TSX.V: ITR
|
NYSE: ITRG
|
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. An updated mineral resource estimate and Preliminary Economic Assessment were released in June 2023.
To read the NI 43-101 Technical Report Preliminary Economic Assessment for the Wildcat and Mountain View Projects, Pershing and Washo Counties, Nevada, USA, click here.
Mineral Resource
|
Category |
Tonnes (Mt) |
Gold Grade (g/t) |
Silver Grade (g/t) |
Gold (koz) |
Silver Ounces (Moz) |
|
Measured |
- |
- | - | - | - |
|
Indicated |
28.8 |
0.63 |
3.68 |
578 |
3.4 |
|
M&I |
28.8 |
0.63 |
3.68 |
578 |
3.4 |
|
Inferred |
4.2 |
0.45 |
1.83 |
60.1 |
0.2 |
1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
2. William Lewis, P.Geo, and Alan S J San Martin, AusIMM(CP), of Micon International Limited have reviewed and validated the Mineral Resource Estimate for Wildcat & Mountain View. Both are independent “Qualified Persons”, as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
3. The estimate is reported for open-pit mining scenario and with reasonable assumptions. The cut-off grade of 0.15 g/t Au was calculated using a gold price of US$1,800/oz, mining costs vary from US$1.5/t to US$2.4/t (depending on material type and project location), processing cost of US$3.1/t and US$3.7/t, G&A costs of US$0.4/t to US$0.5/t, and metallurgical gold recoveries varying from 30% to 86%. Gold equivalent in the Resource Estimate is calculated by g/t Au + (g/t Ag ÷ 77.7).
4. Rounding as required by reporting guidelines may result in apparent discrepancies between tonnes, grades, and contained metal content.
5. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
6. Please reference the NI 43-101 Technical Report Preliminary Economic Assessment for the Wildcat and Mountain View Projects, Pershing and Washoe Counties, Nevada, USA with an effective date of June 28, 2023.