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Rosita Mining Corp.
Summary
| Project: | Rosita | |
|---|---|---|
| Deposit: | Santa Rita | |
| Location: | Nicaragua | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 3/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 9-3-2017: Rosita Mining Corp. announces a PEA report for its Santa Rita deposit at the Rosita project. PEA results incl. post-tax NPV (7%) of US$33.9M, IRR of 41%, LOM of 10yrs. Rosita Mining Corporation (hereafter called “Rosita Mining”), a TSX Venture E | |
| Resources: | ||
| CP/QP: | [Resources]: Yungang Wu (Wu's Mining Geological Consulting Inc.) | |
| ABSTRACT: | Rosita Mining Corporation (hereafter called “Rosita Mining”), a TSX Venture Exchange listed company (Symbol: RST), commissioned D.E.N.M. Engineering Ltd. (D.E.N.M.) to prepare an independent preliminary economic assessment for the Santa Rita Gold-Copper-Silver project in eastern Nicaragua. The work entailed supervision of updated metallurgical testwork, preliminary flowsheet development, operating and capital costs, and the present project economics. Previous studies on the property were carried out by Wu's Mining Geological Consulting Inc. (WMGC) who undertook an independent study for a resource estimate in compliance with National Instrument NI 43-101 on six stockpiles and tailings for Rosita Mining. The results from this study were reported and published on February 8, 2016 (Effective date) and March 23, 2016 (Signing Date). Sections of that report are incorporated and included in this PEA report in specific sections noted and form the basis for resource tonnages and grades for the project. Rosita Gold-Copper-Silver project (Rosita) located in the municipality of Rosita in the Región Autónoma de la Costa Caribe Norte (RACCN), Nicaragua. The Rosita project is situated an approximate distance of 390 kilometres northeast of the capital city of Managua. Apart from the Resources of the Stockpiles and Tailings, the Rosita D Concession has many exploration targets, where there is good potential to find metal bearing material that would be treatable in the Treatment Plant that is planned. | |
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