TV6 has learned that Kennecott Minerals is considering turning the old Humboldt Mine into an ore milling facility.
If the project moves forward, officials say it would be an $80 million investment that would create 100 construction jobs initially and then 50 full-time jobs to run the operation.
"What we're looking at right now is rehabilitating the mill to possibly process ore from the Eagle Project," Jon Cherry of Kennecott explained. "However, the mill does have additional capacity. If we find additional resources, we would increase the capacity of the mill and potentially turn this into a regional milling center."
Milling would separate the metallic ore from rock and allow Kennecott to ship a more concentrated product to Canada for processing.
Kennecott still has to go through a lengthy permitting process before any work on the mill could begin.