Steppe Gold Ltd T.STGO

Steppe Gold Files Updated Preliminary Economic Assessment fo

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ULAANBAATAR, Mongolia, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce the filing of an updated preliminary economic assessment (the “Technical Report”) regarding its 100% owned Tres Cruces Oxide Gold Project located in Peru (“Tres Cruces”).

Chairman and CEO of Steppe Gold, Bataa Tumur-Ochir commented, “We are delighted to announce this updated technical study for the Tres Cruces project. Tres Cruces is strategically located in a highly prospective geological belt that hosts the Lagunas Norte and La Arena mines, both with multi-million ounce gold production. The Tres Cruces deposit contains oxide plus sulphide indicated resources of 2,474,000 ounces with a grade of 1.65 g/t gold, inclusive of 630,000 ounces contained within leachable gold oxide mineralization with a grade of 1.28 g/t gold. Located in the La Libertad, Peru, surrounded by operating mines with the attendant infrastructure and talent pool, this asset shows great potential as a new production zone for Steppe Gold. We are excited with the strong economics confirmed by recent drilling and metallurgical testing, as well as the exploration potential across the license area.”

https://www.globenewswire.com/news-release/2023/08/21/2729084/0/en/Steppe-Gold-Files-Updated-Preliminary-Economic-Assessment-for-the-Tres-Cruces-Oxide-Gold-Project.html