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NGEx Resources has announced that it has started a preliminary feasibility study on its Josemaría project in San Juan Province, Argentina.
NGEx Resources (TSX:NGQ,Nasdaq Stockholm:NGQ) has announced that it has started a preliminary feasibility study on its Josemaría project in San Juan Province, Argentina.
As quoted in the press release:
Josemaría is currently part of the company’s project Constellation preliminary economic assessment which evaluated a combined project starting with an open pit mine at Josemaría, followed by underground development of the company’s nearby Los Helados deposit. The Constellation PEA demonstrates a robust, long-life project that represents one potential development scenario for the company’s projects. It also highlighted the quality and strengths of the Josemaría deposit including:
A near surface supergene enrichment zone that contains an indicated resource of 150 million tonnes at 0.56 percent copper and 0.38 grams per tonnes gold for a copper equivalent grade of 0.76 percent.
Its potential to produce an annual average of 185,000 tonnes of copper, 345,000 ounces of gold and 1.2 million ounces of silver in the first 5 years of production;
Straightforward metallurgy producing a high-quality copper concentrate with high gold and silver content;
A low strip ratio;
Nearby water supply from aquifers in Argentina; and
A well defined permitting regime and strong support for mining development from the San Juan provincial and National authorities in Argentina
Click here to read the full NGEx Resources (TSX:NGQ,Nasdaq Stockholm:NGQ) press release.
