For thousands of other reports visit RSC's Mineral Intellingence Map
Alamos Gold Inc.
Summary
| Project: | Camyurt | |
|---|---|---|
| Deposit: | Camyurt | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 2/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-2-2017: Alamos Gold Inc. announces a PEA report for its Camyurt deposit at the Camyurt project. PEA results incl. post-tax NPV(8%) of $86.20M, IRR of 253%, initial CAPEX of $10.2M. The Çamyurt Project is located approximately 4 km southeast of the Comp | |
| Resources: | (Resource, M+I): 17.721Mt @ 0.89g/t Au for 509000oz Au contained | |
| CP/QP: | [Resources]: Marc Jutras (Ginto Consulting Inc.) | |
| ABSTRACT: | The Çamyurt Project is located approximately 4 km southeast of the Company’s development-stage Ağı Dağı Project which is situated about 50 km southeast of Çanakkale, Turkey. Drilling at Çamyurt has defined a mineralized zone that is continuous for at least 1,200 m along strike with additional potential to extend mineralization to the northeast and at depth. Gold mineralization is hosted within a tabular, steeply-dipping oxidized zone starting at surface and with a cross-strike width up to 150 m. The deposit has an average drill spacing of 55 m along strike with a total of 59 core drill holes included in the resource estimation. The Çamyurt deposit will be mined by conventional open pit hard rock mining methods. Alamos Gold plans to utilize a contract mining company to move the mineralized material and waste from the pit. Oxide and transition mineralized material at Çamyurt will be hauled to the crusher at the Baba pit, crushed, agglomerated, conveyed and stacked on the heap leach pad where it will be cyanide leached for the recovery of gold and silver. Initial capital is estimated to be $10.2 M. The life of mine capital including sustaining capital and closure costs is estimated to be $25.5 M. Çamyurt’s estimated base case after-tax IRR is 253% and after-tax NPV is $86 million, using an 8% discount rate based on an economic analysis conducted as part of the PEA. This represents a 1.4 year payback and assumes a gold price of $1,250/oz and silver price of $16.00/oz, and incorporates only Measured and Indicated Mineral Resources. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report