Mining Weekly reported that a pre-feasibility study on Chesapeake Gold’s Metates silver/gold project in Mexico has revealed a potential $3.9 billion net value in undeveloped deposits.
As quoted in the market report:
The mine is expected to produce on average 845 000 oz of gold, 25.1-million ounces of silver and 190-million pounds of zinc, at an average gold equivalent cash cost of $410/oz, net of zinc credits during year two to seven.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|