Huldra Silver Inc. has been issued a Mines Act permit for its Treasure Mountain silver mine, located approximately 29 kilometres east of Hope.
The capital cost of the project is estimated at $12 million and will provide 25 full-time jobs in the area.
“Treasure Mountain is more positive news for B.C.’s mining industry,” said Rich Coleman, Minister of Energy and Mines. “This is the fifth new mine permit towards meeting our government’s goal of eight new mines and nine expansions by 2015.”
Treasure Mountain is expected to yield 60,000 tonnes per year from an underground silver-lead-zinc mining operation. The ore will be processed at the Craigmont mine, which operated from 1962 to 1982. Craigmont will receive a permit amendment, and 10 additional jobs will be created at that site.
The production value of the province’s mining industry was about $8.6 billion in 2011.