Friday, July 25, 2014
Franklin Avenue repairs
Driving in and out of downtown may take longer than usual this Saturday.
The eastbound curb lane of Franklin Avenue on the side heading downtown is scheduled close for road repair between 50th street and 54th street.
It's expected that the asphalt overlay - putting down new asphalt to remove ruts in the road - will only take the day, likely from around 7 a.m. to 7 p.m.
There will be one lane running into town and the two lanes heading out of town will continue as normal.
The city has requested that drivers obey all traffic signs and people with flags in the construction zone.
- Mark Rendell
Mine approved by GNWT
Following approval by the Wekeezhii Land and Water Board in June, a proposed mine, around 150 km northwest of Yellowknife, has received a go-ahead from the GNWT.
Michael Miltenberger, the NWT minster of environment and natural resources, gave a green light to NICO mine last Friday.
The project expected to produce significant amounts of cobalt, gold, copper and bismuth.
Ontario-based Fortune Minerals Inc. has been seeking approval for several years and has already spent more than $110 million developing the project.
The company is now looking to raise a further $600 million for the mine as well as a metal processing plant in Saskatchewan.
The mine has a projected life span of around 20 years and is expected to employ around 300 people during the construction phase and between 150 and 200 to run it afterwards.
- Mark Rendell
TerraX's first assay results promising for gold deposits near Yellowknife
The company exploring for gold north of the city said its first assay results are promising.
David Connelly, spokesman for TerraX Minerals said test results from a quartz vein in the Yellowknife City Gold Project showed abundant visible gold. The findings were released in a report that came out Thursday.
- John McFadden