Gold X Mining Corp. GLDXF

Metals & Mining Industrial Metals & Minerals

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 53,844 hectare (538 km2) 100% owned Upper Puruni Concession.

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Gold X Mining Corp.

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Post by orepasson Apr 20, 2016 9:08pm

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Post# 24791818

Big move coming...

This is the project of Victoria...I prefer Toroparu on most counts. VIT-V has 4X the shares SSP-V has outstanding (after pps) and closed @ $0.36 today...

A Robust Project

Resources:

4.8 M indicated oz Au (including Reserves)
(222 M tonnes @ 0.68 g/t)
1.5 M inferred oz Au
(78 M tonnes @ 0.60 g/t)
Reserves:

2.3 M oz Au proven and probable
(92M tonnes @ 0.78 g/t)
Strip ratio: 1.45:1
Construction & Working Capital - C$400 M
Production:

212,000 oz Au/yr
LOM: 1.7M