Estimated $3 billion gold deposit found in North Washington
Estimated $3 billion gold deposit found in North Washington
A north Washington town may hold a gold deposit worth more than $3 billion.
Canadian mining company Calibre Mining Corp reported finding a high-value gold deposit on company-owned land called “The Golden Eagle”. The town of Republic, Wash. sits only three miles away.
“The first phase of this drill program confirms a robust mineral system with consistent gold grades over broad widths,” said Darren Hall, President and Chief Executive Officer of Calibre.
Calibre conducted an initial drill and estimated a 2 million-ounce deposit might be underground. In current market value, an ounce of gold is worth more than $1,800, and the deposit’s estimated value could come out to more than $3 billion before extraction costs.
“Golden Eagle is a meaningful contributor to the Company’s overall mineral resource estimate with 2.0 million ounces in Measured and Indicated Mineral Resource, adding positively to our organic growth strategy,” Hall said.
Republic is a historic mining town, but its last gold mine, Kinross’ Buckhorn, closed in 2017. Its most active years were from 1898 to 1947, with the Mountain Lion Mine. According to Calibre, the Republic area has produced about 4 million ounces of gold over the past 130 years.
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https://www.king5.com/article/news/local/washington/canadian-mining-company-finds-3-million-gold-deposit/293-4ac0280d-d117-449f-8107-97cfd00d17e1
Stop putting stuff like this in the news keep this stuff quite 🤦♀️
Click bait
I want to go to there.
That’s my HOME TOWN!
The state will soon be like Deebo…"That’s my Gold"
Time to try out my new metal detector!!!
REPARATIONS IN THEM THERE MINES
Belongs to the Colville Tribe! They already got robbed for 100 years of gold mining… What right do the BLM have to sell the minerals in Native Ceded land?
Start looking for 7 eleven sites.
There goes the neighborhood!
I’m sure inslee thinks that’s half his gold to spend.
electrify my gold tooth….
Your fish and wildlife pamphlet talks about recreational pannin’. That’s suppose to be a form of your permit. But it’s not enforced. Just don’t use jet dry. 😉✌ please. Ty
Where’s it at I’m on my way now!