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Royal Gold Inc.
Summary
| Project: | Peak Gold | |
|---|---|---|
| Deposit: | Peak Gold | |
| Location: | United States | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 6/2/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-6-2017: Royal Gold Inc. announces a Resource Estimation report for its Peak Gold deposit at the Peak Gold project. JV with Contango Ore Inc. - Updated no-code mineral resource estimate for Peak Gold. DENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ:RG | |
| Resources: | (Resource, M+I):10.6Mt @ 3.64g/t Au, 14.18g/t Ag, 0.16% Cu at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | DENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ:RGLD) (together with its subsidiaries, “Royal Gold” or the “Company”) is pleased to report that the Peak Gold joint venture (“Peak Gold”), of which our Royal Alaska subsidiary is a party, completed an estimate of mineralized material1 at the Peak and North Peak deposits located near Tok, Alaska. The estimate of measured and indicated resources2 contained within mineralized material at a $1,400 per ounce gold pit shell consists of 11.3 million tonnes grading 3.46 grams per tonne (“gpt”) gold, 14.09 gpt silver, and 0.16% copper.“These initial results are a great start and Peak Gold has identified several additional targets that will be pursued over the balance of the year,” commented Tony Jensen, President and CEO of Royal Gold. “We are encouraged by the robust grade and near surface characteristics of the deposits, which are located just a few miles from the intersection of Alaska Highways 1 and 2. We already own a royalty on the project and we will continue to focus on opportunities in the future aligned with our core business model. Peak Gold is progressing as we had hoped it would to this point, and we have appreciated an excellent working relationship with our host community of the Native Village of Tetlin and our joint venture partner, Contango ORE, Inc.”The measured and indicated resources were calculated with resource cones at a gold price of $1,200 per ounce with a cut-off grade of 0.5 grams per tonne and at $1,400 gold with a cut-off grade of 0.43 grams per tonne. | |
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