Resource World Magazine

18 www.resourceworld.com J U N E / J U L Y 2 0 1 7 Pilot Gold) is advancing a portfolio of past producing Carlin-Style gold projects in the western US: Goldstrike, Black Pine, Kinsley and TV Tower (Liberty Gold 60%). As well, the company has as a pipeline of early exploration properties. An initial resource estimate is expected Q2 2017 for the Goldstrike Project. At Kinsley, the company is identifying additional areas of high-grade mineralization. Lincoln Mining Corp. [LMG-TSXV] develops and explores precious metal prop- erties in Nevada (Pine Grove property) and California (Oro Cruz property). Lincoln and joint venture partner, Goldcliff Resource Corp. are working together to develop the advanced stage Pine Grove Project for which Lincoln Mining filed an Amended and Restated NI 43-101 PEA February 2015. The JV reported in April that they have made significant progress in advanc- ing the permitting for the project. McEwen Mining Inc. [MUX-TSX, NYSE] has the Gold Bar Mine in the Battle Mountain-Eureka-Cortez gold trend of Eureka County, central Nevada. The mine was the subject of a 2015 feasibility study envisioning a conventional open pit mine with oxide gold heap leach recovery cir- cuit. Key estimates include initial capital of $60 million; after-tax Internal Rate of Return of 20% at US $1,150/oz gold and of 30% at US $1,300/oz gold; an average annual production of 65,000 oz; and an estimated cash cost of $728 per oz. The BLM states that a Record of Decision for the project is expected in the second half of 2017. All other permits are expected to also be acquired in this timeframe. Mine construction is anticipated to take approxi- mately 10-12 months to complete. Midas Gold Inc. [MAX-TSX] owns the Stibnite Gold Project in a historic mining district in central Idaho. A 2014, Pre-Feasibility Study demonstrated poten- tial for a large-scale, long-life, low-cost open pit gold-antimony mine. On April 2, 2017 Midas Gold announced it is conduct- ing a Feasibility Study to be completed Q3 2018. "The latest assay data from our ongo- ing drill campaign at Yellow Pine (deposit) continues to provide positive results that support Midas Gold's goal of enhancing the mineral resource at the Stibnite Gold Project," said Stephen Quin, President and CEO of Midas Gold. Mineral Mountain Resources [MMV-TSXV] is exploring the 70 km long Homestake Gold Trend in the Rochford gold district in the Black Hills, South Dakota, host to the historic Homestake Mine that produced over 40 million ounces of high-grade gold. (See Resource World article Dec-Jan 2017) Newmont Mining Corp. [NEM-NYSE] has been pouring gold in Nevada for ~50 years. Operations in Nevada account for nearly one-third of their worldwide gold production. The company also produces silver and copper in Nevada where opera- tions include 11 surface mines, eight underground mines and 13 processing

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