Lexam VG Gold (WKN A1H396 ) Faktensammlung
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Sehr geehrter Leser,
dieses Forum dient dazu die Daten & Fakten rund um das Unternehmen
LEXAM VG GOLD INC http://www.vggoldcorp.com/
dazustellen.
für den Meinungsaustausch ist das Hauptforum bereits vorhanden: http://www.ariva.de/forum/...VG-Gold-vom-Chaos-zum-Produzenten-429752
alte Zusammenfassung vor 2011 http://www.ariva.de/VG_Gold_Corp_Faktenuebersicht_12_05_2008_t329663
XXX bitte nichts hinzufügen, das nicht in den Zusammenhang gehört XXX
June 18, 2012 Lexam VG Gold Exercises Paymaster Property Option-Enters Into Joint Venture Agreement With Goldcorp TORONTO, ONTARIO--(Marketwire - June 18, 2012) - Lexam VG Gold Inc. ("Lexam VG Gold") (TSX:LEX) (OTCQX:LEXVF)(FRANKFURT:VN3A) is pleased to announce that it has exercised its option to acquire a 60% ownership interest in Goldcorp Canada Ltd. ("Goldcorp")'s Paymaster Property.
In 2008, VG Gold Corp. (now Lexam VG Gold) entered into an agreement with Goldcorp whereby over a period of four years, among other commitments, it would incur $6 million in qualifying expenditures on the Paymaster Property in Timmins, Ontario. As of the date of this press release Lexam VG Gold has satisfied these requirements, including having completed 27,000 metres of core diamond drilling. As such, Lexam VG Gold has given Goldcorp written notice of its election to exercise the option to acquire 60% interest in the Paymaster Property.
Following the date of Lexam VG Gold exercising the option, Goldcorp has six months to elect the Back-In Right to acquire an additional 30% from Lexam VG Gold by: (i) Paying Lexam VG Gold $710,000; (ii) Incurring a minimum of $8.25 million in qualifying expenditures on the property by the second anniversary of the Back-In Right notice; (iii) Completing a feasibility study on all or part of the property by the third anniversary of the Back-in Right notice.
Background on the Paymaster Property and the Paymaster Exploration Drill Program
Lexam VG Gold Inc.
TSX:LEX
OTCQX: LEXVF
FRANKFURT: VN3A
Other Recent News | Printer Friendly Version
September 20, 2012
Lexam VG Increases Gold Resources
Lexam's Total Gold Resources Are Increasing!
Measured + Indicated by 44% to 1 Million Oz Gold and Inferred by 20% to 850,000 Oz Gold
TORONTO, ONTARIO--(Marketwire - Sept. 20, 2012) - Lexam VG Gold Inc. (TSX:LEX)(OTCQX:LEXVF)(FRANKFURT:VN3A) is pleased to announce an increase in its total gold resources due to an updated resource estimate for its Buffalo Ankerite Project in Timmins, Ontario. Total NI 43-101 gold resources have increased by 44% in the Measured + Indicated category to 1 million ounces and by 20% in the Inferred category to 850,000 ounces.
Lexam VG Gold's four exploration Projects, Buffalo Ankerite, Davidson Tisdale, Fuller and Paymaster, each have a NI 43-101 resource estimate. The table below shows the growth of Lexam's resources since the last update in January 2011 due to the updated resource estimate for Buffalo Ankerite.
