About Us

Corporate Highlights

  • Initial inferred resource of 651,000 ounces of open pittable oxide gold
  • 100% interest in Mexican Hat Gold Property located in mining-friendly Arizona
  • Open pit scenario suited to a low cost heap leach operation
  • Mineralization open in all directions and at depth – metallurgical results show impressive gold recoveries

Preliminary Economic Assessment Highlights (filed December 2018)

  • Two-stage open circuit stacked at a rate of approximately 15,000 tonnes per day on a conventional heap leach pad
  • Current mine life of 5-years with a 1-year pre-production period….open to expansion
  • Life of mine (LOM) head grade of 0.66 g/t gold
  • Low LOM Strip Ratio of 2.8
  • IRR—33.1%
  • Payback —2 years
  • Next phases of work: drilling to expand resource and enhance NPV of US$133.3million.
  • Total amount of gold recovered is estimated at 470,000 oz
  • Average annual gold production of approximately 94,000 oz
  • Peak annual gold production of approximately 118,000 oz
  • LOM direct operating cash cost is estimated at $658/oz of gold recovered
  • All-in sustaining cost is estimated at $764/oz of gold recovered
  • LOM sustaining capital costs is estimated at $40.0 million

** The base case assumes a gold price of US$1,300 per ounce (oz). All figures are stated in U.S. Dollars ($). All tonnages are metric tonnes. Precious metal grades are in grams per metric tonne (g/t).