Each gold tasks are adjoining to producing mines—Victoria Gold’s (TSX: VGCX; US-OTC: VITFF) Eagle mine and Alexco Useful resource’s (TSX: AXU; NYSE-AM: AXU) Bellekeno silver mine on the Keno Hill venture.
Final yr Banyan produced an preliminary useful resource estimate for the Airstrip and Powerline zones at AurMac. Collectively they’ve 52.6 million tonnes of inferred useful resource grading 0.54 gram gold per tonne, containing 903,945 oz. gold. The Airstrip zone is the bigger with 46 million tonnes at 0.52 gram gold per tonne, containing an estimated 774,926 oz. gold. The numbers have been derived utilizing a pit-constrained useful resource and a 0.2 gram gold per tonne cut-off grade.
This yr’s drill marketing campaign focuses on increasing the Powerline zone in all instructions. Outcomes to this point characteristic: 186 metres grading 0.48 gram gold per tonne, together with 41.7 metres at 1.39 grams gold per tonne; 7 metres grading 6.81 grams gold per tonne, together with 1.2 metres of 35.2 grams gold per tonne; and 50.3 metres grading 0.7 gram gold per tonne. The corporate says mineralization seems constant and is open in all instructions. Metallurgical checks have recovered 90% of the gold in samples of oxide and sulphide mineralization from each Airstrip and Powerline.
Banyan acquired the Hyland property in 2013 from Victoria Gold. Exploration started the next yr with drill highlights of 88.7 metres grading 0.24 gram gold per tonne, together with 29.8 metres at 0.33 gram gold per tonne, and 23.7 metres at 0.37 gram gold per tonne.
The 2020 up to date 43-101 technical report accomplished for the Foremost zone used a 0.3 gram gold-equivalent per tonne cut-off. There have been 8.6 million indicated tonnes grading 0.78 gram gold per tonne (216,000 contained oz. gold) and seven.04 grams silver per tonne (2 million contained oz. silver). The inferred useful resource was 10.8 million tonnes grading 0.77 gram gold per tonne (266,000 contained oz. gold) and 5.32 grams silver per tonne (1.8 million contained oz. silver). The corporate is planning to restart exploration at Hyland subsequent yr.
Banyan Gold has a market capitalization of C$54.8 million ($43.3m).
Gatling Exploration (TSXV: GTR; US-OTC: GATGF) was spun off from Bonterra Assets (TSXV: BTR; US-OTC: BONXF) in 2018 and owns 100% of the Larder venture, 35 km east of Kirkland Lake, Ontario.
Central to the venture on the Cadillac-Larder break is the past-producing Cheminis deposit. To the west is the Fernland deposit and to the east is the Bear deposit. The three deposits are linked alongside strike. They’ve a southeast plunge and are open each at depth and alongside strike.
In 2011 a historic, non-43-101 compliant useful resource estimate for the Cheminis and Bear deposits outlined 335,000 indicated tonnes grading 4.07 grams gold per tonne (for 43,800 oz. contained gold) and 5.1 million inferred tonnes grading 5.55 grams gold per tonne (for 917,000 contained oz. gold). A cut-off of two.5 grams gold per tonne and a gold worth of $1,207 per ounce was used.
Gatling has been drilling the Larder venture since buying it in 2019. At Fernland, assays have returned 11.9 grams gold per tonne over 4.0 metres; 1.1 grams gold per tonne over 101.3 metres; 0.8 gram gold per tonne over 114.3 metres; and 1.5 grams gold per tonne over 200.7 metres. The shallow mineralization at Fernland might have the potential for a starter operation.
The past-producing Cheminis deposit has a vertical shaft with six ranges to a depth of 330 metres. Assays right here have included 5 metres grading 12.3 grams gold per tonne; 39.7 metres at 2.5 grams gold per tonne, 6.0 metres at 6.1 grams gold per tonne, and a pair of metres at 7.1 grams gold per tonne.