Table 1. Comparison of Total Gold Resources at January 2011 and at September 2012
--------------------------------------------------
January 2011 September 2012
Tonnage Grade Gold Tonnage Grade Gold
(M tonnes) (gpt) (oz) (M tonnes) (gpt) (oz) Change
--------------------------------------------------
Measured + Indicated Resources
Fuller 1.3 5.49 236,245 Unchanged -
Davidson
Tisdale 0.8 4.75 129,442 Unchanged -
Paymaster 1.9 1.82 113,449 Unchanged -
Buffalo
Ankerite 1.5 4.63 224,309 4.5 3.70 531,671 +137%
--------------------------------------------------
Total Measured + Indicated: 703,445 1,010,807 +44%
--------------------------------------------------
--------------------------------------------------
Inferred Resources
Fuller 1.6 5.66 299,960 Unchanged -
Davidson
Tisdale 0.3 4.66 40,199 Unchanged -
Paymaster 1.7 1.72 92,642 Unchanged -
Buffalo
Ankerite 2.0 4.35 274,632 3.5 3.70 417,032 +52%
--------------------------------------------------
Total Inferred: 707,433 849,833 +20%
--------------------------------------------------
(See Note 1 at the end of this news release)
In this press release the following abbreviations are used: opt = ounce per
ton; gpt = gram per tonne, Au = gold; oz = ounce; ft = foot; m = metre; M =
million. The following definitions apply: 1 tonne = 1,000 kilograms = 2,205
pounds; cut-off grade = the grade value that distinguishes ore from waste,
where material which has a grade below the cut-off grade is classified as
waste and material with a grade equal to or greater than the cut-off grade
is classified as ore.
The Buffalo Ankerite Project - Description and Gold Resources
The current resource estimates for the Buffalo Ankerite Project are an update of the 2009 NI 43-101 resource estimate. A total of 98,522 metres of diamond core data from 311 drill holes was utilized to calculate the new resource estimates. The 2010-2012 drilling program has accomplished its objectives of converting portions of the Inferred Resources to Indicated Resources, of outlining additional resource extensions and of establishing potential for continued expansion of the mineralization at depth.
The Buffalo Ankerite Project consists of two separate zones, the South Zone and the North Zone, that each extend over two properties, Lexam's 100% owned Buffalo Ankerite and Lexam's 60%-Goldcorp's 40% owned Paymaster property (see Figure 1). The numbers presented in press release represent Lexam's net resources on the Project. The 2012 resource estimates were calculated using a manual polygonal cross-sectional method. High grade assays above 34.29 gpt Au (1 opt Au) were cut to this value. Tonnage estimates were based on a tonnage factor of 11.4 cubic feet per ton.
Lexam VG modeled the Buffalo Ankerite resource using different cut-off grades. In the first estimate (Option I below) the same cut-off was used as in 2009 (1.71 gpt Au) to provide a direct comparison to the earlier estimate. This approach gives investors a clear sense of the additional resources discovered through exploration. In the second estimate (Option II below) a lower cut-off was used to account for the possibility of using lower cost open pit mining methods above a depth of 300 metres. Option II cut-off grades were 0.51 gpt Au above a depth of 300 metres and 1.54 gpt Au below. These cut-off grades were derived using a formula that takes into account the current gold price and the projected cost of production. Results of the two estimates are as follows:
Option I - Using the same grade as in 2009. A cut-off grade of 1.71 gpt Au (0.05 opt Au), the same as for the 2009 resource estimate, was used to allow a direct comparison of the two estimates. As illustrated in Table 1 and Chart 1, the total resource on the Buffalo Ankerite Project at this cut-off grade was:
-- Indicated Resource of 4.5 million tonnes at average grade of 3.7 gpt
gold for a total of 531,671 oz gold, an increase of 137% from the 2009
Indicated Resource, representing a conversion of Inferred to Indicated
resources;
-- Inferred Resource of 3.5 million tonnes at average grade of 3.7 gpt gold
for a total of 417,032 oz gold, an increase of 52% from the 2009
Inferred Resource, representing a resource addition and indicating
further potential at depth.
Option II - Using a lower grade than in 2009. Due to the possibility of mining by open pit methods and to the price of gold doubling from early 2009 when the previous resource estimate on the Project was completed, management believes an additional estimate is warranted. Following current industry standards, this estimate employed cut-off grades of 0.51 gpt Au above 300 m and 1.54 gpt Au below 300 m depth (0.015 opt Au above 1,000 ft and 0.045 opt Au below 1,000 ft depth). These parameters were selected as the portion of the resource within the upper 300 m (1,000 ft) was determined to have potential for a lower cost, open-pit mining method of extraction and therefore a lower cut-off grade could be utilised, while the resource below 300 m from surface would have to be extracted with more costly underground mining methods and therefore the higher cut-off would apply. The results are presented in Table 2 and Chart 1 below.
