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Steppe Gold Ltd.
Summary
| Project: | Altan Tsagaan Ovoo | |
|---|---|---|
| Deposit: | Altan Tsagaan Ovoo | |
| Location: | Mongolia | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 9/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-9-2018: Steppe Gold Ltd. announces an Exploration/Drilling Update report for its Altan Tsagaan Ovoo deposit at the Altan Tsagaan Ovoo project. Drilling results incl. 63.0m @ 6.28g/t Au, 5.91g/t Ag from 54m. Toronto, ON – Steppe Gold Limited (TSX: STGO) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Oyungerel Bayanjargal (GSTATS Consulting LL.) | |
| ABSTRACT: | Toronto, ON – Steppe Gold Limited (TSX: STGO) (the “Company” or “Steppe Gold”) is extremely pleased to announce the progress that has been made over summer at its Altan Tsagaan Ovoo and Uudam Khundii Gold Projects in Mongolia. The Company is now targeting completion of site construction by the end of 2018 and will be pushing hard to deliver first gold as soon as possible. The Project has experienced some recent delays due to circumstances outside of the Companies control. These issues have now largely been resolved and construction is now full speed ahead. All materials for the crusher and leach pad have been delivered to site and construction is now underway. Mining camp accommodation and restaurant has also been completed and commissioned. Initial mining and prestrip was completed on the ATO1 deposit with ores being stockpiled for crushing. Mining will now recommence on completion of the ADR plant and final licensing. The ADR plant fabrication has been completed and has been inspected by company representatives. The plant will now be mobilized to site for immediate construction and commissioning. The Company will be pushing hard to achieve all objectives by late 2018, but warns that weather events and the onset of winter could possibly hamper the production of initial gold. DRA Global has been appointed to manage and undertake a bankable feasibility study on the expansion of the ATO Gold Project to a 150,000oz gold per annum CIL gold silver operation. The study will be based on existing fresh rock ores at ATO1,2,4, in addition to the potential being seen at ATO4 - Mungu. A selection of photos has been included below demonstrating activities on site | |
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