St. Andrew Goldfields will spend $25 million to the Holloway, Holt and Hislop gold mines - Ex... With cash in hand, people on the ground and confidence in the air, St. Andrew Goldfields officials are more than optimistic that three gold properties nearly 100 kilometres east of Timmins -
As another past producer, the Holt mine also hosts a 3,000-tonne-per-day mill, which will process the feed from the Holloway and Hislop properties as they come online.
Other past producing mines in the area represent other exploration potential for Perron, including the Taylor deposit 53 kilometres east of Timmins, which contains 500,000 ounces of gold. The Aquarius deposit, located 38 kilometres east of Timmins, covers 5,341 hectares and contains 1.1 million ounces.
"We're very happy to be in northeastern Ontario, which is a safe and solid mining jurisdiction," says Perron. "We think we have an excellent exploration upside in the camp, and we definitely believe there's a lot more gold to be found in this area."