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GOLD:
The Mountain View Property is located within the Deephole mining district in Nevada, located 24km north of the town of Gerlach within Washoe County. The property can be accessed year-round via State Road 447 followed by 2km (1.2 miles) of gravel. The ~5,500-acre land package consists of 284 unpatented claims. The claims are publically owned lands administered by the U.S. Bureau of Land Management (BLM). Gold-dominated mineralization at Mountain View consists of low sulfidation epithermal veins and disseminated oxide and sulphide mineralization hosted in Cenozoic volcanic rocks. Mountain View has an inferred mineral resource estimate that contains 427,000 ounces of Au (oxide) (23.2 million tonnes at 0.57 g/t gold; effective date of November 15, 2020)1.
Mineral Resource
|
Category |
Gold Price (US$/oz) |
Tonnes* (Mt) |
Gold Grade |
Silver Grade |
Gold |
Silver Ounces (Moz) |
Stripping Ratio |
|
Inferred |
$1,300 |
20.2 |
0.62 |
2.90 |
400 |
1.9 |
3.0 |
|
$1,400 |
21.9 |
0.59 |
2.79 |
419 |
2.0 |
2.8 |
|
|
$1,500** |
23.2 |
0.57 |
2.68 |
427 |
2.0 |
2.7 |
|
|
$1,600 |
24.6 |
0.56 |
2.58 |
440 |
2.0 |
2.6 |
|
|
$1,700 |
25.9 |
0.54 |
2.53 |
450 |
2.1 |
2.5 |
1. See NI 43-101 technical report titled: “NI 43-101 Technical Report, Resource Estimate for the Wildcat Project, Pershing County, Nevada, United States”, dated November 20, 2020, with an effective date of November 18, 2020 available under Millennial’s SEDAR profile at www.sedar.com. * Note that each scenario has a different pit shell and cut-off grade; ** Base case gold price is US$1,500/oz