Drilling on the Bear deposit has returned 6.1 metres grading 20.7 grams gold per tonne; 8.0 metres at 10.8 grams gold per tonne, 5 metres at 11.2 grams gold per tonne, and three metres at 84.1 grams gold per tonne. Gatling can be drilling a fourth zone, Swansea, to the west specializing in near-surface gold mineralization.
Earlier this yr, Gatling introduced it was including a second drill rig on the Bear deposit to speed up its exploration program forward of a brand new useful resource estimate due by year-end. Metallurgical checks on samples of all three deposits have been additionally begun.
In 2019 the corporate acquired and commenced drilling the Kir Vit prospect, 6 km north of Larder. Up to now 13 of 16 holes have intersected mineralization grading greater than 1.0 grams gold per tonne alongside a 500-metre strike size. Highlights of this system included 3 metres grading 5.9 grams gold per tonne;3 metres of 5.1 grams gold per tonne; and a pair of metres of 4 grams gold per tonne. The drill program is continuous. Channel sampling at Kir Vit has returned grades resembling 16.2 grams gold per tonne over 1 metre and a pair of.8 grams gold per tonne over 7 metres, together with 8.2 grams gold per tonne and 4.4 grams gold per tonne.
Gatling has a market capitalization of C$16.3 million ($12.9m).
Gran Colombia Gold
Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) operates the Segovia mine in Colombia. The mine produced 196,362 oz. gold in 2020, and this yr steering is for between 200,000 and 220,000 ounces.
Segovia is made up of 4 separate underground mines exploiting solely three of 27 identified veins on the mining licence. The corporate is finishing up a 60,000-metre drill program — 40,000 metres as a part of the in-mine and near-mine program and 20,000 metres to check high-priority brownfield targets on the unmined veins.
Segovia’s typical 1,500-tonne-per-day Merrill-Crowe mill handled a every day common of 1,280 tonnes of mineralized materials with a head grade of 14.6 grams gold per tonne final yr. The mill additionally accepts ore below contract for processing from small mines within the area. The contracted quantity is about 12% of throughput.
On the finish of 2020, Segovia had measured and indicated assets of 4 million tonnes grading 11.7 grams gold per tonne for 1.4 million contained oz. gold. There have been an extra 3.7 million inferred tonnes grading 9.6 grams gold per tonne for 1.3 million contained oz. gold.
In March, Gran Colombia made a pleasant, all-share provide valued at C$315 million for Gold X Mining (TSXV: GLDX), during which Gran Colombia beforehand owned an 18% stake. Gold X’s principal asset is the Toroparu superior copper-gold venture in Guyana.
The corporate raised C$300 million with which to develop the Toroparu gold-copper venture. The environmental authorization and the event and financial stability settlement are full for the venture.
The Toroparu and Sona Hill deposits happen on the margin between batholiths and the encompassing metavolcanic host rocks. The hydrothermal alteration halo has the potential to host a number of satellite tv for pc deposits.
A preliminary financial evaluation accomplished in 2019 outlined a 24-year mine life with the 2 deposits producing a complete of about 4.5 million oz. of gold. The preliminary capital requirement was pegged at C$378 million, with an additional C$232 million section two enlargement financed from inner money circulation.
A standard open-pit operation is deliberate. Carbon-in-leach know-how can be used within the section one operation of the mill, with a copper flotation circuit added within the second section. Ore can be processed at a charge of 11,500 tonnes per day for the primary 10 years after which elevated to as a lot as 23,000 tonnes per day thereafter. The tailings storage facility can be staged and operated in three impartial modules.
Gran Colombia provides each a gold useful resource and a silver-copper useful resource at Toroparu. The venture has 252.6 million measured and indicated tonnes grading 0.91 gram gold per tonne for 7.4 million oz. contained gold and 128.9 million inferred tonnes grading 0.76 gram gold per tonne for 3.2 million ounces.
The copper-silver assets stand at 240.8 million measured and indicated tonnes grading 0.81 gram silver per tonne and 0.08% copper for six.3 million oz. silver and 444 million lb. copper. The inferred useful resource is 117.3 million tonnes grading 0.7 gram silver per tonne and 0.04% copper for 276,000 oz. silver and 104 million lb. copper.
