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Brio Gold Inc.
Summary
| Project: | Santa Luz | |
|---|---|---|
| Deposit: | Santa Luz | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 5-9-2017: Brio Gold Inc. announces a Feasibility Study report for its Santa Luz deposit at the Santa Luz project. Feasibility study returns NPV (5%) $210M, IRR 43% after tax. Roscoe Postle Associates Inc. (RPA) was retained by Brio Gold Inc. (Brio) to pre | |
| Resources: | (Reserve, P+P): 28.2Mt @ 1.39g/t Au for 1.259Moz Au contained at project | |
| 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 Feasibility Study (FS) based on new metallurgical test results and processes, which will be incorporated into the existing mill structure to significantly improve gold recovery through the use of resin-inleach (RIL), a proven technology. This work supports 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). In April of 2016, the Riacho dos Machados Mine (MRDM) was added to the Brio portfolio after it was purchased from Carpathian Gold. Brio became an independent, publicly-traded company in December 2016. Brio Gold produced approximately 190,000 ounces of gold in 2016, and is expecting to increase to a nominal production level of 400,000 ounces of gold. | |
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