Receive Federal Permit to Mine Hill ofGold Satellite Deposit Vancouver, British Columbia--(Newsfile Corp. - December 2, 2021) - West Vault Mining Inc. (TSXV: WVM) (OTCQX: WVMDF) ("West Vault" or the "Company") is pleased to announce receipt of a federal permit which allows mineralized material to be mined at the Hill-of-Gold satellite deposit. Mineralized material from the Hill-of-Gold property is planned to be hauled 2.5 miles for processing at the fully-permitted Three Hills Mine, which is phase one of the Hasbrouck Gold Project, immediately followed by mining at the phase two Hasbrouck Mine.
A sensitivity analysis in a Pre-feasibility Study Technical Report (defined below), which does not include the Hill-of-Gold, estimates a 92% IRR at a price of $1,800 per Troy ounce of gold. The effect of adding Hill-of-Gold mineralized material is likely to be positive to the Hasbrouck Gold Project economics.
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