A Vancouver-based mining company is hoping to strike gold in the tailings left over from a historic mine near Cowichan Lake.
Sasquatch Resources is examining a site on the south side of Cowichan Lake where a copper, gold, and silver mine operated from 1917 to 1919, and again from 1956 to 1960.
According to a statement from the company, the claims hold a significant amount of waste rock from previous mining operations. Sasquatch Resources plans to evaluate the composition, volume, and economic potential from the waste rock over the coming months.
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The company recently acquired the rights to explore the site and extract a limited amount of resources over the next three years.
