Update on Investigation of Renewable Energy Opportunity at Touquoy Gold Mine
- The Feasibility Study by Natural Forces is ahead of schedule. Natural Forces has confirmed that a pumped hydro energy storage facility is technically feasible at the now closed Touquoy Gold Mine and work is now focused on costings and testing of commercial viability
- Energy storage capacity estimate for the facility has been upgraded to 80MW of power available to the grid for 7 hours, which would be one of the largest pumped hydro power storage projects in Atlantic Canada
- Collaboration work continues with Natural Forces Solar on potential viability for solar power generation facilities at the Touquoy tailings management facility and waste rock storage area
- Atlantic Mining and Natural Forces are also in discussions to expand their collaboration to include evaluation of the potential for pumped hydro energy storage at the future 15-Mile and Cochrane Hill projects