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Sandstorm shares up on Hod Maden drill results | |
admin | |
2020-05-15 | |
发布年 | 2020 |
语种 | 英语 |
国家 | 国际 |
领域 | 地球科学 |
正文(英文) | Sandstorm Gold (NYSE: SAND, TSX: SSL) reported on Thursday new drill results for its Hod Maden project in Turkey. Drill hole HTG-002 showed 85.3 metres at 84.3 grams per tonne gold and 6.8% copper from 19.0 metres, using a 2.4 g/t cut-off grade, uncut. Drill holes HTG-002 and HTG-003 are infill drill holes within the main deposit at Hod Maden. The holes were drilled oblique to the strike, testing the continuity of the high-grade mineralization. According to the company, assay results show excellent, uniform grade distributions within the deposit, which has an estimated true thickness of about 65 meters. A Pre-Feasibility Study was released in 2018 and considered an underground mine with a processing rate of 900,000 tonnes per year. The base case has a mine life of 11 years with average annual production of 266,000 ounces of AuEq per year at an average head grade of 11.9 g/t AuEq. Midday Friday, Sandstorm’s stock was up 6.8% on the NYSE. The company has a $1.6 billion market capitalization. |
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来源平台 | Minging.com |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/251581 |
专题 | 地球科学 |
推荐引用方式 GB/T 7714 | admin. Sandstorm shares up on Hod Maden drill results. 2020. |
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