DDV Gold Ltd. applied to operate an open pit gold mine in 2007. Deposits at the project named Touquoy hold an estimated 635,000 ounces (~18 tons) of gold, worth $700 million in 2012. The surface operation will involve drilling, blasting, and gold cyanidation to process the ore. The Moose River Gold Mines site will also process ore from the company's mine at its Beaver Dam deposit, 37 km away, which has an estimated yield of 426,600 ounces. This will save the construction of a second tailings pond, and an old bush road will be upgraded to facilitate transport. The Moose River mine will have a life of five years and Beaver Dam just three. There are more deposits at Cochrane Hill and Fifteen Mile Stream, 57 km away.