When we acquired Canada-based Fronteer Gold in 2011, we received 100 percent ownership of the Long Canyon project. Long Canyon is located in northeastern Nevada on the eastern flank of the Pequop mountain range approximately halfway between the communities of Wells, Nevada and West Wendover, Nevada. Long Canyon represents an emerging mineral exploration district, but it is located approximately 70 miles east of the prolific Carlin Trend gold deposits near Carlin and Elko. The Long Canyon area does not have an extensive mining history or mining culture like one would encounter in the more traditional Nevada mining areas such as Elko and Battle Mountain.
Exploration data and feasibility analysis indicates that Long Canyon represents encouraging potential for growth of Newmont's Nevada operational portfolio. It is our intention is to bring the project into production in 2017 with initial estimated gold production of approximately 200,000 to 300,000 ounces per year. We expect that the first phase of the project could yield 2 million-2.5 million ounces of gold over a life of approximately 10 years and believe the exploration potential could yield many times that amount of gold.
, #Long Canyon