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Exterra to restart gold mining at Second Fortune in early 2017

Exterra Resources Ltd.'s board has given approval to restart mining at its wholly owned Second Fortune mine, part of the Linden gold project in Western Australia.

The approval marks the first step in the company's transition from an exploration company to a development company, according to a Sept. 28 statement.

The development phase will kick off with the construction of evaporation ponds, expected in October, before early-phase mining operations start in early 2017.

Exterra added that it plans to soon start drilling at the Second Fortune project to gather more information about areas of the resource that are in the inferred category.

In early August, the company appointed Mitchell River Group as manager of the development of the Second Fortune mine.