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Fiore Gold Ltd.
Summary
| Project: | Gold Rock | |
|---|---|---|
| Deposit: | Gold Rock | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 4/9/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-4-2020: Fiore Gold Ltd. announces a PEA report for its Gold Rock deposit at the Gold Rock project. EA results incl. post-tax NPV (5%) of US$32.8M, and IRR of 17.8%. Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “ | |
| Resources: | (refer to full report) | |
| CP/QP: | [Overall Report]: Michael Dufresne, Gregory Sparks (APEX Geoscience Ltd.;John T. Boyd Company) | |
| ABSTRACT: | Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce results from a Preliminary Economic Assessment ("PEA") completed for the federally-permitted Gold Rock gold project ("Gold Rock", or the "Project”) located approximately 8 miles southeast of its Pan Mine in White Pine County, Nevada. The PEA provides an updated mineral resource estimate and a base case assessment of developing the Project as a satellite open pit operation that will share significant infrastructure and management with the adjacent Pan Mine. The PEA also identifies a considerable number of opportunities to enhance the project economics as Gold Rock advances to the Feasibility stage by drilling to increase the mineral resource, further metallurgical testing aimed at improving recoveries, and geotechnical drilling aimed at reducing the stripping ratio. All financial figures are presented in United States dollars ($ or US$), and all units of measure are customary US units unless otherwise noted. The PEA was prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). A Technical Report with the details of the PEA be filed on SEDAR under the Company's profile within 45 days of the date of this news release. | |
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