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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:
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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.
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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;
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Straightforward metallurgy producing a high-quality copper concentrate with high gold and silver content;
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A low strip ratio;
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Nearby water supply from aquifers in Argentina; and
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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.
