Issue link: http://resourceworld.uberflip.com/i/1190748
58 www.resourceworld.com D E C E M B E R / J A N U A R Y 2 0 2 0 MINING already been received. A positive Pre-Feasibility Study has been prepared with an annual production rate of 47,000 ounces of gold and 50,000 ounces of silver over a 7.25-year mine life with a 2.5-year pay- back period. Proven and probable reserves are 362,000 ounces of gold at 0.21 oz/ton (7.20 g/t). Cash operating costs would be US $528/oz gold and total costs of US $853/oz. After-tax IRR is 28% and the NPV (5%) $87.7 million. An independent Feasibility Study is underway. Paramount also has a 100% interest in the past-producing Sleeper gold project in Nevada. Pretium Resources Inc.'s [PVG-TSX-NYSE] flagship asset is the Brucejack gold mine, a high-grade underground mine located in northwest British Columbia's Golden Triangle, approximately 65 km north of Stewart. The mine produced 376,012 ounces of gold at an all-in-sustaining cost of US $764/oz in 2018. The opera- tion is expected to produce between 390,000 and 420,000 ounces this year at an all-in-sustaining cost of US $775-US $875/oz. In December, 2018, the company received permits from the government of British Columbia, allowing it to increase the pro- duction through-put rate by 40% from 2,700 tonnes per day to 3,800 tonnes per day. Roxgold Inc.'s [ROXG-TSX] key asset is the high-grade Yaramoko gold mine in Bale Province, southwest Burkina Faso, about 200 km southwest of Ouagadougou. Yaramoko lies directly south of, and is contiguous to the SEMAFO Inc. [SMF-TSX, Sweden] property hosting the flagship Mana gold mine, and lies within the Houndé greenstone belt. The company declared com- mercial production in October 2016. After completing a Feasibility Study in 2014, Roxgold devel- oped a significant high-grade gold discovery at Yaramoko's 55 Zone, which is expected to produce 652,000 ounces over the next seven years, at a life-of-mine average of 11.5 g/t. Roxgold has also outlined an Inferred Resource of 220,000 ounces gold in the Bagassi South Zone, a satellite discovery, located 1.8 km south of Zone 55. The company has said it reached the commercial production milestone at the Bagassi South in September 2019. Annual production in 2019 is expected to be between 145,000 and 155,000 ounces. The company recently released a NI 43-101-compliant maiden resource estimate for its recently acquired Seguela gold project in Cote D'Ivoire. Roxgold said the Seguela Project hosts an Indicated Resource of 496,000 ounces grading 2.4 g/t gold plus Inferred Resources of 34,000 ounces, also at 2.4 g/t, material that is con- tained in the Antenna deposit. Sandspring Resources Ltd. [SSP-TSXV; SSPXF-OTCQX] is pro- posing to change its name to Gold X Mining Corp. and planning a share consolidation on an 8 to 1 basis. It has also formed a strate- gic advisory board to assist the company with shareholder value creation. The move comes after Sandspring recently raised $7.5 million from a non-brokered private placement that included a $1 million investment from Gran Colombia Gold Corp. [GCM-TSX] as well as the participation of Howe Street financier Frank Giustra. Sandspring said proceeds from the private placement of 37.5 million units, priced at 20 cents each, will be used to start work on a Feasibility Study for its flagship Toroparu gold project in the Mazaruni-Cuyuni region of western Guyana. Proceeds are also earmarked for step-out and exploration drilling at the Chicharron silver-gold project in Colombia. n WE PROMISE AND WE DELIVER GOLD PROJECTS FOR INITIAL PUBLIC OFFERING Fayz Yacoub P. Geo. Professional Geologist Tel: (604) 831-0424 Email: fayz@ontrackexploration.com www.ontrackexploration.com