other material
confidence high
sentiment positive
materiality 0.70
ACRG discloses gold/silver resource estimates for Caribou mine in SMS Group acquisition update
American Clean Resources Group, Inc.
- Measured & Indicated: 94,000 oz gold, 1.172M oz silver at Cross mine.
- Inferred: 133,500 oz gold, 1.46M oz silver, mostly at Caribou mine.
- Potential speculative resources: additional 92,000 oz gold, 1.7M oz silver.
- SK-1300 Initial Mineral Assessment completed August 30, 2023.
- Acquisition of SMS Group (owner of Cross and Caribou) is transformative, closing subject to due diligence.