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Deer Horn Capital Inc.
Summary
| Project: | Deer Horn | |
|---|---|---|
| Deposit: | Deer Horn | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Tellurium-Copper-Zinc-Lead | |
| Date: | 6/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-6-2018: Deer Horn Capital Inc. announces a PEA report for its Deer Horn deposit at the Deer Horn project. PEA results incl. post-tax NPV of US $36.5M (5%), IRR of 42%, 9yr LOM at the project. The Deer Horn project (the ”Project”) involves the developmen | |
| Resources: | (Resource, Ind.): 0.414Mt @ 5.12g/t Au, 157.5g/t Ag, 160ppm Te, 0.19% Cu. 0.39% Zn, 0.038% Pb | |
| CP/QP: | [Resources]: Gary Giroux (Giroux Consultants Ltd.) | |
| ABSTRACT: | The Deer Horn project (the ”Project”) involves the development of a gold-silver-tellurium deposit in westcentral British Columbia, 135km southwest of the community of Burns Lake and 36km south of the Huckleberry mine. This National Instrument 43-101 (“NI 43-101”) Preliminary Economic Assessment (“PEA”) report has been prepared at the request of Deer Horn Capital by Tracey Meintjes (P.Eng.) of MMTS is the QP for matters relating to mineral processing and metallurgical testing, capital and operating costs, environmental, infrastructure, financial evaluation, and overall report preparation (Sections 1-3, 13, 17-27 of this Technical Report). Marc Schulte (P.Eng.) of MMTS is the QP for matter relating for mining (Sections 15 and 16 of this Technical Report). Bob Lane (P.Geo.), of Plateau Minerals Corp visited the Project during drill programs that took place in 2009 and 2011 and during a surface sampling program that took place in 2012. He is the Qualified Person (“QP”) for all matters relating to Geology (Sections 4-12 of this Technical Report) Gary Giroux (P.Eng.), of Giroux Consultants Ltd. is the QP for all matters relating to the Mineral Resource Estimate (Section 14 of this Technical Report). This report also makes recommendations for additional exploration to further define and expand the known zones of mineralization. This report builds upon an earlier report entitled ‘NI-43-101 Preliminary Economic Assessment For The Deer Horn Gold-Silver-Tellurium Property’ dated July 26, 2013. Supporting historic data was sourced principally from two technical reports prepared in 1990 by P. Folk of Golden Knight Resources Inc. Deer Horn Capital Inc. (“DHC”, “Company” or “Proponent”) owns a 50% interest in the Deer Horn property and may acquire an additional 25% interest in the property from Guardsmen Resources Inc. (“Guardsmen”). Under the terms of an agreement dated August 13, 2009, by paying the costs required to bring the property to commercial production. | |
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