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Pilot Gold Inc.
Summary
| Project: | Halilaga | |
|---|---|---|
| Deposit: | Halilaga | |
| Location: | Turkey | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 1/29/2015 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing PEA | |
| Report details: | 29-1-2015: Pilot Gold Inc. announces a PEA report for its Halilaga deposit at the Halilaga project. NPV7% of $474 million, 43.1% IRR and 1.3 year payback;. Pilot Gold (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to announce the completion of a n | |
| Resources: | ||
| CP/QP: | [Overall Report]: Moira Smith (Internal) | |
| ABSTRACT: | Pilot Gold (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to announce the completion of a new Preliminary Economic Assessment (“PEA”) for the Halilaga copper-gold porphyry project in northwestern Turkey (“Halilaga” or the Project”). The revised PEA illustrates a robust, low strip, technically simple and scalable open-pit copper-gold project, utilizing conventional milling and flotation methods. It requires modest up-front capital, has a rapid payback, low cash costs, strong cash flows and generates strong after-tax IRR of 43.1% and an NPV7% of US$474 million. | |
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