https://newsletter.en.creamermedia.com
Building|Consulting|Design|Engineering|Gold|Mining|PROJECT|Resources|Services|srk|SRK Consulting|Drilling
Building|Consulting|Design|Engineering|Gold|Mining|PROJECT|Resources|Services|srk|SRK Consulting|Drilling
building|consulting-company|design|engineering|gold|mining|project|resources|services|srk|srk-consulting|drilling

Fortune Bay kicks off PEA for Saskatchewan gold project

12th April 2022

By: Creamer Media Reporter

     

Font size: - +

The board of Fortune Bay has approved the completion of a preliminary economic assessment (PEA) for its Goldfields gold project, in northern Saskatchewan, building a foundation for the future development of the project.

The TSX-V-listed company appointed Ausenco Engineering Canada to lead the study, with SRK Consulting to complete an updated mineral resource estimate and Moose Mountain Technical Services to undertake mine design and mine planning.

The scope of work comprises two phases, the first of which will focus on the mine-to-mill optimisation and the second phase on the PEA.

The PEA will be completed early in the fourth quarter of 2022.

A previous prefeasibility study was completed for Goldfields in October 2011, which is considered historical in accordance with NI 43-101. The planned PEA is expected to incorporate mining and processing scenarios for which the PFS-level data do not yet exist and will be based upon an updated mineral resource estimate.

The current estimate for Goldfields, effective March 15, 2021, includes indicated mineral resources of 975 000 oz of gold and inferred mineral resources of 176 000 oz of gold.

A Phase 1 drilling programme was completed in 2021 to start the expansion of the mineral resources at the Box and Athona gold deposits, which included highlights of 13.22 g/t over 8.0 m, 8.74 g/t over 5.0 m, 8.00 g/t over 12.0 m, and 8.00 g/t over 4.0 m.

Edited by Creamer Media Reporter

Comments

Projects

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 November 2024
Magazine round up | 22 November 2024
22nd November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.175 0.276s - 192pq - 2rq
Subscribe Now