The Newfoundland-based company says it is developing the Great Atlantic deposit with the goal of helping Canada and the US reduce road salt imports.

Channel sampling at the new discovery is underway, with initial results showing anomalous gold values of up to 4.4 g/t Au.

The project encompasses a former producing mine north of Stewart in British Columbia’s Golden Triangle.

The Côté project is on schedule and was 27% complete at the end of June.

Sibanye-Stillwater has elected not to exercise its right to take up 51% ownership of the project.

Key moves in the mining sector.