Yellowhead Mining Inc. Purchases Abandoned Weyerhauser Mill Property in Vavenby

Yellowhead Mining Inc. (TSX:YMI) closed an agreement acquiring the former Weyerhauser Company Limited sawmill property in Vavenby, BC, about 2.5 km west of Vavenby.

As quoted in the press release:

The acquisition includes the remaining buildings, offices and statutory rights of way. The purchase price was CAD$2,150,000. Closing was effective November 7, 2011.

The property comprises approximately 79.3 hectares and has an approximately 1,880 metre rail siding, connecting to the Canadian National Railway’s transcontinental main line that passes through Vavenby. The rail load-out will be located approximately 25 km by road from the Harper Creek project mill site. The rail distance to Vancouver is approximately 450 km.

Yellowhead Mining CEO, Ian Smith, said:

“This acquisition is a very important building block for the project development, and ensures we will have room for concentrate storage, rail access and staging grounds for the construction phase. “

Click here to read the Yellowhead Mining Inc. (TSX:YMI) press release
Click here to see the Yellowhead Mining Inc. (TSX:YMI) profile.