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Dalradian Resources Inc.
Summary
| Project: | Curraghinalt | |
|---|---|---|
| Deposit: | Curraghinalt | |
| Location: | Northern Ireland | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/3/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | ||
| Report details: | 3-11-2014: Dalradian Resources Inc. announces a PEA report for its Curraghinalt deposit at the Curraghinalt project. PEA results incl. pre-tax NPV (8%) of US$656M, IRR of 36.2%. At the request of Dalradian Resources Inc. (Dalradian), Micon International L | |
| Resources: | (Resource, M+I): 2999.5Kt @ 10.41g/t Au, 3.88g/t Ag, 0.08% Cu | |
| CP/QP: | [Resources]: Tim Maunula (T. Maunula & Associates Consulting Inc.) | |
| ABSTRACT: | At the request of Dalradian Resources Inc. (Dalradian), Micon International Limited (Micon) has prepared a Preliminary Economic Assessment (PEA) of the Curraghinalt gold deposit within that company’s Northern Ireland Property in County Tyrone and County Londonderry, Northern Ireland. This Technical Report, prepared in accordance with the reporting standards and definitions required under Canadian National Instrument (NI) 43- 101, summarizes the results of that study. This PEA is based upon an estimate of the Curraghinalt mineral resources prepared by T. Maunula and Associates Consulting Inc. (TMAC) in May, 2014. The Northern Ireland Property is indirectly held by Dalradian through a wholly-owned subsidiary, Dalradian Gold Limited (Dalradian Gold), in whose name the licences and option agreements are registered. Where the distinction is considered minor, the two companies are referred to herein simply as Dalradian. The scope of the proposed project includes the development of an underground mine to extract the mineralized vein material that comprises the resource, treatment of that material in a conventional crushing, milling and carbon-in-leach plant to extract the gold and silver content, and disposal of the leached residue underground using paste backfill to the extent possible, with excess material stored in a purpose-built tailings storage facility near the mine site. At the proposed scale of operation, the mine has a projected life of about 18 years. | |
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