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Abstract
In March 2007, Strateco built a modern exploration camp to house about 50 people and allow work to continue year-round. In May 2007, Strateco retained Golder Associates to begin various environmental base-line studies to be completed in the summer of 2008. Since November 2007, Melis Engineering is conducting at the Lakefield lab, metallurgical testing on the AM-15 zone ore. Initial results indicate that 98% recovery can be achieved and that the ore does not generate acid or contain arsenic. Scott Wilson Roscoe Postle Associates Inc. has been retained for underground design work. A call for tenders is in progress to select a mining contractor for the work once the authorizations have been obtained. About 100 people are currently assigned to the project on a permanent basis. Strateco invested about $25 million in the project in 2006-07, and the budget for 2008 is $22 million.