Silver Lake sees opportunity for Sugar Zone ‘reset’

24th November 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Australia-based gold mining firm Silver Lake Resources continues to believe in the potential of the Sugar Zone mine, in Ontario, Canada, says chairperson David Quinlivan.

The company, which in early 2022 bought the mine when it was under creditor protection, has made capital investments in the mine to upgrade core underground and surface infrastructure.

The next key component of its plan for Sugar Zone in the current financial year entails an investment in a 93 000 m drill programme on prioritised grade control, resource definition and advanced exploration targets both within the mine and regionally on its prospective land holding in the province.

“Silver Lake believes there is significant opportunity at Sugar Lake for a strategic ‘reset’ at this operation through the application of more efficient operating practices and further discovery,” said Quinlivan on Friday.

In August, Silver Lake ceased mining at the gold mine to implement its “reset” plan.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION