Nexus Uranium Corp C.NEXU

A TON of info in the "CEO LETTER TO THE SHAREHOLDERS"

[5baggercalls]

This was never news released. You would have got it if you are a subscriber to their email. I only had a change to read it today and DAMN i'm excited! I'm including a small snippet and the link to read on your own.

 

Our near-term goal at the Independence project is to deliver a global gold resource of between 1.3 to 1.5 million ounces. Within that global resource, we are targeting at least a half a million ounces of gold within the oxide portion of the deposit which would be able to support a heap leach mining operation with annual production of about fifty-thousand ounces of gold for eight years. This represents almost a doubling of the existing oxide resource and more importantly, something we feel is of significant scale as a cornerstone asset for a junior mining company.

Once the resource update is complete, the oxide portion of the project will be advanced to a Preliminary Economic Assessment or PEA, scheduled for delivery by year’s end 2021. The PEA will provide an economic analysis and initial value for the oxide portion of the Independence project as well as providing a preliminary cost estimate for construction. Should the PEA outline sufficient economics, our goal will be to continue to advance the oxide portion of the project to a production decision in the near future.

https://goldenindependence.co/ceo-letter-to-the-shareholders/