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Florida Canyon Gold Inc V.FCGV

Florida Canyon Gold Inc. is a Canadian junior gold producer with an asset in the United States. The Company’s principal operating asset is the Florida Canyon mine in Nevada. The Florida Canyon Gold Mine area is situated in northwestern Nevada within the Basin and Range physiographic province, which is typified by a series of northward-trending elongate mountain ranges separated by alluvial valleys. The Florida Canyon area is dominated by a major regional structural zone, termed the Humboldt Structural Zone, which is interpreted to be a 200-kilometer (km) wide north-easterly-trending structural zone with left-lateral strike slip movement.


TSXV:FCGV - Post by User

Post by Tim2Agamion Jul 19, 2024 2:41pm
219 Views
Post# 36140447

While waiting for shares, might as well...

While waiting for shares, might as well....... spend some time reading the NI 43 101 technical report released last week (11 July 2024)

Hard to drill down through the 200+ pages of overburden to get at the core (a few paragraphs on pages 218-222). but it's a mine in its fading days and not ready for a grand rebirth (let alone expansion) without capex of note (USD $144.1 million).  


25.15 "Under the assumptions in this Report, the Project shows a positive cash flow over the life-of-mine and supports the Mineral Resource and Mineral Reserve estimates. The projected mine plan is achievable under the set of assumptions and parameters used. The sulfide component of Mineral Resources shows positive economic value. Historic and current metallurgical test work shows that an economic concentrate can be made from this material."


https://s22.q4cdn.com/115151820/files/doc_downloads/technical_reports/florida_canyon/fcgv-2024-07-12-technical-report-ni-43-101-florida-canyon.pdf
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