07.12.2012

Belvedere to open new gold mine in Finland

Canadian mining company Belvedere Resources Ltd. is also exploring several other gold mining sites around Finland.

Canadian mining company Belvedere Resources Ltd is planning to open a new gold mine in Finland in Kopsa, located near Haapajärvi in the Northern Ostrobothnia region. The Kopsa project is the first of a number of satellite gold projects that Belvedere is developing with the intention of processing through their 100% owned nearby Hitura mill. Belvedere’s Hitura mine produced 2400 tonnes of nickel last year.

“Belvedere is in the fortunate position of having a number of outcropping gold projects within trucking distance of their existing 750,000 tonnes per annum mill facilities at the Hitura nickel mine. This gives the company the potential ability to commence gold production onsite at Hitura for very modest capital requirements,” says Belvedere CEO David Pym.

More sites under exploration

Belvedere has also purchased rights to the promising Hirsikangas gold deposit in western Finland, where exploration is still ongoing. According to Jukka Nieminen, CEO of Belvedere’s Hitura mine, the company is also exploring gold deposits in Rantasalmi, eastern Finland, in cooperation with another company.

The new mine in Kopsa would be the sixth gold mine in Finland. The existing mines are located in Ilomantsi, Kittilä, Orivesi, Raahe and Sodankylä.

Sources: Belvedere, Helsingin Sanomat