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Anfield Gold Corp.
Summary
| Project: | Coringa | |
|---|---|---|
| Deposit: | Coringa | |
| Location: | Brazil | |
| Commodities: | Gold-Silver | |
| Date: | 7/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 25-7-2017: Anfield Gold Corp. announces a Feasibility Study report for its Coringa deposit at the Coringa project. Mineral reserve estimate and DFS results incl. Post tax NPV (5%) of $16M, IRR of 18.4%. Vancouver, British Columbia - Anfield Gold Corp. (“A | |
| Resources: | (Reserve, Prob.): 769kt @ 6.5g/t Au, 13.1g/t Ag for 161koz Au, 324koz Ag contained at project | |
| CP/QP: | [Resources]: Robert Sim (SIM Geological Inc.) | |
| ABSTRACT: | Vancouver, British Columbia - Anfield Gold Corp. (“Anfield” or the “Company”) (TSXV: ANF) announces the results of the Feasibility Study (the “Study”), prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), for its 100%-owned Coringa Project (“Coringa” or the “Project”). The Study was compiled by MTB Project Management Professionals Inc. (“MTB”) and demonstrates that Coringa has the potential to be an economic, high-grade underground gold mine. Marshall Koval, Chairman and CEO, commented: “We are pleased to deliver a report that confirms strong economics at Coringa and believe that the Project has the potential to add substantial value to shareholders and the surrounding community over the coming years. Once Anfield receives the required permits from the Brazilian authorities, our experienced operating team led by Andrew Storrie can commence re-constructing the same plant that he and his team operated while working at the nearby Andorinhas mine.” Anfield will continue to explore for areas where value can be added to the Project. There are approximately 40,000 gold ounces of the estimated Inferred mineral resource, which are not included in the Study’s mine plan,(1) that are adjacent to areas mined as part of the Study. In addition, the Company controls a twenty kilometre area in the district with delineated gold soil anomalies, of which, the drill-defined mineral resource strike length is approximately two kilometres. | |
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