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Argonaut Gold Inc.
Summary
| Project: | San Agustin | |
|---|---|---|
| Deposit: | San Agustin | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 4/29/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-4-2016: Argonaut Gold Inc. announces a PEA report for its San Agustin deposit at the San Agustin project. Updated PEA results incl. post-tax NPV (5%) of $89.8M, IRR of 50%. Argonaut Gold Inc. (Argonaut or the Company) commissioned Kappes, Cassiday & A | |
| Resources: | (Resource): 82.2Mt @ 0.37g/t AuEq. (Ind.) and 6.96Mt @ 0.34g/t AuEq. (Inf.) | |
| CP/QP: | [Resources]: Michael Lechner (Resource Modeling Inc.) | |
| ABSTRACT: | Argonaut Gold Inc. (Argonaut or the Company) commissioned Kappes, Cassiday & Associates (KCA) in conjunction with Resource Modeling Inc. (RMI) to update the February 2015 San Agustin Preliminary Economic Assessment (PEA) using recently updated operating and capital cost estimates along with a new life-of-mine schedule. The oxide Mineral Resource that was used for this updated PEA is the same estimate that was initially disclosed in October 2014 and also used for the February 2015 PEA. This National Instrument 43-101 Technical Report replaces the February 2015 PEA. | |
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