Gold Spring is a Large Property of 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 32 Gold Targets, including 4 Targets with Existing Resources of 833’000 oz Gold Equivalent (PEA 2020) and 28 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 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 8000 ha with 4 Historic Mining Districts and 32 Gold Targets (4 with estimated resources of 833'000 oz gold equivalent open to expansion, and 28 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).
2021 Ongoing Drilling Program of 27,300 Meters with the Objective to test the Expansion of the Jumbo Resources and to Drill Four New Targets with Significant Potential and High-Grade on the Surface (Charlie Ross, White Point, Midnight, North Jennie).
The Company believes Gold Springs has the potential to become a Multimillions of Ounces Gold Project.