Halifax Company Confident In Northern Gold Mine

Halifax Company Confident In Northern Gold Mine

Wednesday, June 10, 2009 at 14:28

The president of a Halifax-based mining company says he is hoping to recover as much as 90,000 ounces of gold from a mine in Northern Saskatchewan.

Wade Dawe, the president of Linear Gold, says he also hopes to create 60 to 80 jobs, once a mine is up and running near Uranium City.

The company recently purchased the Goldfields Project from G.L.R. Resources.

Dawe says the mine first began operating in 1938 and closed in 1942.

During that time, miners dug out 70,000 ounces of gold.

Dawe says he’s hoping to wrap up the paperwork over the sale by the end of this month, and proceed after that.

Even if the price of gold collapses, Dawe says he’s confident the project will proceed.