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Gold mill expansion.

GOLD MILL EXPANSION

Deak Resources is expanding its operations at the Kerr Mine and mill operation in Virginiatown.

Deak will receive a $1.3-million repayable contribution through FedNor's core industrial program for the project.

The company intends to increase the capacity of its Number One gold circuit from 1,200 to 2,200 tons per day and make improvements to its mine complex.

The government assistance means the preservation of 62 jobs.

Deak and GSR Acquisition Corporation (an affiliated company) bought the Kerr Mine and mill from bankrupt Golden Shield Resources in 1989.

The mill went back into operation with feed from the mine last May. In late November the mill processed a record 1,450 tons of ore per day.

In addition to processing ore from the Kerr Mine, the mill does custom milling for mines in northeastern Ontario and northwestern Quebec.
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Title Annotation:Deak Resources expands operations at the Kerr Mine and in Virginiatown
Publication:Northern Ontario Business
Date:Apr 1, 1991
Words:143
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