In total, Madsen has an indicated mineral resource of 2.063 million ounces of gold, and an inferred mineral resource 467,000 ounces of gold. That includes figures from a preliminary economic assessment (PEA), filed in February, for three satellite areas – Fork, Russet South and Wedge – which added 3.7 years of mine life and $51 million in after-tax net present value to the project. Pure Gold is proposing an underground operation with a 12-year mine life and processing of 800 tonnes per day READ HERE
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