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Cassidy Gold Corp.
Situated in the prolific Birimian gold fields, Kouroussa is the focus of a determined and experienced exploration and management team.
In February 2012, SRK Consulting (UK) Limited completed an NI 43-101 Preliminary Economic Assessment (PEA) which concluded that Kouroussa could produce an average of 64,000 ounces of gold annually over 10 years at total production costs of $701 per ounce. It was determined that at a gold price of $1275 per ounce, the Net Present Value (NPV) of Kouroussa, using a discount rate of 10%, would be $126.5 million (pre tax).
As part of the Preliminary Economic Assessment, SRK completed a resource estimate defining an Indicated Resource of 705,000 ounces contained in 10,209,000 tonnes grading 2.15 g/t Au and an Inferred Resource of 261,000 ounces contained in 3,272,000 tonnes grading 2.48 g/t Au. Most of the gold resources reported lie within 150 metres of the surface.
After a successful and democratic election in Guinea late in 2010, Cassidy has initiated an Environmental and Social Impact Assessment, is planning to commence a Pre-feasibility study and is evaluating a new exploration program.
Contact Us
432 Royal Avenue
Kamloops, BC
Canada V2B 3P7
Telephone: 250.372.8222
Fax: 250.828.2269
info@cassidygold.com
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