Issue link: http://resourceworld.uberflip.com/i/759903
D E C E M B E R / J A N U A R Y 2 0 1 7 www.resourceworld.com 31 lion tonnes of 2.29 g/t gold (0.54 million oz); 24.1 g/t silver (5.7 million oz); and 0.13% copper (21.0 million lbs). Pre-tax IRR is 35.7% with an NPV of $489.9 million. After-tax IRR is 26.3% with an NPV (5%) of $300.9 million. All-in sustaining costs are $590/oz. Capital costs are $285.9 million. sOlGOld plC SolGold PLC [SOLG-AIM] has approved a financing proposal by Australia's Newcrest Mining Limited [NCM-ASX] to assist the company in developing a large copper mine in Ecuador. SolGold shareholders voted in favour of the agreement over a competing offer from another mining company. Under the terms of the agree- ment, Newcrest will spend $22.86 million acquiring new shares equivalent to 10% of SolGold, while a private investment com- pany, Maxit, receives 4.43% of SolGold for a $10.1 million investment. Located 180 km north of Quito, the Cascabel Project and its flagship discovery, the gold-rich, high grade Alpala porphyry copper-gold deposit, are located in the Imbabura province of northwest Ecuador. Soil sampling, geophysics and 7,393.84 metres of diamond drilling have been completed. Rocksaw channel sampling at Alpala and Aguinaga was carried out, including the discovery of porphyry stockwork copper-gold mineralization out- cropping at surface at Aguinaga. asTOriUs resOUrCes lTd. Astorius Resources Ltd. [ASQ-TSXV; 47A-FSE] is exploring its 100%-owned El Condor copper-gold project immediately south of Lundin Gold's Fruta del Norte Project in southeast Ecuador. Astorius has advanced to its next phase of work on the project with geologists and technical crews preparing to resample the property's alluvial gold deposits. The near-term objective is to resume alluvial gold production in 2017, followed by a self- financed drill program to explore gold anomalies related to nearby major gold discoveries. The Condor Project is part of a 150-km long metallogenic copper and gold belt. Previous exploration at Condor has established the presence of extensive alluvial gold and at least eight anomalous gold zones identified in soil surveys. The 90,000-hectare Condor property is surrounded by Lundin Gold's land holdings and just 4 km east of Lundin's Fruta del Norte gold discovery and only 100 metres south its El Tigre gold anomaly. n