Table 2. 2012 Gold Resource Estimate for South Zone and North Zone
(Cut-off grades: 0.51 gpt Au/ 1.54 gpt Au above/ below 300 m depth)
--------------------------------------------------
Resource Tonnage Grade Gold
Classification South Zone (M tonnes) (gpt) (oz)
--------------------------------------------------
Indicated Above 5.7 2.01 367,955
--------------------------------------------------
Inferred 300 m 3.6 1.79 206,386
--------------------------------------------------
--------------------------------------------------
Indicated Below 0.9 3.26 96,342
--------------------------------------------------
Inferred 300 m 1.2 3.12 116,292
--------------------------------------------------
--------------------------------------------------
Indicated Total 6.6 2.18 464,297
--------------------------------------------------
Inferred South Zone 4.8 2.11 322,678
--------------------------------------------------
--------------------------------------------------
Resource Tonnage Grade Gold
Classification North Zone (M tonnes) (gpt) (oz)
--------------------------------------------------
Indicated Above 2.5 2.20 175,170
--------------------------------------------------
Inferred 300 m 1.8 2.24 129,134
--------------------------------------------------
--------------------------------------------------
Indicated Below 0.6 3.13 60,985
--------------------------------------------------
Inferred 300 m 0.9 3.05 92,115
--------------------------------------------------
--------------------------------------------------
Indicated Total 3.1 2.39 236,155
--------------------------------------------------
Inferred North Zone 2.7 2.52 221,249
--------------------------------------------------
(See Note 2 at the end of press release)
The total resource on the Buffalo Ankerite Project at cut-off grades 0.51 gpt Au above 300 metres and 1.54 gpt Au below 300 metres depth is consequently as follows:
-- Indicated Resource of 9.7 million tonnes at average grade of 2.25 gpt
gold for a total of 700,452 oz gold, an increase of 212% from the 2009
Indicated Resource;
-- Inferred Resource of 7.5 million tonnes at average grade of 2.26 gpt
gold for a total of 543,927 oz gold, an increase of 98% from the 2009
Inferred Resource.
The chart below presents the 2009 resource estimate together with the 2012 resource updates (Option I and Option II) on Buffalo Ankerite.
To view Chart 1, please visit the following link: http://media3.marketwire.com/docs/lex0920chart1.pdf.
The table below summarizes the differences between the 2009 resource estimate and the 2012 resource updates (Option I and Option II) on Buffalo Ankerite.
Table 3. Comparison of Buffalo Ankerite 2009 and 2012 Gold Resource Estimates
--------------------------------------------------
Resource Estimate 2009 Option I, 2012
Cut-off grade 1.71 gpt Au 1.71 gpt Au
--------------------------------------------------
Indicated South Zone Indicated
% Change
179,322 oz 351,374 oz From 2009:
North Zone 44,987 oz 180,297 oz
--------------------------------------------------
Total 224,309 oz 531,671 oz +137%
--------------------------------------------------
--------------------------------------------------
Inferred South Zone Inferred
% Change
251,872 oz 244,678 oz From 2009:
North Zone 22,760 oz 172,354 oz
--------------------------------------------------
Total 274,632 oz 417,032 oz +52%
--------------------------------------------------
--------------------------------------------------
Option II, 2012
Resource Estimate 0.51 gpt/ 1.54 gpt Au
Cut-off grade above/ below 300 m depth
--------------------------------------------------
Indicated South Zone Indicated
% Change
464,297 oz From 2009:
North Zone 236,155 oz
---------------------------------------------
Total 700,452 oz +212%
--------------------------------------------------
--------------------------------------------------
Inferred South Zone Inferred
% Change
322,678 oz From 2009:
North Zone 221,249 oz
---------------------------------------------
Total 543,927 oz +98%
--------------------------------------------------
(See Note 3 at the end of press release)
About Lexam VG Gold Properties
All of Lexam VG Gold's properties are located in the prolific Timmins, Ontario, Canada gold district. This is a long established mining area with excellent infrastructure including highway access, readily available power and access to skilled work force.
