"We have updated the Gabbs June 2023 PEA to include the development of the sulphide mineralization in addition to oxide mineralization and an increase in the mining rate to six million tonnes per year to provide for the development of a mid-sized mine," commented Joe Ovsenek, President and CEO of P2. Estimated pre-production capital cost, including contingencies, of US$277.7 million with payback of 3.0 years at Spot Metal Prices.Average annual gold equivalent production of 139,000 ounces at Spot Metal Prices. ![]() LOM gold equivalent production of 1.86 million ounces (79.1 million tonnes 0.54 g/t gold, 1.28 g/t silver and 0.27% copper) at Spot Metal Prices, with LOM production of 1.206 million ounces of gold, 1.742 million ounces of silver and 327 million pounds of copper.Total projected life-of-mine ("LOM") revenue of US$3.43 billion at Spot Metal Prices over 13.4-year mine life.After-tax net present value (5% discount rate) of US$292.2 million and internal rate of return of 17.0% at US$1918/oz gold, US$23.01/oz silver and US$3.73/lb copper ("Spot Metal Prices") (See spot to base case price comparison in Table 1).An NI 43-101 Technical Report will be prepared and posted on and the Company's profile on within 45 days of the date of this news release. ("P&E") in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"). The Updated PEA was prepared by Kappes, Cassiday & Associates ("KCA") of Reno, Nevada with Mineral Resource and mining contributions from P&E Mining Consultants Inc. 11, 2023 /CNW/ - P2 Gold Inc. ("P2" or the "Company") (TSXV: PGLD) (OTCQB: PGLDF) reports results from a positive Updated Preliminary Economic Assessment ("Updated PEA") on its wholly-owned gold-copper Gabbs Project located on the Walker-Lane Trend in Nevada.
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