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Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.


TSX:SGLD - Post by User

Comment by StrikeGoldon Nov 24, 2021 11:52pm
100 Views
Post# 34164148

RE:Update.

RE:Update.

Yes, the Brewery Creek update is the big elephant in the room IMO.

https://www.miningnewsnorth.com/story/2021/01/19/mining-explorers-2020/a-new-vison-for-brewery-creek-gold-mine/6656.html
 
I don't recall seeing any posts since the merger regarding this, although I may have missed it, and which seems to be complelted ignored in the share price:
 
"it is estimated that roughly 248,000 oz of unrecovered gold remains in about 9.5 million metric tons of material Viceroy stacked on the heap-leach pad."
 
At $1800 an ounce that is about $450 million in gold mined but not processed if I'm reading it right (see entire article in link at the top).  Obviously there is a substantial cost to process it, and processing equipment is not ready, but the market seems to be igorning the entire Brewery Creek acquisition (at the moment).   Rather it seems to be caught up in a likely share consolidation.
 
Eric Sprout had invested in it substantially in earlier years it says, so am taking that as meaning it's not just a large hillside of gravel left.
 
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