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Trilogy Metals Inc.
Summary
| Project: | Arctic | |
|---|---|---|
| Deposit: | Arctic | |
| Location: | United States | |
| Commodities: | Copper-Silver-Gold-Lead-Zinc | |
| Date: | 2/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-2-2018: Trilogy Metals Inc. announces a Pre-Feasibility Study report for its Arctic deposit at the Arctic project. Pre-feasibility study returns pre=tax NPV (8%) $1.935M, IRR 33.4%. February 20, 2018 - Vancouver, British Columbia – Trilogy Metals Inc. | |
| Resources: | (Reserve, Prob.): 43Mt @ 2.32% Cu, 3.24% Zn, 0.57% Pb, 0.49g/t Au, 36g/t Ag at project | |
| CP/QP: | [Resources]: Bruce M. Davis, Robert Sim (SIM Geological Inc.) | |
| ABSTRACT: | February 20, 2018 - Vancouver, British Columbia – Trilogy Metals Inc. (TSX/NYSE American: TMQ) (“Trilogy Metals” or the “Company”) is pleased to announce the positive results of its Pre-Feasibility Study (“PFS”) for its Arctic Copper-Zinc-Lead-Silver-Gold Project (“Arctic” or the “Arctic Project”) in the Ambler mining district of Northwestern Alaska. These results convert indicated mineral resources at Arctic to probable mineral reserves. All amounts are stated in U.S. dollars unless otherwise stated. The PFS was prepared under National Instrument 43-101 standards by independent consultant, Ausenco Engineering Canada Inc. (“Ausenco”) of Vancouver, Canada and the full technical report will be filed on SEDAR and EDGAR within 45 days of this news release. The Company also engaged Amec Foster Wheeler (“Amec”) to complete mine planning and SRK Consulting (Canada) Inc. (“SRK”) to complete tailings and waste design, hydrology and water management studies. The PFS for the Arctic Project describes the potential technical and economic viability of establishing a conventional open-pit copper-zinc-lead-silver-gold mine-and-mill complex for a 10,000 tonne-per-day operation. The base case scenario utilizes long-term metal prices of $3.00/lb for copper, $1.10/lb for zinc, $1.00/lb for lead, $18.00/oz for silver and $1,300/oz for gold. The PFS was prepared on a 100% ownership basis. | |
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