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Canamex Gold Corp.
Summary
| Project: | Bruner | |
|---|---|---|
| Deposit: | Bruner | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 1/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-1-2018: Canamex Gold Corp. announces a PEA report for its Bruner deposit at the Bruner project. PEA results incl. IRR 31%, NPV (5%) $69.6M. Vancouver, British Columbia / The Newswire / January 8th, 2018 – Canamex Gold Corp. (the “Company”) | |
| Resources: | (Resource): 19.55Mt @ 0.56g/t Au, 5.32g/t Ag (Ind.) and 2.25Mt @ 0.53g/t Au, 4.14g/t Ag (Inf.) | |
| CP/QP: | [Overall Report]: Welsh, Willis, Nesbitt, Hufford, Martin (Welsh Hagen Associates) | |
| ABSTRACT: | Vancouver, British Columbia / The Newswire / January 8th, 2018 – Canamex Gold Corp. (the “Company”) (TSX-V: CSQ) (OTCBB: CNMXF) (FSE: CX6) is pleased to announce the positive results of the Updated Preliminary Economic Assessment (“PEA”) on the 100% owned Bruner Gold Development Project, located in Nye County, Nevada. The PEA was prepared by Welsh Hagen Associates (WHA) of Reno, Nevada in accordance with the requirements of Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101"). Greg Hahn, President and Chief Operating Officer of the Company stated: "Completion of this updated PEA significantly advances the Bruner Gold Project. This updated PEA extends the life of the conceptual mine life from six to eight years and adds 93,000 ounces of indicated resources of gold and 826,000 ounces of indicated resources of silver to the resources referenced in the previous 2016 PEA. It also tightens the capital and operating cost estimates by reference to recently experienced actual costs on another gold development project in Nevada. I believe we will be able to move the Bruner Gold Project forward into permitting and development on the strength of this positive PEA. The project includes the fundamental elements we consider important to investors when building a mine, including low capital and operating costs, and an attractive rate of return in the current price environment. We can now move ahead with permitting and engineering the project for development." | |
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