Solidus Resources has announced the results of the feasibility study for its Spring Valley gold project in Pershing County, Nev. The study was prepared by lead consultant Ausenco Engineering Canada.
“The Spring Valley project will be Nevada’s next large heap leach gold mine with a 10-plus year mine life and first quartile AISC. The completion of the feasibility study represents another major milestone in the advancement of the project towards a construction decision in H2 2025,” said Isser Elishis, chairman and CEO of Waterton Mining (parent company of Solidus).
“The project is expected to create 1,000-plus direct and indirect jobs in the local community. The feasibility study reflects market pricing and real-time capital and operating costs applying experience from Waterton’s recent Mineral Park construction project. We anticipate leveraging the expertise gained from Mineral Park and presence of over a decade in Nevada towards the construction and operation of Spring Valley upon receipt of full permits, anticipated in Q2 of this year.”
The mine plan will entail excavation of 957 million tons of material mined during 10 years while process operations are active. Following the completion of pit operations, process operations will continue for a further nine months of residual leaching.
Spring Valley is expected to be mined from a single open pit utilizing 320-ton autonomous haul trucks and hydraulic face shovel excavators. Blasthole drills will also use autonomous drill system technology.
The project contains 3.8 million ounces of proven and probable mineral reserves at an average gold grade of 0.016 oz/ton.
Source: Solidus Resources