Steppe Gold Ltd T.STGO

Alternate Symbol(s): STPGF

Metals & Mining Industrial Metals & Minerals

Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation.

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Steppe Gold Ltd

Bullboard Posts

Post by Ogopogo007on Feb 04, 2020 9:47am

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Post# 30639167

grade creep..2.13 to 1.96 gpt

Mined, crushed and stacked ~ 300,000t of ore at 2.13g/t gold on the leach pad. Leaching expected to start in Q1/20 and ~60koz projected to be produced in 2020.

So now it's 400,000 at 1.96...so actual grade being mined is well below 1.96 to pull 300,000 tons to down from 2.13...for those of us that can do math

So now leaching is "projected" to start Q2

How much of a haircut will the 60,000 oz in 2020 be? Hopefully not the same haircut the 12,000 oz in 2019 was

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario