia, and has recently acquired a 4,300-hectare gold property on the Tintina gold belt in Yukon.
