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The GU will allow the Company to test and optimize the flowsheet, develop the key commercial relationships and optimize the production of products demanded in the marketplace, given the inherent, high-quality nature of the concentrates produced to date.
The 5,000 tpy concentrate pilot plant is Phase 1 of the proposed path to production and includes a small-pit pilot processing plant with filtered tails technology, waste storage facility for co-disposal of wasterock and filtered tails and civil infrastructure. The Phase 1 operations will then determine the Phase 2 scaling up operations. The Phase 2 production facility will be similar in layout and process technology but will be able to produce 25,000 tpy of high-quality concentrate.
The upcomingPrefeasibility Study(PFS) results, expected in January of 2020, will present the detailed design of the Phase 1 facilities along with the PFS level design for the Phase 2 facilities and the maiden reserve estimate.
About
To learn more, please visit the Company website athttp://www.southstarmining.ca.
On behalf of the Board,
Mr.
Chief Executive Officer
Ph: +1 (314)266-0793 (US)
Ph: +55 (11) 2308-6839 (
Email:richard@southstarmining.com
For additional information, please contact:
Mr.
Chairman
Ph: +1 778-773-4560
Email:davemc@telus.net
Mr.
Director
Ph: +1 203 918-3098
Email:eric@southstarmining.com
For more information:https://southstarmining.com/.
Phone:416-868-1079 x231
Email:cathy@chfir.com
CAUTIONARY STATEMENT
Neither the
This news release and the Updated Technical Report contain references to inferred resources. The Report is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.
Forward-Looking Information
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
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Copyright (c) 2020 TheNewswire - All rights reserved., source