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Silver Bear Resources Plc
Summary
| Project: | Mangazeisky | |
|---|---|---|
| Deposit: | Mangazeisky North, Vertikalny | |
| Location: | Russia | |
| Commodities: | Silver | |
| Date: | 8/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 28-8-2017: Silver Bear Resources Plc announces a Feasibility Study report for its Mangazeisky North, Vertikalny deposit at the Mangazeisky project. Feasibility Study results incl. post tax NPV (5%) of $77M, IRR of 44.3%. Silver Bear Resources Inc. (Silver | |
| Resources: | (Resource, Ind.): 1.034Mt @ 1.079g/t Ag for 35.95Moz Ag contained at project | |
| CP/QP: | [Resources]: Robert Davies, Joseph Hirst (Tetra Tech Canada Inc.) | |
| ABSTRACT: | Silver Bear Resources Inc. (Silver Bear) retained Tetra Tech to complete a Technical Report of the Mangazeisky Project, located in Far East Russia. Silver Bear is a public limited company incorporated under the Business Corporations Act of the Province of Ontario, Canada, on 8th April 2004. Silver Bear is listed on the Toronto Stock Exchange (TSX) under the symbol SBR. Effective June 30, 2017, Silver Bear completed a redomicilliation transaction whereby Silver Bear was acquired by Silver Bear Resources plc, an English company, which now continues as the parent company. All references to Silver Bear after June 30, 2017 are to Silver Bear Resources plc. In compliance with National 43-101 (NI 43-101) guidelines, this Technical Report includes as of the effective date, all material scientific and technical information with respect to Silver Bear’s Mangazeisky Property and therein presents the current status and economic outlook of the Vertikalny deposit, re-states the current Mineral Resources for the Nizhny Endybal and Mangazeisky North and South deposits, and includes a summary of the Mangazeisky North deposit economic opportunity (Section 24.4) at its potential economic viability, which would occur if its Mineral Resources (other than Inferred Mineral Resources), are integrated into the Vertikalny mine plan. The effective date of this study is 20th August 2017, the effective date of the Vertikalny Mineral Resource estimate is 8th July 2016 and the effective date of the Mangazeisky North Mineral Resource estimate is 19th October 2016. All currency is reported in US dollars (USD), unless otherwise noted. | |
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