Mining Weekly reported that Guyana Goldfields filed a positive technical report with for its Aurora gold project in Guyana.
As quoted in the market report:
The report had found the project to hold an estimated after-tax-and-royalties net present value of $800-million at a 5% discount when using a gold price of $1 300/oz. The after tax and royalties internal rate of return is 38% when using the same parameters and the mine has an expected price tag of $205-million.
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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