11:54 AM EST - Chieftain Metals Inc. : is set to begin construction at the Tulsequah Chief polymetallic deposit in northwestern British Columbia. The company is gearing up to take that step after releasing the results of a 43-101-compliant feasibility study that envisages pre-production capital costs of $439.5 million. The study is based on a 2,000 tonne-per-day underground mining operation with an expected nine-year mine life and probable reserves of 6.45 million tonnes, grading 2.30 grams per tonne gold, 81.38 grams per tonne silver, 5.59% zinc, 1.12% copper, and 1.04% lead. Chieftain Metals Inc.
shares T.CFB are trading up $0.01 at $2.60.
