Highlights :
- Over 685,900 ounces of 43-101 compliant Proven and Probable gold reserves.
- Planned production of 70,000 to 90,000 ounces of gold per year.
- Excellent economic feasibility results including a 5000 tonne/day open-pit operation, 93% recovery of contained gold values and a 3.42:1 strip ratio.
- Combined with the Athona Deposit, a USD $137.6 million NPV @ 5% using a $850/oz gold price. (IRR 42.7%) and a USD $203.0 million NPV @ 5% using a $1000/oz gold price. (IRR 58.1%)
- In final stages of completing mine engineering design and construction permit applications.
- Environmental Impact Study has been approved and initiated.
- 2010 Exploration drill program underway to test the open down-dip extension of mineralized zone as well as other regional targets.
- Excellent infrastructure, local facilities and resources.
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