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Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

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.


TSX:STGO - Post by User

Post by Ogopogo007on Feb 27, 2021 12:01pm
155 Views
Post# 32678962

Nice hockey stick shape to Mungo

Nice hockey stick shape to Mungohttps://orders.newsfilecorp.com/files/6562/75306_6b05200e646c792f_005full.jpg

Mining the shaft portion should be straight forward open pit however looking at slide 18 here

https://steppegold.com/content/uploads/2020/09/STGO-Presentation-September-2020.pdf

Looks like the top section is only .3-.5 GPT down to 250 meters or deeper

Mungu Discovery
MG-122 34.3mat 7.6g/tgold, 24.11g/tsilver from 259.7metres
MG-130 33.5mat 2.07g/tgold, 181g/tsilver from 286 metres

But how to mine the blade part of hockeystick? If openpit....lot of barren rock above that needs to be moved for safe sidewalls of pit. Could be one MoFo of a strip ratio.
As Brent Cook preaches about economic ounces...turning money into rocks or rock into money?

Price of oil has increased....takes a lot of diesel to move rocks and generage electricity. Ore haulers look on the small side...great for local economy to hire lots of drivers to move 30 tonnes at a time, better for shareholders if only need to hire 1 to haul 300 tonnes at a time.
With only a 4 yr oxide mine life...perhaps dinky toys are better

JMHO
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