MOVING FORWARD
TO PRODUCTION

Estimated Project Parameters: For a 3 year mine life (about 23,000 ozs p.a., upfront capex = $5.5M (including working capital), AISC cost = $875/oz, LOM strip ratio = 1:1 with no pre-strip.

 

  • Technical Report completed December 2018.
  • Permitting -in progress; obtained concurrently with Federal, State and local activities – expected duration 18 to 24 months.
  • Acid Based Accounting indicate this material shows no potential for acid generation due to the net neutralizing capability and the low pyritic sulfur content.
  • Metallurgical Testing showed ore was amenable to simulated heap leach cyanidation treatment at an 80%-1” feed size. Column leach test gold recovery was 69.8% in 74 days of leaching.
  • Re-Assay drill hole pulps – Comparing 2014 assay results from Skyline to 1986 historic assays from Chemex Labs, shows a 98% correlation between samples; confirming the values obtained from Chemex for the historic values.
  • Historical exploration includes detailed geological and alteration mapping, surface rock sampling, as well as +200 RC and rotary air blast drillholes totaling over 29,102 feet (8,870m).

Claim Outline

Area IV Mineralization

Metallurgical Testing Results

Gold recovery – 69.8% in 74 days of testing

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