The 2-phase 2021 drill program consisted of 20,750 metres in 114 holes. It confirmed a 4-km strike size of excessive grade, structurally managed gold mineralization at Toroparu in minable widths of as much as 100 metres vertical depth. Excessive-grade pipes starting from 5 grams to twenty grams gold per tonne are surrounded by a decrease grade halo grading from 0.5 gram to five grams gold per tonne. Gran Columbia posits a big, disseminated deposit amenable to underground mining. A preliminary financial evaluation can be accomplished later this yr.
Gran Colombia additionally owns about 44% of Aris Gold (TSX: ARIS; US-OTC: ALLXF), which operates the Marmato gold mine in Colombia; about 27% of Denarius Silver (TSXV: DSLV) and about 26% of Western Atlas Assets Inc. (TSXV: WA).
Gran Colombia has a market capitalization of C$478.6 million ($378m).
Kenorland Minerals (TSXV: KLD; US-OTC: NWRCD) has three tasks it considers flagship exploration property: Frotet, a high-grade gold venture in northern Quebec, about 100 km north of Chibougamau and the Healy gold and Tanacross copper-gold-molybdenum tasks in Alaska. Its Frotet venture is a three way partnership with Sumitomo Steel Mining Canada.
One among its most fun latest finds at Frotet is Regnault, which it introduced in July 2020. Kenorland introduced the invention from its preliminary drill program on the R1 construction, and it seems to be a beforehand unknown gold system with no historic drilling. The perfect gap, 20RDD007, intersected 29.1 metres grading 8.47 grams gold per tonne, together with 11.1 metres of 18.43 grams gold per tonne.
Assays from 15 holes, seven of which focused the R2 construction, have been acquired earlier this yr. Gap 21RDD041 returned 1.9 metres grading 13.59 grams gold per tonne and 30.8 grams silver per tonne. The identical gap additionally intersected 1.62 metres grading 11.17 grams gold per tonne and 21.96 grams silver per tonne, together with 0.4 metre at 40.4 grams gold per tonne and 78.9 grams silver per tonne. Gap 21RDD045 lower 2.6 metres averaging 6.98 grams gold per tonne and 15.47 grams silver per tonne, together with 0.4 metre of 44.2 grams gold per tonne and 90.1 grams silver per tonne.
The three way partnership has 20,000 metres of drilling deliberate this summer time at Regnault and additional regional exploration on the Frotet property.
In Alaska, Kenorland optioned 70% of the Healy gold venture, 180 km from Fairbanks, from Newmont (TSX: NGT; NYSE: NEM) in 2018. The property is situated inside the Tintina gold belt. Kenorland mounted a drill program in 2019 consisting of 10 shallow, reverse circulation holes at Healy’s Bronk goal space. The following yr additional geochemical and geophysical surveys have been achieved. This yr the corporate started its first diamond drill program. 4 thousand metres in 10 holes have been deliberate to check the Thor, Bronk and Spike targets outlined by soil anomalies. Assays weren’t obtainable at press time.
This yr the corporate plans to spend a complete of $17 million on exploration at Healy and Frotet.
Kenorland’s 100%-owned Tanacross property covers a potential copper-molybdenum-gold porphyry incidence about 335 km southeast of Fairbanks. It lies inside the Yukon-Tanana Terrane. No outcrops have been famous on the property. The corporate holds 45,900 hectares of state-owned land. Tanacross has a 25-person camp with an airstrip on the property.
Kenorland has a number of different properties in its pipeline. In Quebec these embrace Chicobi (gold and volcanogenic large sulphide); Chebistuan (gold and nickel-copper-platinum group metals); O’Sullivan (gold); and Hunter (gold and volcanogenic large sulphides). In Ontario it holds the South Uchi gold property. Although all are much less superior than Frotet, Healy and Tanacross, these tasks await additional consideration.
