The economics presented in the PEA study were calculated from metals prices of $1,850/oz. gold, $23.00/oz. silver, $1.26/lb. zinc and $0.90/lb. lead. Rokmaster pointed out that today’s market prices are higher for metals, notably gold (currently at over $2,000/oz.).
The PEA considers an underground mine with on-site treatment of the mined material by particle sorting followed by conventional milling, and flotation to produce separate lead and zinc concentrates for sale to third-party smelters, in combination with on-site treatment of refractory gold concentrates to produce gold-silver doré.
A processing capacity of 2,920 tonnes per day will result in a production lifespan of 11.4 years. During that period, the Revel Ridge mine is expected to deliver average annual payable production of 158,000 oz. of gold equivalent (114,000 oz. gold, 940,000 oz. silver, 32.6 million lb. zinc and 19.6 million lb. lead).
The PEA is derived…
