OTCQX:DMMIF - Post by User
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PennyStackon Feb 16, 2016 2:01pm
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Post# 24562652
ZAMURA 1.1M oz avg 13.01 g/t. M&I - Very High Grade
ZAMURA 1.1M oz avg 13.01 g/t. M&I - Very High Grade - The construction of the Zaruma Gold Plant has been completed and is in intermittent operation
- Mine development has advanced so that the Zaruma Gold Project in in commercial production
- Measured and Indicated Gold resource of 1,094,000 oz at an average grade of 13.01 g/t
- Inferred Gold resource of 1,448,000 oz at an average grade of 12.16 g/t
- Base Case PEA for the Zaruma Gold Project estimate:
- a 15 year mine life
- total operating revenue of $1,460 million
- total EBITA of $683 million
- net after tax cash flow of $441 million
- after tax Net Present Value of $218 million
The Zaruma-Portovelo Mining District is a major, high-grade goldfield, having produced over 5 million ozs of gold in the past. Modern mining was initiated in 1905, when the South American Development Company developed the Portovelo mine, and ended in the 1950s. Dynasty has been able to reassemble most of the concessions that made up the original goldfield.
Estimated mineral resources at the Zaruma Project as contained in the Zaruma Report are as follows:
TOTAL MINERAL RESOURCES CONTAINED IN ZARUMA PROJECT | | Measured | Indicated | Inferred |
| Location | Tonnes
(million) | Grade
Au (g/t) | Contained
Au (Ozs) | Tonnes
(million) | Grade Au
(g/t) | Contained
Au (Ozs) | Tonnes
(million) | Grade
Au (g/t) | Contained
Au (Ozs) |
| Cabo de Hornos | 1.30 | 13.99 | 585,000 | 0.86 | 12.46 | 343,000 | 3.0 | 12.30 | 1,201,000 |
| Barbasco | 0.19 | 11.05 | 66,000 | 0.09 | 10.81 | 33,000 | 0.3 | 12.13 | 128,000 |
| Ayapamba | 0.07 | 12.64 | 30,000 | 0.06 | 11.63 | 23,000 | 0.2 | 12.40 | 96,000 |
| Vizcaya | 0.03 | 8.40 | 8,000 | 0.02 | 8.40 | 6,000 | 0.1 | 8.40 | 23,000 |
| | | | | | | | | | |
| Total | 1.59 | 13.48 | 689,000 | 1.03 | 12.18 | 405,000 | 3.7 | 12.2 | 1,448,000 |
https://www.dynastymining.com/properties/zaruma_updates.php