Aurico Metal Inc. (AMI)

[NYBob]

Kemess Underground -

http://www.auricogold.com/development-project/kemess-underground/default.aspx

The Kemess Underground Project
is located approximately 5.5 km north of the past producing
Kemess South mine in north-central British Columbia.
During its mine-life, the Kemess South mine produced close
to 3 million ounces of gold and
over 700 million pounds of copper.

The results from the Kemess Underground
feasibility study outline the development of an underground block
cave operation with
average annual production of 105,000 ounces of gold and
44 million pounds of copper at cash costs of $213 per ounce of
gold, net of by-product credits,
over a mine-life of approximately 12 years using base case
commodity price assumptions of $1,300 per ounce for gold,
$3.00 per pound for copper and
$23 per ounce for silver and
an exchange rate of US$/CDN$1.00.

The envisaged Kemess Underground block cave operation would
leverage the existing infrastructure and mill facilities at
the Kemess South mine,
currently on care and maintenance, including a permitted area
for tailings storage in the Kemess South open pit.

Over the next two years, the Company intends to pursue strategies
at Kemess that enhance intrinsic value,
such as permitting and additional exploration outside existing
reserves, to further develop the optionality of this asset.

Kemess Underground NI 43-101 Technical Report
Download

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