Post by
Jack79 on Jul 31, 2021 1:11am
STGO's last promise made....on June 30
NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS & MANAGEMENT INFORMATION CIRCULAR - June 30, 2021 at 10:00 am (ULAT) : Page 88, section OUTLOOK
- The Company plans to resume leaching and production in April 2021. It is targeting annual production in 2021 and 2022 of between 50,000 to 60,000 oz and then a transition to the fresh rock ores in 2023. Production forecasts for 2021 are dependent on a restart of leaching in April 2021 and no further delays on procurement due to COVID 19.
- The Company is now stacking ore on cell 3 of the leach pad. Stacking of the first level of the leach pad (Cells 1-5) will continue through 2021. Completion of the boiler house, used to warm the barren solution, is planned for Summer 2021.
- Construction of foundations and installation of the new crusher will start in early April and it is scheduled to be operational by July 2021.
- Metallurgical testing is progressing well with encouraging results and the bankable feasibility study is on track for completion in summer 2021.
A LIE again? Or immaterial facts/events accordingly by STGO's own rule.........Breaking bad....Wrong turn....UFB