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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

Comment by Jack79on May 18, 2021 5:59am
100 Views
Post# 33220348

RE:Q1 2021 BCM vs tonnes mined & stacked

RE:Q1 2021 BCM vs tonnes mined & stackedWell..it's true Ogo...strip ratio around 1.7-1.8 bcm per ton. First study was Centerra gold FS. They noted strip avg. around 1.35. Latest NI issued in sedar by STGO tells strip ratio around 1.5......LOM 5 years, highest strip ratio calculated on 3rd & 4th yrs...means next yr same waste rock they'll move. 

This DFS for DRA Phase-II CIL with mill plant, i guess. But are they already been ordered a mill plant? Interesting, EPC without initial design...what would that be? Poor DRA, ...will be try hard align their processes with "Mongolian way"

Seems STGO had some lawsuit case with their mining subcontractors. Plaintiff claimed around  250,000 US$ eq. amount. Defendant is STGO & 1 construction company. What i think while saw this,...is close related with Mongolian way. Trying Git'R-done without blueprints, layouts, design. Same will happen to DRA? Or that's another Mongolian way to keep their cash "positive"?

.......


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