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Serengeti Resources Inc.
Summary
| Project: | Kwanika | |
|---|---|---|
| Deposit: | Kwanika | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 4/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 28-4-2017: Serengeti Resources Inc. announces a PEA report for its Kwanika deposit at the Kwanika project. JV - Amended PEA results incl. post-tax NPV (7%) C$191M, IRR of 16.6%, LOM of 15yrs. The Serengeti Resources Inc. Kwanika Project (the Project) invo | |
| Resources: | ||
| CP/QP: | [Resources]: Marek Nowak (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | The Serengeti Resources Inc. Kwanika Project (the Project) involves the development of a copper-gold deposit located near Fort St. James, British Columbia, Canada. The resource evaluation work of this technical report was completed by Marek Nowak, P.Eng and Chad Yuhasz, P.Geo of SRK, Mr. Nowak and Mr. Yuhasz are independent Qualified Persons for the geological resources presented in this Technical Report. The Preliminary Economic Assessment (PEA) is based on exploration and internal Serengeti studies since 2004. The Resource model used is most recently described in an NI 43-101 Technical Report dated December 2016, which is referenced in this report. This PEA adds a revised mine plan and infrastructure design at scoping level of accuracy to the 2016 Resource by SRK. This 2017 design work is a revision to the 2013 Technical Report. The mine plan includes an integrated open pit and underground production schedule using typical operating parameters for comparable projects. SRK estimated copper, gold and silver resources for the Central Zone and copper, gold, silver and molybdenum resources for the South Zone. The resource block models are based on 180 drillholes, 122 located in the Central Zone and 58 located in the South Zone. The Central Zone was estimated in five domains limited to a volume defined by a 0.1% copper equivalent grade shell. The South Zone was estimated in two domains limited to a volume defined by a 0.07% copper equivalent grade shell. Copper equivalent values for the design of the grade shells were calculated from copper and gold only. It is recommended to advance the Project to a higher level of study to continue towards an eventual production decision. | |
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