Tungsten Tailings Project
Margaux Resources has secured the rights to legacy tungsten tailings at the Jersey-Emerald mine. The project covers approximately 1.4 million tons of tailings which were derived from tungsten mining during the period 1941 to 1973. Margaux is evaluating the potential for reprocessing and economic metal recovery from the tailings deposit, with concurrent site remediation.
Our vision is to be leading and responsible providers of successful, resource-based opportunities for all of our stakeholders. We want to see industrial initiatives work side-by-side with environmental goals. To this end, we have partnered with the Salmo Watershed Streamkeepers Society for the tailings initiative, to showcase that it is possible to generate revenue from industrial activities, while also benefiting the environment. Streamkeepers is a charitable, non-profit community-based organization focused on stewardship and awareness of the Salmo River Watershed.
Margaux has evaluated several globally available processing options for the tungsten tailings. In 2017, we entered into an agreement with Cronimet Mining Group, a global industry leader with regards to tailings beneficiation. A 3500 kg bulk sample of tailings was collected and submitted to Cronimet for lab-scale testing. Application has now been made for a 10,000 tonne bulk sample and on-site pilot processing facility, to further test the viability and economics of the project, with the goal to ramp up to full-scale production.
Upon completion we expect that the Margaux/Streamkeepers partnership agreement will assess further tailings remediation opportunities, including those associated with historical mining activities on and adjacent to Margaux lands, as well elsewhere in the Salmo River basin, where more than 40 historical, abandoned tailings deposits are known.