OxideExeter's Chairman, Yale Simpson stated "our heap leaching simulations are providing very good recoveries for the oxide deposit that forms a gold-only blanket of mineralization overlying the main Caspiche gold-copper resource. As the oxide deposit must be removed to access the lower sulphide ores, we are encouraged that the potential exists for an economically viable stand-alone project, independent of the much larger oxide-sulphide project.
"Should the outcome of the oxide PFS study be positive, it will provide the option of moving immediately into detailed feasibility studies and mine permitting. This option could provide a far shorter timeline to production than the full oxide-sulphide project".
PFS out in Q 2. No ore crushing needed for production of 1M / OZ gold .Heap leach operation. Strip ratio=0.3/1 for waste/ore.
Not to shabby