Gold Springs is a Large Property of nearly 8000 ha with 4 Historic Mining Districts, located in USA, on the border of Nevada and Utah, one of the Best Mining Jurisdictions in the World.
The Project has 33 Gold Targets, including:
4 Targets with Existing Resources of 833’000 oz Gold Equivalent (PEA 2020),
4 Targets with Significant Discoveries in 2021 and 2019,
25 Targets with Significant Potential.
The Company believes Gold Springs has the Potential to become a Multimillion Ounces Gold Project and is therefore focused on the rapid development of its PEA-Stage Project towards a Pre-Feasibility Study.
Gold Springs is located in the USA, on the Border of Nevada & Utah, One of the Best Mining Jurisdictions in the World (low political, environmental, and tax risks).
Large Project of nearly 8000 ha with 4 Historic Mining Districts and 33 Gold Targets (4 with estimated resources of 833'000 oz gold equivalent open to expansion, and 29 with significant potential).
Strong Economical Viable Project with an NPV of $200 million (2020 PEA with 5% after-tax and $1,600 gold price per oz).
Low Capex of $83.5 million and a Low All-In Sustaining Cost (AISC) of $837 per ounce of Gold produced, as the Resources are near the surface and Heap Leachable (low in comparison with some Nevada’ Mines AISC: Coeur $1,251, Kinross $983, Newmont $925).
2022 Ongoing Drilling Program of 20’100 Meters RC and 2’000 Meters Core with the Objective:
Our 2022 exploration program also includes the expansion of CSAMT geophysical surveys on various targets and completion of baseline studies to advance the mine permitting process.
The Company believes Gold Springs has the potential to become a Multimillion of Ounces Gold Project.