our neighbour Brunswick’s neighbour….the Ct Gold Project
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Ref sedar.com
Also stockhouse
IMG NEWS RELEASE FEB 12 2018
Ct Gold Project, Canada: An initial Reserve of 3.84 million attributable ounces, converted from resources as an outcome of positive results from a Prefeasibility Study, was announced on June 5, 2017.
Attributable Indicated and Inferred Resources at Ct are now 5.2 million ounces and 0.8 million ounces respectively.
Resources are lower than the resources announced last year, primarily as a result of the sale of 30% of the IAMGOLD interest in Ct to Sumitomo Metal Mining as announced concurrently with the Prefeasibility Study results.
A Feasibility Study is currently underway for the Ct Gold Project, with expected completion in the first half of 2019, at which time a construction decision will be taken.
As part of the feasibility work, a drilling program has been undertaken to: (i) improve the confidence classification of the existing Reserves and Resources; (ii) convert Inferred Resources from the Prefeasibility Study for inclusion in the Feasibility Study Reserves and mine plan; (iii) further geotechnical investigation of the pit and infrastructure areas; and (iv) condemnation of infrastructure, tailings storage and mine rock dump areas. An updated Reserve and Resource declaration, incorporating the new drilling and refined cost models, will be produced as an outcome of this feasibility work
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Just a Side note
To anyone who might be interested …The USUAL sequence of reports is……………..
…resources
…prefeasibility/feasibility
…reserves
With a lot more drilling, BRUNSWICK could have a resource report this year.