A feasibility study, performed by Kappes, Cassiday & Associates and Mine Development Associates suggests a mining project with a shallow open pit mine with a heap leach and a conventional carbon adsorption processing plant for precious metal recovery.

Mining as per the Feasibility Study considers only 40% of the gold ounces from the total oxide mineral resource.

Pre-production capital costs for the project are estimated at $131.8m and operations are projected at 10,000t a day producing 87,700oz gold equivalent every year.

Sulliden Gold president and CEO Peter Tagliamonte said that the feasibility study marks a significant milestone towards the company’s strategy to become a gold producer.

"We are pleased to be able to deliver an initial project study with modestly sized capital costs that we believe should provide faster cash flow generation, expeditious permitting, and a shorter construction schedule."