"... Sabre Gold Begins Permitting Process for Brewery Creek https://www.sabre.gold/
"During early June, Sabre Gold Mines Corp., through its subsidiary, Golden Predator Exploration Ltd., initiated the permitting process at the Brewery Creek Property, providing a project update to the Yukon Environmental and Socio-Economic Assessment Board (YESAB). Last year, Arizona Gold Corp. acquired Golden Predator Mining Corp., which was working toward reopening Brewery Creek, and changed the company’s name to Sabre Gold Mines Corp.
Yukon’s policy required Sabre Gold to provide a 30-day written notice of its intent to submit an updated project description on Brewery Creek for Executive Committee Screening. The next step will be working with YESAB’s Executive Committee to draft the project proposal guidelines. The project proposal guidelines will frame the environmental and socioeconomic assessment for the project.
Brewery Creek’s project description has been updated to reflect the project profile as included in the January 2022 Preliminary Economic Assessment (PEA), which further outlines details regarding the mine expansion and operational restart at the Brewery Creek mine.
The updated project description envisions mining nearly 18.7 million mt of ore from nine open pits with a mining life of approximately nine years. Ensero Solutions Canada Inc. assisted in writing the project description. The local Tr’ondëk Hwëch’in First Nation (THFN) were also consulted for purposes of the initial project description.
The submission of an updated project description commences the permitting process to bring the Brewery Creek mine back into operations with a timeline that is anticipated to be shortened as it was a former producer and fully permitted,” Sabre Gold President and CEO Giulio Bonifacio explained. “Sabre Gold looks forward to working with the local First Nations and YESAB to work through the assessment process in a timely and efficient manner. Sabre Gold is also renewing the Class IV Land Use permit at Brewery Creek for another 10 years. The Land Use Permit authorizes exploration activities across the claims including further drilling to test several highly prospective drill targets within and outside of the current resource areas for purposes of expansion of the current resource.”
With an average annual production of 60,000 oz/y for a total 473,000 oz gold over an initial eight-year mine life, the PEA determined an after-tax net present value at 5% of $112 million at an internal rate of return (IRR) of 27.6% at $1,700/oz gold increasing to $157 million at an IRR of 35.7% at $1,900/oz gold. Total cash costs and all-in sustaining costs are estimated at $850/oz and $966/oz, respectively. The operation would require a preproduction capital investment of $105 million with life of mine sustaining costs of $18 million. The payback period would be 2.6 years at $1,700/oz gold.
Sabre Gold said Brewery Creek also has excellent expansion potential to extend mine life and annual production with three open prospective resource areas and several targets within a 182-km2 project boundary.
The PEA was prepared in accordance with NI 43-101 and evaluated the economics of resuming mining at Brewery Creek through open-pit mining and heap leaching mined material for gold recovery to doré. The PEA study was prepared by Kappes, Cassiday & Associates of Reno, Nevada, in cooperation with Tetra Tech Inc. of Golden, Colorado, Gustavson and Associates of Lakewood, Colorado, and Wood Environment & Infrastructure Solutions, of Vancouver, British Columbia...."
Thanks Sabre Gold Management; also Engineering & Mining Journal for this pertinent information!
https://www.e-mj.com/features/yukon-attracts-renewed-interest/
https://www.kcareno.com/
https://www.tetratech.com/
https://www.gustavson.com/
https://www.acec.ca/business_search.html/search/profile/id/10800
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