Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s): SGLDF

Metals & Mining Gold

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.

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Sabre Gold Mines Corp

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Post by GoldenPolarBearon Jun 29, 2023 9:24am

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Post# 35520203

Star Royalties Highlights Preliminary Economic Assessment

"...

Star Royalties Highlights Preliminary Economic Assessment at Sabre Gold’s Copperstone Gold Mine..."

".... Star Royalties Ltd. ("Star Royalties", or the "Company") (TSXV:STRR)(OTCQX:STRFF) is pleased to highlight the results of a Preliminary Economic Assessment ("PEA") on the Copperstone Gold Mine, announced by Sabre Gold Mines Corp. ("Sabre Gold") (TSX:SGLD, OTCQB:SGLDF) on June 20, 2023.

All amounts are in U.S. dollars, unless otherwise indicated.

PEA Highlights

Robust post-tax economics result in a base case ($1,800/oz gold) after-tax IRR of 50.3%, low initial capital of $36 million and benefit from significant tax assets as well as recently reduced royalty encumbrance.
PEA supports a high-grade gold underground mining operation with an average annual production of 40,765 ounces gold over a 5.5-year mine life with an all-in sustaining cost of $1,290/oz gold.
Sabre Gold will continue to have discussions with potential providers of initial construction capital while earthworks are expected to commence as soon as a formal construction decision is made.
PEA mine plan prioritizes high-grade portions of the resource in early years to result in a payback period of less than two years, while generating nearly $90 million in after-tax cumulative undiscounted cash flow...."

https://www.accesswire.com/764517/Star-Royalties-Highlights-Preliminary-Economic-Assessment-at-Sabre-Golds-Copperstone-Gold-Mine

If only Sprott might provide... ?

https://www.kitco.com/news/2023-06-29/Gold-silver-see-mild-price-pressure-amid-bearish-technicals.html

https://financialpost.com/globe-newswire/talisker-announces-closing-of-the-initial-draw-on-the-us31250000-financing-with-sprott-streaming-for-the-bralorne-gold-project

https://www.mining.com/sprott-backs-seabridge-with-150-million-ksm-smelter-royalty/