Buffalo Ankerite Property
The Buffalo Ankerite property consists of 1,063 acres. It is located within a few kilometres from the producing Goldcorp Dome Mine to the east, past producing Hollinger and McIntyre Mines to the north and Aunor Mine to the west (see Figure 1). These mines have generated more than 50 million of the 70 million ounces of gold produced in the Timmins gold district. Between 1926 and 1953 the Buffalo Ankerite property produced 1,018,000 ounces of gold with an average recovered grade of 6.51 grams per tonne (0.19 ounces per ton). Additional information about the Buffalo Ankerite property can be found in the 2009 Buffalo Ankerite Report (see Note 1 at the end of the press release).
Fuller Property
Recent drilling at the Fuller property has continued to encounter near surface gold mineralization in the quartz-feldspar porphyry and the adjacent volcanics. Based on these favourable drill results and on historic results, a re-assessment of the Fuller mineralization that utilizes an open pit mining scenario and includes a new resource estimate is underway. Additional information about the Fuller property can be found in the 2007 Fuller Report (see Note 1 at the end of the press release).
Davidson Tisdale Property
The Davidson Tisdale property consists of 10 claims totalling 520 acres in the Tisdale Township in North-Eastern Timmins. The property is located approximately 5 km along strike from Hollinger, McIntyre and Coniaurum mines, which have produced over 31 million ounces of gold. The property is a joint venture where Lexam VG Gold owns 68.5% and SGX Resources owns 31.5%. Davidson Tisdale was subject to minor production in 1988 by Getty Canadian Metals, with a total of 7,300 ounces of gold mined. Additional information about the Davidson Tisdale property can be found in the 2007 Davidson Tisdale Report (see Note 1 at the end of the press release).
Paymaster Property
In June 2012, Lexam VG Gold announced that it has exercised its option to acquire a 60% interest in Goldcorp's Paymaster Property. Goldcorp has until December 2012 to exercise their back-in right to increase their interest from 40% to 70%. To earn the back-in right, Goldcorp needs to make expenditures of $8.96 M on the property and to complete a feasibility study within three years. Additional information about the Paymaster property can be found in the 2011 Paymaster Report (see Note 1 at the end of the press release).
About Lexam VG Gold
Lexam VG Gold has four key properties in the Timmins gold district of Ontario, Canada. The Company's exploration efforts have been designed to grow its gold resource base with the objective of identifying economic deposits. As of June 30, 2012 Lexam VG Gold had $5.8 million in cash, with no bank debt. The Company has 226,570,860 issued and outstanding shares, with 27% owned by Chairman Rob McEwen.
Technical Information
All exploration work for the Buffalo Ankerite Project was conducted under Kenneth Guy, P. Geo, Senior Geological Consultant and Qualified Person for the Company, as defined by NI 43-101. Mr. Guy has reviewed and approved the technical contents of this news release.
All drilling was completed using NQ size core. Gold analysis of the samples collected by Lexam VG Gold was assayed by ALS Chemex. Analysis consisted of a fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 10.0 gpt Au were re-assayed with gravimetric finish. Samples noted to contain visible gold were analyzed via total metallic assay method. A rigorous Quality Assurance and Quality Control Program (QA/QC) was in place, using control samples such as blanks and duplicate checks. In addition, duplicate analyses of 10% of the samples were corroborated by check assays performed at a third party laboratory.
