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.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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