AngloGold Ashanti reports maiden 3.4Moz of gold and 14.2Moz of silver at its Silicon project in Nevada
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(Kitco News) - AngloGold Ashanti (NYSE: AU), one of the largest gold producers globally, today announced a maiden mineral resource at the Silicon project in Nevada and advancement of the project to pre-feasibility.
According to a press-release, the project's inferred mineral resource estimate defined 3.37 million ounces of gold at 0.87 g/t and 14.17 million ounces of silver at 3.66 g/t contained within 120.4 million tonnes.
The company said that new mineral resource reflects a major new discovery within the broader Beatty area and one of the most significant discoveries to be made in southern Nevada in recent years.
AngloGold CEO Alberto Calderon noted that this maiden mineral resource supports advancing the project forward into a pre-feasibility study.
"The Silicon project is a major new gold discovery in the Walker Lane belt and southern Nevada that will form an important part of AGA's future in the consolidated Beatty District that also includes the North Bullfrog and Mother Lode deposits that came to us through the recent acquisition of the remaining 80.5% interest in Corvus Gold," he added.
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The Silicon project is an exploration stage property 100% owned by AngloGold Ashanti North America, a wholly owned subsidiary of AngloGold Ashanti. A concept study was completed for the Silicon project in September 2021 and supports the reporting of a maiden mineral resource.