- Write by:
-
Monday, May 18, 2020 - 2:17:02 PM
-
614 Visit
-
Print
Mining News Pro - Sandstorm Gold reported on Thursday new drill results for its Hod Maden project in Turkey.
Drill hole HTG-002 showed 85.3 metres at 84.3 grams per tonne gold and 6.8% copper from 19.0 metres, using a 2.4 g/t cut-off grade, uncut.
Drill holes HTG-002 and HTG-003 are infill drill holes within the main deposit at Hod Maden.
The holes were drilled oblique to the strike, testing the continuity of the high-grade mineralization. According to the company, assay results show excellent, uniform grade distributions within the deposit, which has an estimated true thickness of about 65 meters.
A Pre-Feasibility Study was released in 2018 and considered an underground mine with a processing rate of 900,000 tonnes per year. The base case has a mine life of 11 years with average annual production of 266,000 ounces of AuEq per year at an average head grade of 11.9 g/t AuEq.
Midday Friday, Sandstorm’s stock was up 6.8% on the NYSE. The company has a $1.6 billion market capitalization.
Short Link:
https://www.miningnews.ir/En/News/531235
Chilean state-run miner Codelco said on Friday that it had reached a collective contract agreement with the union ...
China’s central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 ...
KoBold Metals, the Bill Gates-backed mining exploration company, could spend $2.3 billion to build a major new copper ...
Rokos Capital Management and Andurand Capital Management have been prominent among hedge funds piling into the copper ...
Gold fell the most in more than two years as surprise strength in a key US jobs report dashed hopes that the Federal ...
Global physically backed gold exchange traded funds (ETFs) attracted their first inflows in May after a year, powered by ...
Sprott Inc. has launched a $100 million fund that will buy and hold physical copper, marking a comeback for a class of ...
Copper’s recent surge to a record wasn’t justified by real-world supply and demand, according to Trafigura Group — the ...
Ivory Coast’s gold output hit a record high in 2023, helped by the opening of new mines, and will continue to grow ...
No comments have been posted yet ...