Amazing high-grades - the market will wake up to this soon...

Amazing high-grades - the market will wake up to this soon because this stock stands to make serious cash.

• Minera La Victoria SA (“MLV”), the Cuban joint venture company in which Antilles Gold has a 49% shareholding, plans to develop an open pit operation to mine 800,000 tpa of ore with an estimated 7:1 stripping ratio to produce in excess of 60,000 tpa of high-grade refractory concentrate.
• Based on results from 50,000m of historical drilling and extensive metallurgical testwork by Canadian mining companies, the proposed open pit mine is expected to have a life of 6 years, and be followed by an underground operation for at least 10 years, with concentrate grades of approximately 45 g/t Au equivalent.
• The current Financial Model for the first stage of the mine development based on this data indicates a robust project, and the DFS is expected to replicate these forecasts.MLV has completed over 60% of a 25,000m drilling program for the open pit mine with excellent results to date that have been reported to ASX.
• Initial JORC compliant resources are expected to be established by year end with final resources for the open pit mine available around April/May 2022.
• Current testwork on drill core at SGS’s laboratory will establish preliminary estimates of flotation recoveries and concentrate grades within three months, with final estimates in mid 2022.
• Concentrate samples should also be available to allow commencement of negotiations for off-take agreements with potential buyers in early 2022.It is anticipated the DFS will be completed in September/October 2022 in time for a development decision in Q4 2022 which is expected to be positive, and lead to commissioning of the mine in Q4 2023, or Q1 2024.