For thousands of other reports visit RSC's Mineral Intellingence Map
West Kirkland Mining Inc.
Summary
| Project: | Hasbrouck | |
|---|---|---|
| Deposit: | Hasbrouck, Three Hills | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 9/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 1-9-2016: West Kirkland Mining Inc. announces a Pre-Feasibility Study report for its Hasbrouck, Three Hills deposit at the Hasbrouck project. Updated PFS results incl. post-tax NPV (5%) of $120M, IRR of 43.2%. Mine Development Associates (“MDA”) has prepa | |
| Resources: | (Reserve, P+P): 45.27Mt @ 0.017oz/t Au, 0.233oz/t Ag at Hasbrouch project | |
| CP/QP: | [Resources]: Paul Tietz (Mine Development Associates) | |
| ABSTRACT: | Mine Development Associates (“MDA”) has prepared this Technical Report and updated Preliminary Feasibility Study (“PFS”) on the Hasbrouck gold-silver project, located in the state of Nevada, at the request of West Kirkland Mining Inc. (“WKM”), a Canadian corporation publicly traded on the TSX Venture Exchange (TSX: WKM). This report supersedes the Technical Report and PFS of Tietz et al. (2015). In January, 2014, WKM entered into an agreement with Allied Nevada Gold Corp. (“Allied”) to acquire up to a 100% interest in Allied’s Hasbrouck and Three Hills properties in Esmeralda County, Nevada. WKM’s subsidiary, WK Mining (USA) Ltd., subsequently completed the acquisition of an initial 75% interest in the Hasbrouck and Three Hills properties from subsidiaries of Allied Nevada Gold Corp. (“ANV”) on April 24, 2014. On September 11, 2014 WK Mining (USA) entered into a mining lease-topurchase agreement with Eastfield Resources (USA) Inc., covering 7 patented mining claims that became part of the Three Hills Property. Total consideration to be paid over the life of the lease is CDN$280,000, of which CDN$155,000 has been paid. On June 19, 2015, Allied announced that the United States Bankruptcy Court for the District of Delaware had approved the sale of Allied's exploration properties and related assets (excluding the Hycroft operation) to Clover Nevada LLC ("Clover Nevada"), a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP ("Waterton"), which included a 25% interest in the Hasbrouck project. The sale did not materially affect the contractual rights of WKM and WKM holds the title to the Hasbrouck properties. In this report the term WKM is used to refer to both West Kirkland Mining Inc., and WK Mining (USA), interchangeably. The purpose of this Technical Report and updated Preliminary Feasibility Study is to provide an updated economic analysis for the Hasbrouck project, comprised of the Hasbrouck gold-silver deposit and the nearby Three Hills gold deposit. Project economics are improved, compared to the 2015 PFS, resulting from reduced estimates of capital and operating costs, and a slightly increased gold recovery at the end of the mine life. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report