TriMetals Mining CEO Ralph Fitch: Gold Springs is a “strongly economic unit”
TriMetals Mining (TSX:TMI) CEO Ralph Fitch says that the company’s flagship project, Gold Springs, in Nevada, is “a very strong project” and “we’ve already got what appears to be a strongly economic unit” with only 10% of the gold target.
TriMetals Mining (TSX:TMI) CEO Ralph Fitch spoke to the Investing News Network at the 2015 PDAC conference in Toronto about its various projects in Chile, Bolivia, and its flagship project Gold Springs in Nevada. TriMetals Mining is undergoing international arbitration for the expropriation of the Malku Khota project in Bolivia.
2014, Mr. Fitch says, “was a pivotal year for us,” as an updated resource for Gold Springs was announced, as well as a PEA which showed a pre-tax NPV 5% of $162 million with a 57.5% IRR. He continues, “It’s a very strong project, and the thing to remember about that is that we’ve only actually drilled 10% of the gold target so far and we’ve already got what appears to be a strongly economic unit.”