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Resource Capital Gold Corp.
Summary
| Project: | Dufferin | |
|---|---|---|
| Deposit: | Dufferin, West Dufferin | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 28-11-2016: Resource Capital Gold Corp. announces a PEA report for its Dufferin, West Dufferin deposit at the Dufferin project. PEA results on Dufferin project. This report is a Preliminary Economic Analysis (PEA) of the feasibility of mining the Dufferin | |
| Resources: | (Resource, I+I): 151500t @ 11.9g/t Au (Ind) and 703900t @ 6.6g/t Au (Inf) | |
| CP/QP: | [Resources]: William Douglas Roy, Gregory Z. Mosher (Minetech International Ltd.;Global Mineral Resource Services Ltd.) | |
| ABSTRACT: | This report is a Preliminary Economic Analysis (PEA) of the feasibility of mining the Dufferin Property (the Property) with the presently defined Mineral Resources. The mining plan is based on using underground hard rock mining, trackless equipment and conventional gravity-flotation processing. A gold doré brick and a gold flotation concentrate will be the saleable items from the mine. This report builds on two earlier reports about the Dufferin Property by MineTech International Limited (“MineTech”). A 2009 property report1 gives a review of the history, geology and mineralization of the Property. A 2012 property report2 updated the 2009 report, and discussed both new exploration and the acquisition of the Property by Ressources Appalaches. Both reports are available on SEDAR3 . The Property consists of two portions, “East Dufferin” and “West Dufferin.” At East Dufferin, Resource Capital Gold Corp., through its subsidiary Maritime Dufferin Gold Corp., currently holds three separate but contiguous exploration licences consisting of 54, 40-acre claims for a total of 2,160 acres (874 ha). Exploration License 50561 covers the known mineral resources at East Dufferin. This licence was previously held as Mining Lease 94-2. The company also holds an Environmental Approval, and Industrial Approval for the East Dufferin portion of the Property, both of which remain in place and valid. | |
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