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ESGOLD's Preliminary Economic Assessment Report Confirms the Viability of Montauban Project
Preliminary Economic Assessment Shows a 42.6% Pre-Tax IRR, C$ 14.08m Pre-Tax Npv5% and Less Than Two Years Payback VANCOUVER, BRITISH COLUMBIA – TheNewswire - M
About this update from Esgold Corp
[{"type":"text","content":"Preliminary Economic Assessment Shows a 42.6% Pre-Tax IRR, C$ 14.08m Pre-Tax Npv5% and Less Than Two Years Payback VANCOUVER, BRITISH COLUMBIA – TheNewswire - March 2, 2023 – ESGold Corp. (“ESGold” or the “Company”) (CSE:ESAU), (Frankfurt:N2W), (OTC:SEKZF) is pleased to report it has received results of a positive Preliminary Economic Assessment (PEA) delivered by multidisciplinary team of experts, JPL Geoservices, Edmond St-Jean Eng., Groupe Alphard, independent consultants under the lead of GoldMinds Geoservices of Quebec, Canada, for the reprocessing of several tailings sites from the historic Montauban gold-silver-zinc-lead mines. The mineral claims comprising the Montauban property (the “Property”) are located in southern Quebec, 120 km west of Québec City and 80 km northeast of Trois-Rivières, and straddle the border of the Mauricie and Capitale-Nationale Administrative Regions of Quebec. The PEA presents a positive tailings reprocessing operation with very attractive economics, and sets the table for the rejuvenation of Montauban-les-mines with the proactive remediation of the legacy mine tailings. The PEA comprises the first cornerstone of ESGold’s strategy to revive the area’s 100 year mining history. PEA Highlights: Pre-tax net present value (NPV) (discount rate 5%) of C$ 14.08M, internal rate of return (IRR) of 42.6% and payback of less than 2 years; After-tax NPV (discount rate 5%) of C$ 6.99M, IRR of 23.4% and payback of less than 2 years Assumed gold (Au) price $1750US/Oz, silver (Ag) price $21US/Oz and mica concentrate price $200US/t with a CAD/USD exchange rate of 1.35; 4 years of mine life with 923,000 tonnes of tailings at 0.41 g/t Au 33.34 g/t Ag and the recovery of 57,187t of mica; Revenue of C$ 62.2M; Life of Mine capital of C$ 17.04M; Operation cost per tonne of tailings at C$ 29 Jean Yves Therien, CEO & Director, “The PEA clearly demonstrates the low cost and positive return of the Montauban reprocessing / remediation project using a traditional excavation and reprocessing scenario, which includes pulping, pumping, gravity separation, cyanidation for gold/silver recovery with Merryl Crow. The stabilization of the orphan tailings at Montauban includes the addition of limestone from the nearby St-Marc des Carrières quarry. The Company intends on cleaning the...