Fortune Bay shares PEA for Goldfields with annual production of 101,000 oz. gold

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Average annual gold production will be 101,000 oz., with 122,000 oz. in each of years one through four. Over an 8.3-year life of mine, 835,000 oz. of gold will be produced. The anticipated all-in sustaining cost will be $889 per ounce.

The mill capacity will be 7,500 t/d with over 80% of the mineable ounces coming from the Box deposit. Average gold recovery will be 95.3%.

The Box and Althona deposits at Goldfields have 22.6 million indicated tonnes averaging 1.34 g/t gold for 980,000 contained ounces. The inferred portion is 6.0 million tonnes at 0.92 g/t gold for 180,000 contained ounces.

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