Cerro del Gallo Feasibility
current Gold and silver prices provide significant potential for a resource upgrade once the feasability study has been done.
March 2012 is the target for
release of feasibility study results
on the Cerro del Gallo silver/gold
project.
This study is expected to reflect
improved economics and more
advanced project information,
building on the $A260m nominal Net
Present Value (NPV) project scoping
study released in March 2010.
It is worth recalling that the
original scoping study used a $US900
gold and $US15 silver price.
With gold and silver spot prices
having remained at least 50-100% above
those figures for the past 11 months,
potential clearly exists for a
material increase in the attributable
NPV of Cerro del Gallo.
Foremost priority for now is Cerro del Gallo?s progression.
Cerro del Gallo Feasibilitycurrent Gold and silver prices...
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