MRC gold mine construction remains on budget and on schedule

first_imgAtlantic Gold Corp reports that its Moose River Consolidated (MRC) mine in Meguma gold belt, Nova Scotia, one of Canada’s next open pit gold mines, is still on target for commissioning next monthBase case LOM will produce 87,000 oz/y gold over a minimum 8.5-year mine life at All-in Sustaining Costs of $552/ozNew Resource Estimate July 2017 -additional satellite deposits containing 850,000 oz Measured & Indicated within pit shells and 309,000 oz Inferred have potential to add LOM ounces of MRCRecognition of disseminated style mineralization in recent years has changed the understanding potential regionShale hosted mineralization previously overlooked combined with traditional quartz veins results in 50-100 m wide bulk mineable zones in open pitRegion underexplored for this deposit model.last_img read more