| Announcement Date: | 2023-01-23 |
|---|---|
| Announcement Type: | Pre-Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | West Vault Mining Inc. |
| Project name: | Hasbrouck |
| Location: | United States |
| Commodities: | Gold,Silver |
| Highlight: | Pre-Feasibility Study result incl. Post Tax NPV (5%) of USD $206M & IRR of 51% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | VANCOUVER, BRITISH COLUMBIA, January 23, 2023 – West Vault Mining Inc. (“West Vault” or the “Company”) (TSXV:WVM, OTCX:WVMDF) is pleased to announce the results of an independent NI 43-101 Pre-feasibility Study (“Technical Report”) prepared by USA-based engineering firm RESPEC Company LLC (“RESPEC”) for West Vault’s 100% owned Hasbrouck Gold Project located near Tonopah, Nevada. West Vault intends to file the Technical Report on SEDAR (www.sedar.com) within 45 days of this news release. The Technical Report updates a September 2016 Pre-feasibility Study (“2016 PFS”), necessary because of the possible effect of increased capital costs, operating costs, and metal prices on project economics, and their combined effects on Mineral Resource and Mineral Reserve. After completion of the Technical Report, it has been determined that the mine plan, mineral processing, and Mineral Resource and Mineral Reserve Statements are substantially unchanged from the 2016 PFS. Exploration and expansion potential on the fully permitted project is highlighted. |
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