Darnley Bay Announces Robust Preliminary Economic Assessment at Pine Point

Darnley Bay Resources Limited (TSXV:DBL) (“Darnley Bay” or the “Company”) is pleased to announce the results of an independent Preliminary Economic Assessment (“PEA”) of the 100% owned Pine Point Project (“Pine Point” or the “Project”) located near Hay River, Northwest Territories.
As quoted in the press release:

Darnley Bay President and Chief Executive Officer Jamie Levy remarked that, “This Preliminary Economic Assessment supports that management’s confidence in this project was well-placed when it was purchased this past December. What is also very encouraging is that there are multiple opportunities, including underground mining, to enhance the economics and extend the project life. The Company plans to initiate a feasibility study in the near future while drilling to add additional resources to the mine plan.”
Darnley Bay Chief Operating Officer John Key adds, “We had faith that the project would demonstrate healthy economic potential which this very thorough study by JDS supports. Darnley Bay looks forward to working closely with the stakeholders in the South Slave region to advance Pine Point to the benefit of the region.”

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