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GOLD:
The Wildcat Property is located within the Farrell mining district in Nevada, located 40 km northwest of the town of Lovelock within Pershing County. The property can be accessed year-round from Lovelock via State Route 399. The ~17,600 acre land package consists of 916 unpatented claims and 4 patented claims. The unpatented claims are publicly owned lands administered by the U.S. Bureau of Land Management (BLM). The mineralization at Wildcat consists of gold-dominated, low sulfidation epithermal veins and disseminated oxide and sulphide mineralization hosted in volcanic-and intrusive-rocks. The Inferred Mineral Resource estimate at Wildcat contains 776,000 ounces of Au oxide (60.8 million tonnes at 0.40 g/t gold; effective date of November 18, 2020)1.
|
Category |
Gold Price (US$/oz) |
Tonnes* (Mt) |
Gold Grade |
Silver Grade |
Gold (koz) |
Silver Ounces (Moz) |
Stripping Ratio |
|
Inferred |
$1,300 |
53.3 |
0.43 |
3.4 |
720 |
6.0 |
0.16 |
|
$1,400 |
57.3 |
0.40 |
3.4 |
752 |
6.3 |
0.16 |
|
|
$1,500** |
60.8 |
0.40 |
3.4 |
776 |
6.6 |
0.16 |
|
|
$1,600 |
64.8 |
0.37 |
3.4 |
805 |
7.0 |
0.18 |
|
|
$1,700 |
67.6 |
0.37 |
3.4 |
824 |
7.3 |
0.19 |
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.