Great Bear Dixie project in northwestern Ontario is considered one of the most important Canadian gold discoveries in modern history.

The company secured rights to earn up to 90% of 28 mining claims and 1 mineral lease totaling 4,968 Hectares covering the Sherridon mining district.

B.C.’s Public Safety Minister said the scale of the flood damage in the region was “extraordinary” and efforts were now being made to remove the debris and rebuild.

The ore that contains sufficient valuable mineral to be treated by milling process is what ends up going into the processing plant compared to run of mine ore production.

The mine in British Columbia's Golden Triangle is expected to produce 1.1 moz gold and 3 moz silver over an 8-year mine life.

The company says diamond prices have shown steady improvement through the fourth quarter of 2021.