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Moss Lake Gold Mines (TSXV:MOK), a gold explorer based in Toronto, this week filed a preliminary economic assessment on its Moss Lake gold deposit located in Ontario.
Moss Lake Gold Mines (TSXV:MOK), a gold explorer based in Toronto, this week filed a preliminary economic assessment on its Moss Lake gold deposit located in Ontario.
The PEA study indicates an open-pit mine capable of averaging 244,000 ounces of gold a year for a 10-year minelife.
As quoted in the press release:
Management believes this study provides a reasonable basis to assess the potential economic viability of the Moss Lake gold deposit. The deposit has seen considerable drilling and has been subject to underground development the results of which support interpreted continuity of gold mineralization in a portion of the deposit.
Click here for the full press release by Moss Lake Gold Mines (TSXV:MOK)