Kenorland has a market cap of about C$32 million ($25m).
Moneta Porcupine Mines
Moneta Porcupine Mines (TSX: ME; US-OTC: MEAUF) has been consolidating its land bundle within the Timmins gold camp of Ontario. Its newest acquisition was its C$48 million buy of O3 Mining’s (TSXV: OIII; US-OTC: OIIIF) Golden Bear property, together with the Garrison gold venture.
Moneta closed the deal in January and folded the property into its flagship Tower gold venture, 100 km east of Timmins, close to Matheson. Tower now contains 100% possession of each the Garrison and Golden Freeway gold properties, making the corporate one of many largest landholders within the camp.
The Tower venture has an outlined useful resource base. Recoverable by open pit strategies, there are 111.7 million indicated tonnes grading 0.89 gram gold per tonne and 79.4 million inferred tonnes on the identical grade. The underground portion accommodates 4.9 million indicated tonnes grading 4.05 grams gold per tonne and a pair of.1 million inferred tonnes grading 4.21 grams gold per tonne. Contained gold in all assets is estimated to be nearly 8 million ounces.
The aim of this yr’s drill program at Tower is to broaden assets since there are a number of deposits on the venture. There are potential pits on the Windjammer South, 55, Westaway, and Garrison deposits, in addition to underground potential at Garrison and Golden Freeway.
The deposit with probably the most superior program is the South West deposit on the Golden Freeway venture. A preliminary financial evaluation accomplished in September 2020 outlined an underground mine that might produce 719,000 oz. of gold over its lifetime with common annual output of 75,700 ounces. Prices could be low with preliminary capital of C$144 million and sustaining capital of C$135 million. The overall all-in sustaining value could be $747 per ounce.
The South West venture carries an after-tax internet current worth, at a 5% low cost charge, of $236 million and an after-tax inner charge of return of 30% at a gold worth of $1,500 per ounce. After-tax payback could be 3.4 years. The underground venture may generate common annual free money circulation of C$49 million.
Moneta anticipates utilizing ramp improvement with longitudinal long-hole stoping and bulk underground mining strategies. The mine life could be 11 years, together with a two-year ramp up interval. Peak manufacturing of 85,700 oz. gold could be reached in yr 5.
The PEA put aside about C$40 million for processing amenities. As a result of the South West deposit is only some kilometres from Kirkland Lake Gold’s (TSX: KL; ASX: KLA) Holt mill, toll milling could also be an choice that would scale back capex prices.
The potential exists elsewhere on the Golden Freeway venture to broaden manufacturing from further deposits on the property.
Moneta additionally has exploration tasks within the Porcupine gold camp, nearer to Timmins. The corporate owns 100% of the Nighthawk Lake, North Tisdale and Kayorum properties. The historic Moneta gold mine, which produced 149,250 oz. of gold between 1938 and 1943, is situated on the Kayorum claims.
West of Timmins, the corporate holds 100% of the Denton property, identified primarily for its two historic nickel zones found by Hollinger Mines in 1958 and 1960.
Moneta Porcupine Mines has a market capitalization of C$210 million ($166m).
Seabridge Gold (TSX: SEA; NYSE: SA) is ranked among the many world’s ten firms with the biggest gold reserves, because of its prefeasibility stage Kerr-Sulphurets-Mitchell and Brave Lake tasks. The 2 tasks maintain a mixed 45 million oz. of gold in confirmed and possible reserves. As well as, Seabridge has extra copper per frequent share issued than any copper firm. The KSM venture has permits protecting 17.6 billion lb. of copper within the measured and indicated classes.
Each tasks acquired provincial and federal environmental approvals in 2014.
The KSM copper-gold venture is situated about 65 km northwest of Stewart, British Columbia The Kerr deposit is a north-south trending tabular porphyry intrusive complicated. It has a strike of two,400 metres and extends vertically at the very least 2,400 metres. The west limb is as much as 500 metres thick, and the east limb is as much as 300 metres thick.
