St Barbara's renewed Canadian focus has revealed shocking plans!
As a recent article in the Northern Miner puts it, Australia’s St Barbara unveils bold Canadian push forward.
Sneaky tactics to rename mines Beaver Dam and Cochrane Hill to Old Austin and Old Mitchell shown on this investor map above reveal many more mine sites! Our fresh water systems along the Eastern shore of NS are in danger.
Below, The Northern Miner this year:
Australia’s St Barbara (ASX: SBM) has unveiled an aggressive exploration strategy in Nova Scotia, Canada, as it advances plans to redevelop its 15-Mile open pit gold mine and processing hub project and reshapes its global portfolio. The company has assembled a 697 sq. km land package in the province over the past two years. Since acquiring Atlantic Gold in 2019, St Barbara has built a dominant position across prospective ground, identifying 56 targets within a 75 km radius of the planned hub. The targets focus on the Moose River Formation and 12 regional prospects.
The Nova Scotia push follows last year’s aborted attempt to spin off or sell the former Atlantic Gold assets. After failing to attract sufficient interest, St Barbara opted to advance development instead, citing what it sees as a more workable permitting environment.
Much of the gold sector’s growth in Atlantic Canada — Nova Scotia, New Brunswick and Prince Edward Island — has occurred in recent years as investors discover the region’s potential and provincial governments pivot to mining’s new importance.