United States

Talapoosa Project

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Overview

Mine TypeOpen Pit
StagePreliminary Economic Assessment
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Mine Life10.8 years (as of Jan 1, 2015)

Owners

SourceSource
CompanyInterestOwnership
Gunpoint Exploration Ltd. 100 % Indirect
American Gold is a corporation incorporated under the laws of Nevada, USA and is a wholly-owned subsidiary of Gunpoint, a corporation incorporated under the laws of BC, Canada.

Deposit type

  • Epithermal
  • Vein / narrow vein

Summary:

The mineralization was divided into the following domains, separated by north-northwest fault, for the purpose of resource modelling.

Bear Creek Hanging-Wall Vein System/Domain, bounded by Ripper Fault to south and Cabin Fault to north. The Hanging-Wall vein is comprised predominantly of massive white sulphide poor silica with typical low- sulfidation epithermal textures, including recrystallization, coliform and crustiform banding, adularia bands, amethyst, etc.

Bear Creek Footwall Vein System/Domain, bounded by Cabin Fault to south and Talapoosa (South) Fault to the north. The Footwall vein is more sulphide rich, associated with a number of gangue phases including, red hematitic silica, chlorite and minor white to clear silica.

Main Zone Vein System/Domain bounded by Talapoosa (South) Fault to the south and Opal/Dyke Fault to the north.

The mineralization at both Dyke Adit and East Hill shows similarities in appearance and texture to that of the Hanging-Wall Zone at Bear Creek.

The modelling of veins and their bounding faults indicates that the general trend of all mineralization is around 115°, with two prominent dip angles:

- Steeply-dipping veins at approximately 70° south, for the Hanging-Wall and Footwall Zones at Bear Creek and for the eastern-most portion of the Main Zone.

- Shallowly-dipping veins, at approximately 20 to 40° south for the Dyke Adit, northwest part of the Main Zone (north) and the East Hill Vein. At least in the Main Zone, the flattening of vein dip could be the result of dilatational zones developed between the Talapoosa and Dyke Faults. In the case of the Dyke Adit and East Hill veins the attitude of the veining appears to parallel that of the contact between the hornblende andesite porphyry and the adjacent unit.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnitsAvg. AnnualLOM
Gold koz 55593
Silver koz 6797,365
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Annual mining rate 3.8 M tons of ore *
Annual processing rate 3.8 M tons *
Stripping / waste ratio 1.47 *
Waste tonnes, LOM 61,023 k tons *
Total tonnes mined, LOM 102,444 k tons *
Tonnes milled, LOM 41,420 k tons *
* According to 2015 study.

Production Costs

CommodityUnitsEstimated
Cash costs Gold USD 000
Cash costs Gold USD 0000000
Total cash costs Gold USD 000
Total cash costs Gold USD 0000000
All-in sustaining costs (AISC) Gold USD 000
All-in sustaining costs (AISC) Gold USD 0000000
All-in costs Gold USD 000
All-in costs Gold USD 0000000
Assumed price Silver USD 00
Assumed price Gold USD 0000
* According to 2015 study / presentation.
Net of By-Product.

Operating Costs

Currency2023
OP mining costs ($/t milled) USD 5.21 *  USD
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2015 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 155
G&A costs $M USD 35
Total OpEx $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
Net revenue (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 0% $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 0% $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

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Personnel

Mine Management

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Job TitleNamePhoneRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required Jul 27, 2023

Aerial view:

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