Preview SW Gold Deposit
Location: 45 km NE of La Ronge, SK
Size: 843 hectares (2,083 acres) on 3 claims
Target Minerals: Gold
According to the 43-101 report dated August 31, 2013:
5.71 m of 17.98 g/t Au starting at 10m below surface;
5.66 m of 5.96 g/t Au starting at 19 m below surface;
And 21.26 m of 1.88 g/t Au starting at 29 m below surface
Click here to download the PDF of the Technical Report (NI 43-101) Dated: August 31, 2013
Preview SW has been worked since the 1930s, but the bulk of the work was done in the late 1980s when 89 drill-holes totaling 14,119 m were drilled by Cameco in order to calculate a gold resource. In 2012, La Ronge Gold completed two drilling campaigns in 2013 an NI 43-101 Resource Calculation on the deposit. 83% of the Preview SW claims remain untested.
The Preview SW claims are within the Mineral Disposition Zone of the Lac La Ronge Provincial Park. Mineral exploration and development is permitted within this zone. An all-weather highway provides access to within 10 km of the claims from the nearby town of La Ronge, and a seasonal bush road provides access to the deposit from the highway.
Mineral resources base case estimate at a gold cut-off grade (COG) of 0.5 grams/tonne gold (g/t Au) follows:
Click here to download the PDF of the Technical Report (NI 43-101)
Effective Date : August 31, 2013; Assumptions used in the pit optimization include US$1,300/oz Au, 90% Au recovery, $2.50/tonne mining cost, $2.00/tonne waste mining cost, $15.50/tonne process and G&A cost. No allowances have been made for mining losses and dilution. A pit slope angle of 45° was used. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The claims are within the Mineral Disposition Zone of the Lac La Ronge Provincial Park. Mineral exploration and development is permitted within this zone.
Sensitivity estimates around this base case to show the sensitivity of the mineral resource estimate to changes in cut-off grades are summarized in the table below.
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