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Brio Gold Inc.
Summary
| Project: | Santa Luz | |
|---|---|---|
| Deposit: | Santa Luz | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 10/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 17-10-2016: Brio Gold Inc. announces a Pre-Feasibility Study report for its Santa Luz deposit at the Santa Luz project. PFS results incl. pre-tax NPV (5%) of MUS$274M, IRR of 73%. Roscoe Postle Associates Inc. (RPA) was retained by Brio Gold Inc. (Brio) t | |
| Resources: | (Reserve, P+P): 26.679Mt @ 1.42g/t Au for 1.221Moz Au contained | |
| CP/QP: | [Resources]: Mark B. Mathisen (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Brio Gold Inc. (Brio) to prepare an independent Technical Report (the Report) on the Santa Luz Project (Santa Luz or the Project), located in Bahia state, Brazil. The purpose of this report is to document a Prefeasibility Study (PFS) based on new metallurgical test results and processes, which will be incorporated into the existing mill structure to significantly improve gold recovery and to support the proposed restart of the Project. This Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the Project in May and June 2016. In December 2014, Brio was formed to hold the Santa Luz Project, Pilar operations, and Fazenda Brasileiro (MFB) gold mines, as well as some related exploration concessions, all of which were held as non-core assets within Yamana Gold Inc. (Yamana). The Santa Luz Project consists of six deposit areas: C1, Antas 2, Antas 3, Mansinha South, Mansinha North, and Mari. Yamana’s Santa Luz open pit mine operated from mid-2013 to mid-2014, when it was placed on care and maintenance following poor metallurgical recovery results. The Project remains on care and maintenance awaiting further metallurgical studies; including completion of a modified flowsheet design. | |
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