other material
confidence high
sentiment positive
materiality 0.55
U.S. GoldMining plans PEA for Whistler project; resource 6.48Moz AuEq indicated
U.S. GoldMining Inc.
- Commencing PEA for Whistler Gold-Copper Project in Alaska, 105 miles NW of Anchorage.
- Existing indicated resource: 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq; inferred: 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq.
- PEA timing aligns with record gold prices >$3,000/oz vs resource estimate price of $1,850/oz.
- Decision follows successful 2023-2024 drilling including best intercept of 652.5m at 1.00 g/t AuEq.
- RFP process underway to select mine engineering firm; full financing in place for PEA completion.