Nord Reviews Historic Feasibility Study for 325,000 oz Silver Per Year at Gowganda
Nord Precious Metals has identified a 1987 feasibility study projecting 325,000 ounces of silver production annually over seven years from tailings at the Gowganda property, with confirmatory testing underway.
Nord Precious Metals Mining Inc. has reviewed a historic feasibility study from 1987 that outlines a plan to produce 325,000 ounces of silver per year over seven years from tailings at its Castle-Gowganda property in Ontario.
The study, completed by Kilborn Limited in April 1987, documents approximately 2 million recoverable ounces of silver at an 85% metallurgical recovery rate, with a process design of 1,000 tonnes per day. Financial projections were based on silver prices of US $6 to $12 per ounce, a fraction of current levels. Nord has now begun confirmatory metallurgical testwork and an updated resource estimate to validate the historic data.
For precious metals traders, this development highlights the potential for new silver supply from tailings reprocessing, which could influence market dynamics if brought into production. Tailings projects often have lower capital costs and faster timelines than traditional mines. Traders can track silver price movements on NowPrice's live silver dashboard to gauge market reaction to supply-side news.
Investors should watch for results from Nord's confirmatory testwork and the updated resource estimate, which will determine the economic viability of the project under current silver prices. A positive outcome could attract further investment and potentially add to global silver supply in the coming years.