Services will meet Canadian government requirements for NI 43-101 technical reports, for the Canadian stock exchange, and provincial and territorial assessment reports, where required.
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In terms of exploration, the Company strongly believes the exploration upside in the project area to expand and improve mineral resources basis, and consequently, the future project’s life of mine is significantly high.
The Company strongly believes the Project area has an exploration potential to expand and improve the current Mineral Resources and possibly increase the Project’s mine life.
The first mineral resource for Xxxx was estimated by company A in ---- (year). Company B also did some internal resource estimate for Xyyy and Xzzz deposit in ---- (year). Only Company B estimate for Xxxx deposit which was audited by company C from Canada is considered to be 43-101 compliant. Table 1 outlines these estimates.
The first mineral resource, an historical mineral resource, for the Xxxx Deposit was estimated by company A in ---- (year). Company B performed some internal mineral resource estimates for the Xyyy and Xzzz deposits in ---- (year). Only company B preformed a Mineral Resource Estimate in ---- (year) for the Xxxx Deposit, which was audited by company C from Canada, and is considered to be NI 43-101 compliant. This Xxxx Mineral Resource Estimate is historical in nature and is superseded by the Mineral Resource Estimate in this technical report. Table 1 outlines these historic mineral resource estimates.
The final pit mine of the Xxxx ore body of the Xyz Project is a storage of oxide and low-grade ore to maximize the project return and provide for a supply of oxide ore at a percentage rate of 10%. It will also serve as a buffer for any supply problems that may occur in the mine’s direct ROM feed.
The low-grade ore heap, as it is not a significant volume, was designed to be a single formation with the oxide ore pile. The only difference will be pile location, with the Oxide Ore heap located further south and the oxide ore heap further north, closer to the Crushing; Figure 3 illustrates this separation.
The storage heap for the Xxxx ore body will store oxide and low-grade ore to maximize the Project return and provide a steady supply of oxide ore at a rate of 10%. The heap will also serve as a buffer for any supply problems that may occur in the mine’s direct ROM feed.
The low-grade ore heap, as it is not a significant volume, was designed to be a single formation, both low-grade and oxide ore piles within the same heap area. The only difference will be pile location, with the low-grade ore heap located further south and the oxide ore heap further north, closer to the crusher; Figure 3 illustrates this separation.
The Company reports here, aiming the completeness of it report, but understood this item can be partially suppressed in the final version of the Company’s DFS report.
Operating costs are briefly discussed and will be discussed in depth in the Company’s definitive feasibility study (DFS) report.
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