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Saturday, April 15, 2023 9:26:32 AM
These findings are what triggered AMC to become a massive investor with Hycroft.
HYCROFT PROVIDES PRELIMINARY 2021 OPERATING RESULTS AND HIGHLIGHTS OF INITIAL ASSESSMENT
Identified that silver may be underestimated in the model: The detailed review also noted that a significant portion of historical drilling in the database does not include assay information for silver
The Company determined that assay information for silver was only included for drilling performed during the 2009 to 2014-time frame, with the majority of those assays containing notable quantities of silver. This represents a significant valuation opportunity at Hycroft that is critical to finalizing a project flowsheet and design. The Company is reviewing pre-2010 drilling information and is in the process of locating and cataloging historical pulps with the objective of re-analyzing for the missing silver values
The Company is reviewing pre-2010 drilling information and is in the process of locating and cataloging historical pulps with the objective of re-analyzing for the missing silver values.
Potential opportunities to increase resources in block model: Some areas within the designed pits have limited drilling and, based on the geology and surrounding drill results, the Company expects that additional limited drilling could convert material currently considered as waste in the model to an ore classification, which would reduce the strip ratio, haulage costs and equipment, and increase revenue.
https://www.prnewswire.com/news-releases/hycroft-provides-preliminary-2021-operating-results-and-highlights-of-initial-assessment-301487082.html
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