Star inks deal with mining heavyweight to fast-track Mid West gold
BGR joined the Star Register in the capital increase of $ 1.6 million last month, clearly understanding the potential of the project on a background of a strongly expanding gold market.
Star says it’s not wasting time. The process of environmental approval is underway: this is the longest lead article in the authorization process. The company aims to block these approvals within months.
The next article in the list will be to block a toll treatment agreement with an existing mill in the region. This should not prove too difficult to obtain the impressive degree of head of 2.28 g/ta 2,52 g/t gold, which is a quality feed for today’s producers.
The company has also continued the exploration perforation tests provided for the end of this year, targeting the high degree gold loghe identified in a detailed desktop review. If the program opened well more gold resources, an extended design could put an additional 16,000 ounces into play, further soften the pot.
The peers of the sector, such as the Auric Mining and Horizon minerals, unlocked stages blocked on existing mining lease contracts through toll treatment, which undoubtedly has a role in the recent change of strategy of stars. With the support of mega and gold prices that touch the historical tops, Star could be in line to make a lot of hay while the sun shines, potentially as soon as next year.
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