Rokmaster Resources Corp. [[RKR-TSXV, RKMSFOTCQB]stated Friday it has actually launched favorable arise from an initial financial evaluation (PEA) for its Revel Ridge polymetallic job in southeastern British Columbia.
The business stated the PEA shows Revel Ridge Project’s capability to end up being a long life and robust polymetallic gold-silver mine with strong task economics at US$ 1,850 per ounce gold, while gold is trading over US$ 2,000 an ounce. In addition to the PEA, Revel Ridge has upside possible to broaden existing mineral resources through continuous expedition diamond drilling, both down dips, along strike, and on other incidents, the business stated in a news release.
The PEA thinks about an underground mine with on-site treatment of the mined product by particle sorting followed by standard milling, and flotation to produce different lead and zinc focuses for sale to 3rd party smelters. The processing capability of 2,920 tonnes each day will lead to a production life expectancy of 11.4 years, the business stated.
Life of mine typical yearly payable production is anticipated to be 158,000 gold equivalent (AuEq) ounces every year (114,000 ounces of gold yearly, 940,000 ounces of silver, 32.6 million pounds of zinc, and 19.6 million pounds of lead).
Pre-production capital investment are approximated at $588 million, consisting of contingency of $84 million.
In addition to the 11.4-year life-span, the PEA is preparing for an extra 18 months of mine ramp gain access to and advancement, and building and construction of the procedure plant and filtered waste management center (filtered tailings and filtered residues) before the job ends up being totally operations.
The PEA leverages Revel Ridge’s existing facilities, consisting of all-weather gain access to roadways, 3.0 kilometres of underground advancement, allowed waste rock storage center, complete camp center. The job lies 15 kilometres from the BC Hydro electrical system and City of Revelstoke with its knowledgeable labour swimming pool.
Revel Ridge is presently understood to host 5 mineralized zones, 4 of which relate and in close distance to the Main Deformation Zone (MDZ). Mineralization related to the MDZ is categorized as a polymetallic orogenic gold deposit, and is among the biggest undeveloped deposits of this enter Western Canada.
The 5th mineralized zone, the Revel Ridge Yellowjacket Zone, is made up of state-of-the-art silver-zinc-lead carbonate replacement deposits that happen 50 to 75 metres into the hanging wall of the MDZ and are open to underground gain access to.
Determined and shown resources in all zones is now approximate at 1.53 million gold equivalent (AuEq) ounces within 7.16 million tonnes with a typical grade of 6.63 g/t AuEq.
Is a presumed resource, in all zones, of 1.49 million AuEq ounces, within 7.56 million tonnes at a typical grade of 6.11 g/t AuEq.
Rokmaster shares were the same Friday at $0.06 and sell a 52-week variety of 12 cents and $0.045.