GOLD: TMAC completes permitting for Madrid and Boston projects

NUNAVUT – With the receipt of Type A water licences, Toronto-based TMAC Resources has completed the permitting of its Madrid (both north […]
TMAC poured its first gold at the Doris mine in February 2017. (Image: TMAC Resources)

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[caption id="attachment_1003726506" align="aligncenter" width="482"] TMAC poured its first gold at the Doris mine in February 2017. (Image: TMAC Resources)[/caption] NUNAVUT – With the receipt of Type A water licences, Toronto-based TMAC Resources has completed the permitting of its Madrid (both north and south) and Boston gold deposits. The Minister of Intergovernmental and Northern Affairs approved the licences, as recommended by the Nunavut Water Board. The company spent last year ramping up production at its first mine on the Hope Bay property – Doris. This year will see the company balance optimization of established operations with development activities. Madrid North will be the next gold mine, and the Doris mine will begin to move underground. The Doris water licence was amended to allow expansion of the Doris tailings management facility to 18 million tonnes from 2.5 million tonnes to accommodate Madrid tails. Permits have also been obtained for alternative wind power generation, expansion of TMAC’s port facility, and surface mining of the Madrid and Boston crown pillars. Visit www.TMACresources.com to find the latest reserve and resource numbers.

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