History
The Björkdal mine was initially discovered by Terra Mining AB by regional till sampling. The first anomalous gold values in till samples were found in 1983 and bedrock contain gold was discovered in 1985. Definition drilling was started in early 1986 and the feasibility study was finished in May 1987. The production decision was made in July 1987 and the first shipment of gold concentrate was made in September 1988.
In late 1996, The Canadian company Williams Resources Inc. purchased Terra Mining including Björkdal mine. However, since gold prices plummeted shortly after the purthes, Williams Resources Inc. in June 1999 placed the mine into receivership. The property was dormant until 2001 when a local group purchased the assets from the banks and started processing low grade stockpiles. In March of 2003 The Irish company Minmet Plc. acquired 50% of the mine and in October, 2003 the remaining 50% of the company. Minmet extracted ore from the open pit during 2 short periods in 2003 and in 2004 but the majority was low grade stockpile material
In 2006 Gold-Ore Resources Ltd.acquired an option from Minmet plc to purchase the holding company for the mine, Björkdalsgruvan AB. In December 31, 2007 Gold-Ore exercised its option and acquired all the shares of Björkdalsgruvan AB. Björkdalsgruvan is now a wholly owned subsidiary of Gold-Ore. In Figure 3, the annual production of gold since Gold-ore took over the mine is presented.
History The Björkdal mine was initially discovered by Terra Mining AB by regional till sampling. The first anomalous gold values in till samples were found in 1983 and bedrock contain gold was discovered in 1985. Definition drilling was started in early 1986 and the feasibility study was finished in May 1987. The production decision was made in July 1987 and the first shipment of gold concentrate was made in September 1988. In late 1996, The Canadian company Williams Resources Inc. purchased Terra Mining including Björkdal mine. However, since gold prices plummeted shortly after the purthes, Williams Resources Inc. in June 1999 placed the mine into receivership. The property was dormant until 2001 when a local group purchased the assets from the banks and started processing low grade stockpiles. In March of 2003 The Irish company Minmet Plc. acquired 50% of the mine and in October, 2003 the remaining 50% of the company. Minmet extracted ore from the open pit during 2 short periods in 2003 and in 2004 but the majority was low grade stockpile material In 2006 Gold-Ore Resources Ltd.acquired an option from Minmet plc to purchase the holding company for the mine, Björkdalsgruvan AB. In December 31, 2007 Gold-Ore exercised its option and acquired all the shares of Björkdalsgruvan AB. Björkdalsgruvan is now a wholly owned subsidiary of Gold-Ore. In Figure 3, the annual production of gold since Gold-ore took over the mine is presented.
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