The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
Development on the Reed copper mine outside Snow Lake is progressing. Vancouver-based VMS Ventures, a partner in the joint venture with HudBay, said the construction activity is advancing on schedule. Developments since May include: 84 per cent of the grouting for the portal entrance area is complete and this phase of the program was expected to be finished this week. Portal trench excavation has commenced with the first three metres of overburden now removed. Materials and equipment from the recently-closed Trout Lake Mine have begun arriving at the property. Neil Richardson, chief operating officer of VMS, said his company is pleased with the progress being made by Hudbay, which will operate the mine. 'The grouting program is almost complete and we expect to commence trenching the portal area later this month,' he said. Initial production at the Reed Mine is expected by the fourth quarter of 2013. Full production of 1,300 tonnes per day is anticipated by the first quarter of 2014. Hudbay provides a monthly status report to VMS, which owns 30 per cent of the project to Hudbay's 70 per cent. Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of information supplied by VMS. _ Compiled from a VMS Ventures news release
