Toronto-listed Monarch Gold is studying the use of freight rail operator Ontario Northland Railway’s infrastructure to move ore from its Wasamac gold project, in Val d’Or, Quebec, to Glencore Canada’s Kidd concentrator, in Timmins, Ontario.
The company has entered into a memorandum of understanding with Ontario Northland, with the aim of completing an economic study before the end of December.
Monarch is looking at custom milling options for Wasamac, which will significantly reduce the construction costs of the mine, compared with building a mill and tailings facility directly on site.