For thousands of other reports visit RSC's Mineral Intellingence Map
Sandspring Resources Ltd.
Summary
| Project: | Toroparu | |
|---|---|---|
| Deposit: | Toroparu | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 6/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine Development | |
| Report details: | 4-6-2019: Sandspring Resources Ltd. announces a PEA report for its Toroparu deposit at the Toroparu project. PEA results incl. post-tax NPV of US $512M (5%), IRR of 16.39%. June 4, 2019 - Denver, Colorado and Vancouver, British Columbia -- Sandspring Reso | |
| Resources: | (Resource, M+I): 252Mt @ 0.91g/t Au, 240Mt @ 0.81g/t Ag. 0.084% Cu | |
| CP/QP: | [Overall Report]: Allan Moran, Frank Davies, Fernando Rodrigues (SRK Consulting) | |
| ABSTRACT: | June 4, 2019 - Denver, Colorado and Vancouver, British Columbia -- Sandspring Resources Ltd. (TSX Venture: SSP, OTCQX: SSPXF) (“Sandspring”, or the “Company”) is pleased to announce positive results from a Preliminary Economic Assessment (the “PEA” or “PEA Report”) of its Toroparu Gold Project in the Mazaruni-Cuyuni District of Guyana (the "Toroparu Project" or “Project”). The PEA Report is being prepared in accordance with National Instrument NI43-101 by SRK Consulting (US) Inc. ("SRK") and will be filed on SEDAR and the Company’s website within 45 days of the date hereof. The Toroparu Project has been re-scoped to include the Sona Hill satellite deposit, modification of the Project’s processing strategy to start with gold-only production from a Carbon-in-Leach circuit (“CIL”) for the initial ten years, followed by an expansion of the Project in year 11 to add flotation processing capacity and the streaming agreement with Wheaton Precious Metals International. 1 This PEA Report summarizes the results of the re-scoping at base case metal prices of US2 $1,300 gold (Au), $16.00 silver (Ag), $3.00 copper (Cu). A PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. The PEA documentation of mining production quantities will replace the 2013 Prefeasibility Study (the “2013 PFS”) Statement of Mineral Reserves3 . The PEA is based on exploitation of measured, indicated and inferred mineral resources while the 2013 PFS is based on the exploitation of proven and probable mineral reserves. Inferred resources from the Mineral Resource Estimate comprise 5% of the resources used in the production schedule reported in the PEA. The conclusions and results of the PEA replace the conclusions and results from the 2013 PFS. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report