Project Highlights
- Option to acquire 100% from ARC Minerals Ltd
- 11.8km2 Kremnica Mining Licence and 63km2 Lutila Exploration Licence
- Low cost and safe EU jurisdiction of Slovakia
- Advanced gold asset with an existing PFS completed by SRK Consulting
- Open cut JORC (2004) Resource of 25.1Mt @ 1.64g/t AuEq for 1.32Moz AuEq estimated by Snowden Mining Industry Consultants (2012 Snowdens Resource Report)
- Open cut JORC (2004) Proven and Probable Ore Reserve of 14Mt @ 1.90g/t AuEq for 873koz AuEq estimated by SRK Consulting (2013 Pre-Feasibility Study)
- Historically produced over 1.5Moz of gold and 6.7Moz of silver worth more than A$3.4 billion at today’s metal prices (19 November 2019)
- Opportunity to apply modern processing strategy to a historically significant gold deposit
- Barrick Gold Corporation adopted a thiosulphate gold recovery circuit in its operations at the Goldstrike Mine in Nevada – see NI 43-101 Technical Report (March 2019)
- Significant exploration upside exists along strike of the main Sturec defined resource as well as down dip / plunge of the existing ore body
Project Location
Regional Exploration Targets
Visible Gold in Sturec Zone
