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).