The mineral resource estimate on the Buffalo Ankerite Project was completed by Peter Bevan, P.Eng, mining geological consultant and an independent Qualified Person in accordance with NI 43-101. Mr. Bevan has reviewed and approved the technical contents of this news release. A NI 43-101 compliant technical report containing the new resource estimate on the Buffalo Ankerite Project will be filed on SEDAR (www.sedar.com) within 45 days of this press release.
For additional information about the Buffalo Ankerite Project refer to the 2009 Technical Report (filed Aug 25, 2009), available on SEDAR (www.sedar.com).
The mineral resource estimates completed by Peter Bevan were based on geological interpretations and data supplied by Lexam VG Gold. Mr. Bevan has visited the Buffalo Ankerite Project on numerous occasions, most recently in July 2012. He has reviewed the drill hole database, resource modeling, and the QA/QC for verification of gold grades. Site visits, data review and QA/QC presented no issues of concern regarding the resource estimate.
The resource estimates contained herein do not constitute a feasibility or pre-feasibility study and contain no mineral reserves within the meaning of NI 43-101 or SEC Industry Guide 7. The mineral resource figures referred to in this press release are estimates and therefore insufficient to allow meaningful application of the technical and economic parameters to enable an evaluation of technical or economic viability and no assurances can be given that the indicated levels of gold will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that the resource estimates included in this press release are well established, resource estimates are imprecise by their nature and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable. If such estimates are inaccurate or are reduced in the future, this could have a material adverse impact on the Company. In addition, this news release includes inferred resources that are too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.
Cautionary Note to U.S. Investors
Sollte man vielleicht auch mal brauchen :-)
Kann da jemand von Euch was Neues rauslesen?
http://www.visualcapitalist.com/...old-mine-and-deposit-rankings-2013
Pdf file
428 v 500 mit grade v 4,06 gramm/to
der Mittelwert liegt bei 1,01 gramm/to
2- 5.03
Q lexamvggold.com
Schade das Gold heute wegen der KrimKrise steigt, vielleicht bald über 1350 U$ ???
Teil 1 PEA soll noch folgen !
TORONTO, ONTARIO--(Marketwired - March 6, 2014) - Lexam VG Gold Inc. (the "Company", "Lexam") (TSX:LEX)(FRANKFURT: VN3A)(OTCQX:LEXVF) is pleased to report positive results from preliminary metallurgical testwork, indicating recoveries from 90.7% to 98.5%. Drill core samples were analyzed from our four gold projects in Timmins, Ontario (Buffalo Ankerite, Paymaster, Fuller and Davidson Tisdale). These results will be utilized in the ongoing Preliminary Economic Assessment ("PEA") examining the open pit potential of the gold projects.
The preliminary metallurgical results indicate:
High recoveries between 90.7% and 98.5% for traditional gravity concentration and cyanide leach processes, in line with historic metallurgical results;
Recoveries for both processes occurred at relatively coarse grind sizes, with P80 of 68 to 82 microns, while a more commonly used finer grind would likely yield higher recoveries;
Maximum cyanide leach recoveries were achieved in just over 24 hours residence;
The samples had favourable characteristics, including low reagent consumption and short leach times;
Recovery increases with finer grind, indicating the potential for improved results with additional testwork.
Lexam has NI 43-101 resource estimates for the four projects. The recently released resource estimates were completed to better define the near surface resource within a potential open pit shell. The updated resources were classified into two categories: Open Pit and Underground (Table 2).
A Preliminary Economic Assessment is being conducted to determine the economic viability of open pit mining on each of the properties. The Open Pit Gold Resource Estimate on the four projects is:
Open Pit Measured and Indicated - 761,400 oz Au @ 1.91 g/t Au
Open Pit Inferred - 358,400 oz Au @ 1.78 g/t Au
(A cut-off of 0.51 g/t Au was utilized based on US$1,600/oz Au price and an exchange rate of US$1.00=C$1.00.
See Note on Mineral Resources at the end of this press release.)
For abbreviations used please see List of Abbreviations at the end of this press release.
