For those dont understand how these types of deposits are mined look at this video of Victoria Gold's Eagle mine (and look at all the other cool construction videos too!!)
https://www.vitgoldcorp.com/project...agle-gold-videos/videos/early-september-2019/
Better still look at their investor presentation https://www.vitgoldcorp.com/site/assets/files/6373/2019-09-vit-cp.pdf
Their 1st gold pour is 17 September 2019!!
I dont think they would be building all this infrastructure if it wasn't economical!
Simple open pit mining and leach processing is the key and that is what Estelle would likely use too, with a low strip ratio
Below is some numbers from their presentation above:
Even with grades of 0.67g/t for Eagle Gold and 0.29 g/t for Fort Knox their costs are still USD$539/oz and USD$837/oz respectively. Seems very economic and profitable to me
For those dont understand how these types of deposits are mined...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NVA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
-0.025(14.7%) |
Mkt cap ! $35.31M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 12.5¢ | $227.1K | 1.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55396 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NVA (ASX) Chart |