Central Nevada Gold Outlines Resource Viability for Nevada Project
What happened
Central Nevada Gold outlined an initial gold resource at Mule Canyon in Nevada, aiming to restart its former open-pit operation by 2028. The resource includes 11.9 million indicated tonnes grading 1.73 grams gold per tonne. CEO Simon Griffiths stated that the company's priority is demonstrating the technical and economic viability of recovering a substantial proportion of the resource.
From mining.com
Why it matters
The resource estimate provides Central Nevada Gold a basis for planning a return to production. The company is currently working on upgrading inferred material and securing restart permits. The resources were estimated based on a $3,800-per-oz. gold price and assumed metallurgical recovery of 93%.
Walker River Resources Corp. holds gold projects in Nevada.
From mining.com
Who's involved
- Simon GriffithsCEO of Camden National Corporation
- Camden National CorporationBank holding company led by Simon Griffiths
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The entities involved
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Simon Griffiths
doctoral candidate at the London School of Economics and Political Science
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