Recent Metallurgical Testwork
The study was conducted by SGS Minerals Services ("SGS") at its Lakefield, Ontario facility. Composite samples were submitted by Lexam to SGS for a metallurgical investigation into the recovery of gold. The 5 samples of diamond drill core utilized in the metallurgical testing represent composite intervals from the open pit sections of the properties (one sample was tested for each Buffalo Ankerite North Zone, Buffalo Ankerite South Zone, Paymaster, Fuller and Davidson Tisdale). Most of the properties have either historic metallurgical studies or a history of gold milling indicating favourable metallurgical properties on grades of underground tenure. The objective of the present studies was to confirm that the favourable recovery extended to the lower grades of the open pittable resources. The results confirmed favourable metallurgical recovery of the lower grades contained within the proposed open pits, similar to the gold recovery of the historic underground mining.
The selected composite samples originated from drill holes within the resource optimized pit shells and were selected to be representative of the gold grades of the open pit resource at the Timmins projects. The gold head analysis confirmed the grades anticipated by Lexam, with a representative range of low assays, 0.5 to 1.5 g/t Au, within the composite. The highlighted column "Grav + CN" in Table 1 that follows indicates the overall recovery that can be expected. The results were favourable indicating recoveries from 90.7% to 98.5%.
Table 1. Summary of Cyanidation Test Results
Test No. P80, um Reagent, Au Extraction/Recovery, % Au Residue, g/t Au Head, g/t
kg/t of CN feed
Addition Consumption 4 7 24 48 Grav Grav
+ CN A B Average CN
Calc Grav
Calc Direct
NaCN CaO NaCN CaO
Buffalo Ankerite North Zone Composite G-2 Tailing
CN-1 103 0.83 0.54 0.08 0.51 82 85 88 88.9 13.5 90.4 0.42 0.38 0.4 3.6 4.15 3.60
CN-2 68 0.97 0.41 0.29 0.39 88 91 93 93.3 94.2 0.25 0.23 0.24 3.59
Buffalo Ankerite South Zone Composite G-1 Tailing
CN-3 149 0.79 0.52 0.14 0.51 75 78 85 86.6 17.7 89 0.27 0.26 0.27 1.98 2.36 2.20
CN-4 82 1.38 0.41 0.72 0.39 79 87 93 92.4 93.7 0.14 0.15 0.15 1.9
Paymaster Composite G-3 Tailing
CN-5 131 0.77 0.41 0.07 0.4 61 66 72 73.2 13.6 76.8 0.54 0.5 0.52 1.94 2.31 2.20
CN-6 74 1.44 0.28 0.7 0.24 70 84 90 90.5 91.8 0.2 0.19 0.2 2.05
Fuller Composite G-4 Tailing
CN-7 135 0.75 0.34 0.05 0.32 64 68 76 79.7 37 87.2 0.2 0.23 0.22 1.06 1.68 2.20
CN-8 65 0.76 0.37 0.05 0.35 76 80 85 85.3 90.7 0.16 0.15 0.16 1.06
Davidson Tisdale Composite G-5 Tailing
CN-9 137 0.75 0.55 0.17 0.55 49 62 91 94.8 24.2 96.1 0.03 0.1 0.05 0.87 1.23 0.7
CN-10 68 1.47 0.54 0.82 0.53 58 77 94 98 98.5 0.02 less than 0.02 0.02 0.98
The test conditions applied were as follows:
Cyanidation Test Conditions
Primary Grind = 10 kg Rod Mill Retention Time = 48 hours
Regrind = 2 kg Rod Mill Pre-airation = not applicable (na)
Size Target = variable Dissolved Oxygen = na
Pulp pH = 10.5 - 11 (maintained with lime) Carbon = na
Cyanide Concentration = 0.50 g/L NaCN Temperature = ambient
% Solids = 40% solids DO target = na
The Program was conducted by SGS Minerals Services at its Lakefield facility, under the supervision of Vivien Delaney, Metallurgist - Gold Group, Metallurgical Operations.
