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Silver Bear Resources Plc
Summary
| Project: | Mangazeisky | |
|---|---|---|
| Deposit: | Vertikalny Central | |
| Location: | Russia | |
| Commodities: | Silver | |
| Date: | 6/9/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 9-6-2016: Silver Bear Resources Plc announces a Feasibility Study report for its Vertikalny Central deposit at the Mangazeisky project. Feasibility study results incl. pre-tax NPV (5%) of US$79.7M, IRR of 43.6%, 2.1 year payback period. The Mangazeisky Pr | |
| Resources: | (Reserve, Prob.): 801000t @ 772g/t Ag for 19.886Moz Ag contained at Vertikalny Central | |
| CP/QP: | [Resources]: Robert Davies (Tetra Tech/Coffey Mining Ltd.) | |
| ABSTRACT: | The Mangazeisky Project (the Project or the Property) is a silver property located in the region of Yakutia, Republic of Sakha, Russia, and is 100% owned by ZAO Prognoz (Prognoz), a wholly-owned subsidiary of Silver Bear Resources Inc. (Silver Bear). In September 2014, Silver Bear commissioned Tetra Tech to complete a National Instrument 43-101 (NI 43-101) compliant feasibility study for the Project, focusing on the silver mineralization of the Vertikalny deposit. The study also restates the current Mineral Resource for the Nizhny Endybal deposit and the Mangazeisky North and South deposits, all of which are also located within the Property area. The effective date of this study is 9th June 2016 and the effective date of the Vertikalny Mineral Resource estimate is 10th February 2015. All currency is reported in US dollars (USD), unless otherwise noted. | |
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