Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release the completion and filing of a South Railroad preliminary feasibility study on its Dark Star and Pinion oxide gold, heap-leach project in Nevada.
The study has 47.344 million tons of reserve ore at 0.82 grams per ton (0.82 g/t) gold, 4.7 g/t silver at Pinion, overall containing 1.248 million ounces of gold and 2.705 million ounces of silver.
Assuming $1,400 per ounce gold and $17.11 per ounce silver prices, the resulting life of mine pretax net present value 5% (NPV5%) was estimated at $302.1 million and the internal rate of return (IRR) at 32.4%. After tax for the life of mine, the NPV5% would be $241.5 million and the IRR, 27.8%.
As for costs, initial capex was determined to be $194 million and expansion capex, $88.3 million. Cash costs post byproduct credit were an estimated $582 per ounce. All-in sustaining cost was figured to be $657 per ounce.
The payback period was calculated to be 2.7 years.
Gold Standard is completing the application for permits, aiming to submit it to the U.S. Bureau of Land Management sometime during Q1/20.
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