Within the Copperstone Project is the Copperstone Mine. Existing infrastructure includes a power line, substation, three water wells, 4,300ft of underground development, supporting infrastructure, offices, maintenance shops, a laboratory building, permitted tailings facility, 600 ton per day ball mill, all sufficient, with modest refurbishment, for the currently contemplated restart of operations at the Copperstone Mine.
Copperstone Project Development Further updates to the mine design commenced in Q1 2023 and a Preliminary Economic Assessment (PEA) was released in June 2023. Sabre Gold management worked with Hard Rock Consulting, LLC to complete the PEA, which included comprehensive reviews of the construction, operations and costs, to provide confidence for potential project commencement and completion within budget and schedule. Trade off studies on initial capital items and initial earthworks will commence as soon as the Company moves towards a formal construction decision. |