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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Gold Canyon Resources Inc V.GCU

Metals & Mining Gold


TSXV:GCU - Post by User

Gold Canyon Resources Inc > Pretivm just raised $ 540 million for their gold mine.....
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Comment by Spicoli420on Sep 17, 2015 12:12pm
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Post# 24112399

RE:RE:Pretivm just raised $ 540 million for their gold mine.....

RE:RE:Pretivm just raised $ 540 million for their gold mine.....The reason Pretivm can get financing and GCU can't right now is grade:

A feasibility study completed in June 2014 has outlined Proven and Probable mineral reserves in Brucejack’s Valley of the Kings comprising 6.9 million ounces of gold (13.6 million tonnes grading 15.7 grams per tonne gold).  Pretivm is advancing Brucejack to production as a 2,700 tonnes per day underground mine.

Springpole Gold Project - Mineral Resource Estimate
Classification Tonnage
(million metric tonnes)		 Gold grade
(grams per tonne)		 Silver grade
(grams per tonne)		 Gold Contained
(million troy ounces)		 Silver Contained
(million troy ounces)
Indicated 128.2 1.07 5.7 4.41 23.8
Inferred 25.7 0.83 3.2 0.69 2.7

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