The Company believes that in the first year, production of 10,000 gold ounces is achievable.
Crater Mountian
Maiden Inferred Resources
A maiden inferred JORC compliant resource of 24Mt @ 1.0 g/t Au using a 0.5 g/t Au cut-off for 790,000 ounces has been defined ; this includes 9.4Mt at 1.46 g/t using a 1.0 g/t Au cut-off for 440,000 ozs (this inferred resource is open laterally and perhaps to depth, following down a possible steep plunge to the northeast) Importantly, the estimate does not include the High Grade Zone or the porphyry intrusion " feeder zone " at depth
Substantial Upside
Only considers part of Main Zone at Nevera
Main Zone still open
High grade zone identified within Main Zone
Significant upside potential yet to be drilled
CGN Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held