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Wednesday, 31st March 2004 (4639 views)

A Canadian firm is set to develop the largest gold deposit in the whole of North America.<BR/><BR/>The site, near Lake Iliamna, is described as "world class" by Northern Dynasty Minerals, which was among several companies to stake claims in area last year. <BR/><BR/>Company spokesman Bruce Jenkins said the location is thought to contain up to 26.5 million ounces of gold.<BR/><BR/>The firm has now set aside more than $15 million to develop the location and is set to commence additional mapping of the site and preliminary environmental work. <BR/><BR/>Mr Jenkins said that whilst care would have to be taken to ensure local environmental sites were untarnished, the potential was massive.<BR/><BR/>"It's not without its challenges," he told the Peninsula Clarion. "There are several major stream systems in the area. We won't just let the engineers go in and (plan the mine) independent of the environmental concerns."

 

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