Minera Alamos Provides Sabre Gold Acquisition and Operations "
Minera Alamos Provides Sabre Gold Acquisition and Operations Update..."
"...
Copperstone Gold Project Developments
Following the recent Sabre Gold acquisition announcement, the Company and Sabre are moving quickly to finalize the transaction, with the Sabre shareholder meeting now set for January 14th, 2025, in parallel with the initiation of project development activities. To date, this includes:
- On November 11th, Sabre announced the repurchase of a 1.5% existing net smelter royalty ("NSR") on the Copperstone project in exchange for a non-core 0.5% NSR right held by the company on the 3 Aces project being explored by Seabridge Gold Inc. The completion of the transfer further reduces the historical royalty levels attached to the Copperstone project.
- The Company is preparing updated process models and flowsheets for the construction of the new Copperstone processing facility. This work is expected to be completed before year-end.
- Underground development plans are being reworked and are expected to reduce some of the reliance on higher operating cost mining methods while providing improved operational flexibility in order to more effectively maintain mining rates as envisioned in the 2023 Preliminary Economic Assessment ("PEA") for the project.
- Work is underway to finalize the preparation of the Company's existing grinding and flotation equipment for shipment to Copperstone, so it is available at site early in 2025 in advance of the start of the process plant construction.
In the coming months the Company will be able to more fully quantify the positive impact various current Minera initiatives will have on the overall Copperstone project economics as compared to those summarized in the 2023 PEA completed by Sabre...."
https://www.newsfilecorp.com/release/230374/Minera-Alamos-Provides-Sabre-Gold-Acquisition-and-Operations-Update