Rozino Gold Project
Total Page:16
File Type:pdf, Size:1020Kb
ROZINO GOLD PROJECT Pre-feasibility Technical Report REPORT Nº R366.2020 14 October 2020 VELOCITY MINERALS LTD Rozino Gold Project Pre-feasibility Study Report prepared for Client Name Velocity Minerals Ltd Project Name/Job Code Rozino Gold Project Pre-feasibility Contact Name Keith Henderson Contact Title CEO Office Address 2300-1177 West Hastings Street Vancouver, BC Canada, V6E 2K3 Report issued by CSA Global Consultants Canada Ltd 1111 W Hastings Street, 15th Floor Vancouver, B.C., V6E 2J3 CANADA CSA Global Office T +1 604 981 8000 E [email protected] Division Mining Report information File name R366.2020_RozinoGoldProject_PFS_TechnicalReport_final Last edited 14 October 2020 Report Status Final Author and Reviewer Signatures Coordinating Andrew Sharp Author BEng PEng, FAusIMM Karl Van Olden BSC(Eng), Peer Reviewer GDE, MBA, FAusIMM. CSA Global Karl Van Olden BSC(Eng), Authorization GDE, MBA, FAusIMM. © Copyright 2020 CSA Global Report №: R366.2020 8 VELOCITY MINERALS LTD Rozino Gold Project Pre-feasibility Study TABLE OF CONTENTS Report prepared for .............................................................................................................................................. II Report issued by ................................................................................................................................................... II Report information ............................................................................................................................................... II Author and Reviewer Signatures ........................................................................................................................... II 1 SUMMARY ......................................................................................................................................................16 1.1 Introduction ............................................................................................................................................ 16 1.2 Property and Locality Description ............................................................................................................ 17 1.3 History ..................................................................................................................................................... 17 1.4 Geology and Deposit Type ....................................................................................................................... 17 1.5 Exploration / Drilling and Sampling .......................................................................................................... 18 1.6 Mineral Processing and Metallurgical Testing .......................................................................................... 18 1.7 Mineral Resource Estimation ................................................................................................................... 19 1.8 Mineral Reserve Estimate ........................................................................................................................ 20 1.9 Mining Method ........................................................................................................................................ 21 1.10 Recovery Methods ................................................................................................................................... 21 1.11 Project Infrastructure .............................................................................................................................. 22 1.12 Market Studies and Contracts .................................................................................................................. 23 1.13 Environmental and Social ........................................................................................................................ 23 1.14 Capital and Operating Costs ..................................................................................................................... 24 1.15 Economic Analysis ................................................................................................................................... 25 1.16 Interpretations and Conclusions .............................................................................................................. 27 1.17 Recommendations ................................................................................................................................... 28 1.17.1 Exploration and Mineral Resource Estimation ............................................................................................ 28 1.17.2 Summary ...................................................................................................................................................... 28 2 INTRODUCTION ..............................................................................................................................................30 2.1 Introduction ............................................................................................................................................ 30 2.2 Scope of Work ......................................................................................................................................... 30 2.3 Qualified Person Responsibilities and Site Inspections ............................................................................. 31 2.4 Sources of Information ............................................................................................................................ 34 3 RELIANCE ON OTHER EXPERTS ........................................................................................................................35 4 PROPERTY DESCRIPTION AND LOCATION .......................................................................................................36 4.1 Property Location and Description........................................................................................................... 36 4.2 Mineral Tenure ........................................................................................................................................ 36 4.3 Datum and Projection .............................................................................................................................. 37 4.4 Prospecting Licence 467 .......................................................................................................................... 37 4.5 Royalties .................................................................................................................................................. 38 4.6 Surface Rights .......................................................................................................................................... 38 4.7 Permitting ............................................................................................................................................... 39 4.8 Environmental Liabilities.......................................................................................................................... 39 5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND ACCESSIBILITY ...................................40 5.1 Accessibility ............................................................................................................................................. 40 5.2 Climate and Physiography ....................................................................................................................... 41 CSA Global Report №: R366.2020 8 VELOCITY MINERALS LTD Rozino Gold Project Pre-feasibility Study 5.3 Local Resources ....................................................................................................................................... 41 5.4 Infrastructure .......................................................................................................................................... 42 6 HISTORY ..........................................................................................................................................................43 7 GEOLOGICAL SETTING AND MINERALIZATION ...............................................................................................44 7.1 Regional Geological Setting ..................................................................................................................... 44 7.2 Tintyava Property Geological Setting ....................................................................................................... 46 7.3 Rozino Mineralization .............................................................................................................................. 50 8 DEPOSIT TYPES ...............................................................................................................................................52 9 EXPLORATION .................................................................................................................................................54 9.1 Work completed ...................................................................................................................................... 54 9.1.1 Introduction ................................................................................................................................................. 54 9.1.2 Velocity exploration activities ...................................................................................................................... 54 9.1.3 Sample Representivity ................................................................................................................................