Sulphurets is structurally complicated and distinctly totally different from the opposite KSM deposits. Its defining characteristic is a sequence of thrust fault panels intruded by a number of slim dykes, sills and shares associated to the diorite intrusion related to Kerr and Mitchell. The primary Sulphurets physique has a lens form, dipping about 30 levels to the northwest and increasing horizontally for two,200 metres, down dip for 550 metres and as much as 330 metres thick.
The Mitchell deposit is a composite intrusive complicated of extensively foliated rocks. The mineralization outcrops in an elliptical sample protecting 1,000 metres east-west and 850 metres north-south with a vertical extent of 1,100 metres.
Iron Cap is the farthest north deposit within the KSM district. It’s above the Mitchell deposit in a panel between the Mitchell and Sulphurets thrust faults. Iron Cap has a tabular form hanging 1,500 metres alongside a north-south strike and dipping about 60 levels to the west. The deposit is at the very least 1,500 metres down dip and as much as 800 metres thick.
On the finish of 2020, the 4 deposits on the KSM venture had whole confirmed and possible reserves of two.2 billion tonnes averaging 0.55 gram gold per tonne, 0.21% copper, 2.6 grams silver per tonne, and 42.6 components per million (ppm) molybdenum. Collectively the contained steel content material sits at 38.8 million oz. gold, 10.2 billion lb. copper, 183 million oz. silver, and 207 million lb. molybdenum.
Measured and indicated assets at KSM whole 3 billion tonnes averaging 0.52 gram gold per tonne, 0.21% copper, 2.8 grams silver per tonne, and 48 ppm molybdenum. The inferred useful resource (recoverable each by open pit and underground strategies) is 4.6 billion tonnes averaging 0.38 gram gold per tonne, 0.32% copper, 2.4 grams silver per tonne, and 29 ppm molybdenum.
Seabridge has outlined a 52-year mine plan, as described within the prefeasibility examine up to date in 2020. The after-tax numbers embrace a internet current worth (at a 5% low cost charge) of $6 billion. There could be a four-year payback on a $5.2 billion pre-production capital expenditure. Manufacturing over the lifetime of mine could be 27.6 million oz. gold and 20.8 million lb. copper. A 170,000-tonne-per-day processing plant could be constructed. The overall value of manufacturing is estimated to be US$4 per oz. gold, internet of by-product revenues and inclusive of all venture capital necessities.
The corporate is finishing knowledge assortment to advance KSM to ultimate feasibility. Additional exploration has been suspended as a result of the identified assets will help a multi-generational venture.
In December 2020, Seabridge purchased the Snowfield gold property, adjoining to the KSM venture, from Pretium Assets (TSX: PVG; NYSE: PVG) for a $100 million money fee, a 1.5% internet smelter return royalty, and a future contingent fee. Work is underway on integrating Snowfield into the KSM feasibility examine.
Snowfield has measured and indicated assets of 1.4 billion tonnes averaging 0.59 gram gold per tonne, 1.72 gram silver per tonne, 0.06% copper, 85.5 ppm molybdenum, and 0.51 ppm rhenium. The steel contained in these assets totals 25.9 million oz. gold, 75.8 million oz. silver, 2.98 billion lb. copper, 258.3 million lb. molybdenum, and 22.5 million oz. rhenium. The inferred Snowfield useful resource is 833.2 million tonnes averaging 0.34 gram gold per tonne, 1.9 gram silver per tonne, 0.06% copper, 69.5 ppm molybdenum, and 0.43 ppm rhenium. Contained metals provides as much as 9 million oz. gold, 40.1 million oz. silver, 127.7 million lb. molybdenum, and 11.5 million oz. rhenium.
Seabridge additionally has a 100% curiosity within the Iskut venture, 30 km from KSM. Previously often known as Bronson Slope, it grew to become a part of Seabridge’s portfolio with the acquisition of Snip Gold in 2016. The Quartz Rise gold-copper porphyry goal was drilled final yr, revealing mineralized intervals of as much as 158 metres lengthy and grading 0.16 gram gold per tonne.
