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Project: | Kiena | |
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Deposit: | Kiena | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 6/25/2020 | |
Report Code: | NI43-101 | |
Report Type: | PEA | |
Project Stage: | Mine in Care & Maintenance | |
Report details: | 25-6-2020: Wesdome Gold Mines Ltd. announces a PEA report for its Kiena deposit at the Kiena project. PEA results incl. post-tax NPV (5%) of C$416M & IRR of 102%. The Project is in the Province of Quebec in the Abitibi-Temiscamingue administrative region | |
Resources: | (Resources): 0.97Mt @ 14.5g/t Au (Ind.) & 1.12Mt @ 11.0g/t Au (Inf.) | |
CP/QP: | [Overall Report] Tom Corkal, Colin Hardie, Luciano Piciacchia, Pierre-Luc Richard, Jorge Torrealba (BBA Inc.) | |
ABSTRACT: | The Project is in the Province of Quebec in the Abitibi-Temiscamingue administrative region within the limits of the municipality of Val-d’Or and 100 km east of Rouyn-Noranda. It lies to the northwest of the urban centre of Val-d’Or and covers 7,047 ha. The coordinates for the approximate centre of the Project are latitude 48°08' N and longitude 77°54' W (284105E and 5335715N: NAD 83 / UTM Zone 18). As of October 29, 2019, the Kiena Mine Complex property consists of a contiguous group of 183 contiguous electronic map designated mining claims and one mining concession. From the 183 mining claims, Wesdome has 169 claims registered in their name at 100%. Six claims are held by Mines Dynacor (50%) and Wesdome (50%), which represents the Maufort property. Eight claims are held by Wesdome (75%) and 9264-7890 Québec inc. (25%), which represents the Siscoe Extension property. Some of the mining titles comprising the Project are subject to certain agreements and royalties | |
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