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Argonaut Gold Inc.
Summary
| Project: | San Agustin | |
|---|---|---|
| Deposit: | San Agustin Heap Leach | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/12/2015 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-1-2015: Argonaut Gold Inc. announces a PEA report for its San Agustin Heap Leach deposit at the San Agustin project. PEA results incl. pre-tax NPV (5%) of US$101.3M, 4.1 year payback. Argonaut Gold Inc. (Argonaut or the Company) commissioned Kappes, Ca | |
| Resources: | (Resource): 82.21Mt @ 0.37g/t AuEq (Ind) and 6.964Mt @ 0.34g/t AuEq (Inf) | |
| CP/QP: | [Resources]: Michael J. 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 prepare a National Instrument 43-101 (NI 43-101) compliant Technical Report that includes a mineral resource estimate, classification of resources, and a preliminary economic analysis (PEA) of the San Agustin Project. This Technical Report describes the conceptual development of an open pit mine and processing of Indicated gold and silver mineral resources by standard heap leaching methods. Several sections of this report were taken verbatim from the resource technical report “Oxide Resource Estimate, San Agustin Project” dated October 3, 2014, and include Sections 1.4, 1.5, 1.7, 1.8, relevant portions of 1.13 and 1.14, 6 through 12, 14, 23, and portions of 24 through 27. | |
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