The metallurgical report recommended that the potential to reduce milling costs and improve gold recovery through optimizing these techniques still exists with further testing.
Comparison to Historic Metallurgy
The Fuller and Davidson Tisdale deposits saw development during the period 1984 - 1988, which included the development of a ramp to access the ore and the mining and processing of a bulk sample. Extensive metallurgy was conducted during this period at both an independent laboratory, as well as at local mills that processed the bulk sample. The results obtained during this extensive metallurgical testing of underground samples compares very favorably with the recent results obtained by SGS.
The Fuller metallurgical testwork indicated recoveries utilizing direct cyanidation of between 85% to 97% gold extraction at the independent laboratory and 93.8% at the mill lab. Reagent consumption was characterized as low and leach times were within the normal thresholds.
Davidson Tisdale metallurgical testwork completed at a local mill as well as detailed work completed at an independent laboratory indicated that direct cyanidation yielded a high gold extraction (97% to 98% recovery), at a relatively coarse grind and with relatively low reagent requirements.
The Buffalo Ankerite North and South Zones had historic underground mining of over 1 million ounces of gold as below:
Years Gold
(ounces) Gold
(opt) Ore Milled
(tons)
Ankerite/March 1926-1935 61,039 0.19 317,769
Buffalo Ankerite 1926-1953, 1978 957,292 0.19 4,993,929
Production statistics from the Ontario Department of Mines annual reports indicate that gold recoveries of 92% to 95% were achieved during the production period, using the standard Merrill Crowe process.
Lexam Announces Positive Preliminary Economic Assessment Results for the Open Pit Projects in Timmins
Project Generates 32% IRR and C$33 Million NPV After-Tax; Cash Costs of US$865 per Ounce Gold
TORONTO, ONTARIO--(Marketwired - April 23, 2014) - Lexam VG Gold Inc. (the "Company", "Lexam") (TSX:LEX)(FRANKFURT:VN3A)(OTCQX:LEXVF) announces the results of a Preliminary Economic Assessment ("PEA") on its open pit gold projects in Timmins, Ontario, Canada. The PEA was initiated to assess the potential of Lexam's gold projects, which include the Buffalo Ankerite, Davidson Tisdale, Fuller and Paymaster properties. The study was completed by RPA Inc. ("RPA") of Toronto, Canada, and is based on the Company's June 2013 mineral resource estimate.....
The focus on the potential for open pit mining on the properties was driven by the near surface nature of the gold mineralization and previously released drill results indicating substantial widths of mineralization. In addition, there remains exploration potential to further expand the existing mineral resource at surface and to depth, in particular by expansion of the recently updated underground resource estimate of 650,600 ounces ("oz") gold ("Au") Measured and Indicated from 4.16 million tonnes grading 4.86 grams per tonne ("g/t") Au and 574,500 oz Au Inferred from 4.07 million tonnes grading 4.39 g/t Au. Further exploration by Lexam will focus on increasing the open pit and underground resources and adding new resource areas.
All dollar amounts in this press release are stated in C$ unless otherwise specified. PEA results are presented on a 100% ownership basis. The disclosure set forth below is derived from the PEA unless expressly noted.
...
.....
viel blabla ohne 2014 Planungen zu konktretisieren, ab Juni ist PEA auf SEDAR .....
Slide 23-25 haben ein neues Gebiet !! ??
"Teefy Gold" einziges Explorationstarget 2014, alte Funde gibt es nicht....
gehörte vor langer Zeit zu Canamax Res.
http://www.geologyontario.mndmf.gov.on.ca/...5SE0113//42A15SE0113.Pdf
http://www.d.umn.edu/prc/lakesuperiorgeology/..._pt2d_Marathon.cv.pdf
Frage mich ernsthaft was das soll?
ACE in the hole ? wohl eher zum Zeit gewinnen da man dort mit wenig Geld "etwas" tuen kann.
Larder Lake
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_clr.cfm
http://www.geologyontario.mndm.gov.on.ca/...&uuid=MDI42A06NW00011