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Decade Resources Ltd V.DEC

Alternate Symbol(s):  DECXF

Decade Resources Ltd. is a Canadian based mineral exploration company seeking opportunities in the resource sector. The Company holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the Golden Triangle area of northern British Columbia. Its projects include Grassy, Premier East, Red Cliff, Lord Nelson, Del Norte and Terrace. The Terrace project includes Terrace Gold, Kleanza, Dardanelle, Treasure Mountain and Nobody Knows. The Company owns 100% of Goat property. The Copper River Valley properties are comprised of three main claim blocks; Terrace Gold-Darranelle-Treasure Mountain group of claims located in northern British Columbia. The property consists of 52 contiguous mineral claims. The Grassy property contains approximately 830.20 hectares in two separate claims which are owned 100% by the Company. The Red Cliff project consists of approximately eight mineral claims.


TSXV:DEC - Post by User

Bullboard Posts
Post by rallardon Jun 11, 2013 10:46am
209 Views
Post# 21510661

A neighbour going to

A neighbour going to

Production.

 

 

Pretium Resources Inc.: Positive Feasibility Study Completed for Brucejack High-Grade Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 11, 2013) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to announce a positive National Instrument 43-101-compliant Feasibility Study for the high-grade gold and silver resources identified to date at its 100%-owned Brucejack Project ("Brucejack" or the "Project") in northern British Columbia. The Feasibility Study was prepared by Tetra Tech.

Highlights (base case using US$1,350/oz gold , US$20/oz silver and exchange rate of US$/C$: 1)

  • Valley of the Kings Probable Mineral Reserves of 6.6 million ounces of gold (15.1 million tonnes grading 13.6 grams of gold per tonne) and West Zone Proven and Probable Mineral Reserves of 700,000 ounces of gold (3.8 million tonnes grading 5.8 grams of gold per tonne);
     
  • Average annual production of 425,700 ounces of gold over the first 10 years and 321,500 ounces of gold over the life of mine;
     
  • Base Case pre-tax Net Present Value (5% discount) of US$2.7 billion;
     
  • Base Case pre-tax Internal Rate of Return of 42.9%, with payback estimated at 2.1 years;
     
  • Mine life of 22 years producing an estimated 7.1 million ounces of gold;
     
  • Estimated project capital cost, including contingencies, of US$663.5 million;
     
  • Average operating costs of C$156.46/tonne milled over mine life.
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