EXPLORATION & DEVELOPMENT

Nano-cap MAS starts PEA on 100,000oz plan

The PEA is planned to be completed sometime next year.

 The long-term goal is to create a mining operation capable of producing more than 100,000oz per year by co-mingling the spoke properties with the North Lake hub.

The long-term goal is to create a mining operation capable of producing more than 100,000oz per year by co-mingling the spoke properties with the North Lake hub.

The main focus of the scoping study will be to assess the hub, North Lake deposit, and spoke, Contact Lake, Preview Southwest and others, model viability and determine if its Greywacke North deposit has the potential as a stand-alone early producer.

The PEA is planned to be completed sometime next year.

The company is also expecting to update its resource estimates on both Preview Southwest and North Lake by the end of next year.

"In completing the updates, we will also have digitized the mine workings of Contact Lake and in doing so bring some of the historical resources onto our balance sheet in pursuit of our 2022 target of 1.5 million oz," MAS said.

The long-term goal is to create a mining operation capable of producing more than 100,000oz per year by co-mingling the spoke properties with the North Lake hub.

Red Cloud Securities said, "we are encouraged to see plans to rapidly advance toward a PEA for the combined project".

MAS Gold has a share price of C$0.055 and market capitalisation of C$11.03 million (US$8.04 million).

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.