Iskut’s pit-constrained assets stand at 186.9 million measured and indicated tonnes grading 0.36 gram gold per tonne, 0.122% copper and a pair of.19 grams silver per tonne for two.2 million oz. contained gold, 502.7 million lb. copper, and 13.2 million oz. silver. There are additionally 4.9 million inferred tonnes averaging 0.32 gram gold per tonne, 0.07% copper and a pair of.19 grams silver per tonne for 8.1 million oz. gold, 50,000 lb. copper and 350,000 oz. silver.
Seabridge says the Iskut property has magnetic and resistivity anomalies just like the Kerr Deep zone. This yr’s drill program is following up on earlier work that the corporate says factors towards a big gold-copper porphyry system.
The Brave Lake gold venture, 240 km northeast of Yellowknife within the Northwest Territories, is one other Seabridge core property. It covers a land place 52 km lengthy and covers about 85% of the Matthews Lake greenstone belt. There are two deposits — FAT and Walsh Lake. A 2012 prefeasibility examine is being redesigned to a smaller, much less capital intensive scale than initially deliberate.
In Might 2020, Seabridge acquired 100% of the three Aces gold venture from Golden Predator Mining for 300,000 shares and a 0.5% NSR royalty. Situated in southwestern Yukon’s Selwyn Basin, the venture is accessible year-round by street and has a 25-person camp.
In August, Seabridge restarted drilling its 100%-owned Snowstorm gold venture in northern Nevada. It sits on the intersection of three main gold belts within the state. It was acquired from Paulson & Co. in a shares and warrant deal in 2017.
The corporate drilled Ordovician carbonate stratigraphy attribute of Getchell model deposits in 2019, and final yr confirmed the presence of gold mineralization. This yr’s drill program is following up on promising intersections.
Seabridge Gold has a market capitalization of C$1.6 billion ($1.27bn).
Victoria Gold (TSX: VGCX; US-OTC: VITFF) declared industrial manufacturing in July 2020 at its wholly-owned Eagle (Dublin Gulch) gold mine within the Yukon, about 375 km north of Whitehorse. The open pit and heap leach operation produced 116,644 oz. gold final yr and the corporate’s 2021 steering has been set at between 180,000 and 200,000 ounces.
Gold is leached utilizing a cyanide answer and recovered in an adsorption-desorption-regeneration carbon plant. The corporate estimates it can get better 2.4 million oz. of gold at a median restoration charge of 77% over a mine lifetime of 13 years.
The Eagle deposit has confirmed and possible reserves of 148 million tonnes with a diluted grade of 0.64 gram gold per tonne for 3.1 million contained oz. gold. Roughly 110.4 million tonnes of mineralized materials will come from this layer.
A second deposit, Olive, is contributing 6.5 million tonnes per yr of ore to the heap. It has confirmed and possible reserves of seven million tonnes with a diluted grade of 0.95 gram gold per tonne for 200,000 gold ounces.
Victoria is analyzing what it calls ‘Mission 250K’ that will elevate Eagle’s output to 250,000 oz. gold per yr. The corporate is analyzing year-round stacking of the heap and scalping the fines between crushers. Engineering is underway and a call is anticipated within the third quarter of this yr.
‘Mission 2040’ would see the pit deepened and lengthen the mine life 10 additional years to 2040. The pit is at present deliberate to 350 metres, however the mineralization is understood to increase to at the very least 650 metres. A ten,000-metre drilling program is underway and a useful resource replace is anticipated by the top of the yr.
Victoria is trying to the Dublin Gulch declare block as a district scale alternative. Final yr it trenched the Lynx goal and drilled 4 diamond drill holes. Drilling returned 153.8 metres grading 0.49 gram gold per tonne, together with 8.4 metres grading 6.14 grams gold per tonne, and 11.9 metres grading 1.26 grams gold per tonne and 13.5 metres of 1.12 grams gold per tonne.
