Western Exploration Starts Grid Power Feasibility Study for Doby George Project With Expandability for Gravel Creek
Western Exploration (WEX.V) on Tuesday said the Raft River Rural Electric Co-operative (RRREC)started a feasibility study to evaluate the supply of grid power to the company's Doby George gold project, as well as the future expandability for the Gravel Creek project, both located within the Aura district in northeastern Nevada.The study will be completed by WSP and will evaluate the existing capability of RRREC's Riddle Substation and existing feeders in proximity to Doby George to serve an additional 3.5-megawatt (MW) peak load and potential 5 MW motor start load, it said. WSP will present options to serve the load through system extensions and upgrades after an assessment of available system capacity and constraints.WSP will also determine, once identified, material upgrades that could prepare the system for an additional 6 MW load in support of future development of the Gravel Creek project, and will develop a Level 4 engineering and equipment cost estimate for the identified upgrades.The company added that it is working with its contractors and consultants towards a Mine Plan of Operations to be submitted by the end of September.Shares of the company were last seen down $0.02 to $0.59 on the TSX Venture Exchange.Price: $0.59, Change: $-0.02, Percent Change: -3.28%