This post was originally published on this site.Stormlands Mining has modelled Lode Gold Resources’ (TSXV: LOD) Fremont gold property in Mariposa County, California. The generated case study increases the net present value (NPV) to $511.5 million after applying current gold prices to public technical data. Located about 240 kilometres from San Francisco, Fremont covers about 13.56 sq. km. A historical mine on the property graded 10.7 grams of gold per short ton, before it was suspended in the 1930s. Lode is currently conducting exploration drilling on the property in advance of a pre-feasibility study (PFS) expected in 2027. “Fremont shows...

This post was originally published on this site.Artemis Gold (TSXV: ARTG; US-OTC: ARGTF) has raised the cost of its first Blackwater mill expansion in British Columbia to C$120 million ($85.3 million), an increase of as much as 20%, while keeping plans to start the larger plant by year-end. The company had budgeted C$100 million to C$110 million before firming the scope and adding spare equipment to lift designed processing capacity by a third to 8 million tonnes a year. The work at site, about 450 km northeast of Vancouver, was 57% complete at June 30, the company said in a...