The Raven goal was drilled to a strike size of 450 metres, a width of 400 metres and a depth of 180 metres. The mineralization is open in all instructions, so the corporate has made Raven the first goal of this yr’s C$12.5 million drill marketing campaign. An preliminary useful resource estimate is anticipated by the top of 2021.
The perfect holes reported final yr included 3.95 grams gold per tonne over 19 metres and 4.48 grams gold per tonne over 13.7 metres. An intersection of fifty.8 metres grading 2.63 grams gold per tonne was additionally returned.
In Might, Coeur Mining (NYSE: CDE) introduced its intention to amass a 17.8% curiosity in Victoria Gold from Orion Mine Finance. Orion is lowering its curiosity in Victoria from 36% to 19.99% and stays the miner’s largest shareholder.
Victoria Gold has a market capitalization of C$964.4 million ($763m).
Vista Gold (TSX: VGZ; NYSE: NGZ) wholly owns Mt Todd, which it describes as the biggest undeveloped gold venture in Australia. Situated within the Northern Territory, about 250 km southeast of Darwin, the venture contains the suspended Mt Todd mine.
As a brownfield improvement, Mt Todd has current infrastructure together with paved street entry, an influence grid, pure gasoline, contemporary water, a tailings impoundment space, and a surrounding pool of labour and technical personnel.
Gold and tin have been found within the Mt Todd space in 1889. Gold manufacturing started about 1902, adopted in 1913 by the invention of tungsten within the area, and the hunt for uranium within the Nineteen Fifties. Exploration as soon as once more turned to gold within the Eighties. The Batman deposit was found in 1988.
Batman operated as a heap leach from 1993 to 1997 however was a sufferer of low gold costs on the time. A three way partnership tried to restart manufacturing in 1999, however operations ceased in July 2000, and a lot of the gear was bought and faraway from the positioning.
Vista acquired the venture in 2006 and since then, the corporate says it has spent $100 million at Mt Todd. It has invested in environmental packages, drilled over 60,000 metres, tripled the gold useful resource, and addressed operational points that challenged earlier homeowners.
The corporate additionally accomplished a preliminary feasibility examine in 2013. Main mining and environmental approvals have been acquired from the territorial and federal governments. After metallurgical testing, venture optimization to cut back prices, and the rise of the gold worth, the corporate up to date the prefeasibility examine in September 2020.
The latest PFS anticipates an owner-operated open pit with a mining charge of fifty,000 tonnes per day. The mill would have an annual throughput of 17.8 million tonnes with a median head grade of 0.82 gram gold per tonne and 0.06% copper. The flowsheet would come with crushing, excessive stress roll grinding and ore sorting earlier than placement on the heap. Gold could be recovered from pregnant answer utilizing a carbon-in-pulp circuit.
Work has begun on the Mt Todd feasibility examine, due within the first quarter of 2022.
Included within the reserve and useful resource numbers are three deposits — Batman, Heap Leach and Quigleys. Collectively they’ve confirmed and possible reserves of 221 million tonnes grading 0.82 gram gold per tonne for five.5 million contained oz. gold. This estimate is included within the measured and indicated assets of 299.1 million tonnes grading 0.82 gram gold per tonne for 7.9 million contained oz. gold.
The Batman orebody is the biggest of the deposits. It has 277.8 million measured and indicated tonnes grading 0.82 gram gold per tonne and containing 7.4 million oz. gold.
Aside from the Batman deposit, the corporate has not drilled different targets a lot beneath a depth of 100 metres.
Vista has 4 superior targets: 1) Quigleys, which has potential to grow to be a better grade satellite tv for pc goal; 2) Wandie, which accommodates iron-ore-copper-gold (IOCG) targets; Golden Eye, which options sheeted vein mineralization (like Batman’s); and Gold-Tollis, a past-producer with restricted deep drilling. Vista additionally has different early stage exploration targets: Wolfram Hill, El Sherana, Blanchards, Black Hill, and Driffield.
Vista Gold has a market capitalization of $96 million ($75.8m).
(This text first appeared in The Northern Miner)