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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Los Filos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-1-2019: Leagold Mining Corp. announces a Feasibility Study report for its Los Filos deposit at the Los Filos project. Feasibility Study results incl. post-tax NPV of US $565M (5%), IRR of 87%, 10yr LOM at the project. Vancouver, January 16, 2019 – Leag | |
| Resources: | (Reserve, P+P): 111.328Mt @ 1.22g/t Au for 4363Koz Au contained | |
| CP/QP: | [Resources]: Gilles Arseneau (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | Vancouver, January 16, 2019 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (Leagold or the Company) reports that a Feasibility Study (Expansion Feasibility Study) prepared by independent consultants for the expansion of the Company’s Los Filos mine in Mexico is now complete. The Expansion Feasibility Study incorporates the potential for: development of the Bermejal underground mine, enlarging the Los Filos open pit mine, re-phasing of the Bermejal open pit into two distinct open pits (Bermejal and Guadalupe), and the construction of a carbonin-leach (CIL) processing facility to complement the existing heap leach facilities. Leagold CEO Neil Woodyer commented: “When we acquired Los Filos in April 2017 from Goldcorp, we identified its potential to be developed into a long life, low-cost operation with significant scale. During the 20 months since the acquisition, we have carried out extensive exploration programs for both open pit and underground deposits, developed a 1,330-metre ramp to access the ore body at Bermejal underground, completed the Bermejal underground mine design, completed comprehensive metallurgical test work on all of the mineral deposits to support the CIL plant design, and learned a lot from current operations. Our investment in this | |
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