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Tiernan Gold (TSXV: TNGD) Director Chris Taylor says the company is advancing its Volcan gold project in Chile’s Maricunga district toward a pre-feasibility study targeted for 2027, backed by a C$58 million financing completed in November. The project hosts 9.8 Moz measured and indicated and total resources of about 11 Moz. “It’s an 11 million ounce deposit, basically,” Taylor said. “The thing is huge.” The large-scale oxide heap leach project has not seen exploration in more than a decade and sits in a district experiencing renewed development activity. Under a $3,600 gold scenario, Taylor estimates the current mine design could generate an after-tax NPV of about $3.6 billion and an IRR of roughly 47%. He said the most recent PEA used much lower gold price assumptions and “it really basically bears no resemblance to what the project could be under a sort of modern gold price regime.” Taylor also described Volcan as “it’s probably a top quartile in terms of all-in sustaining costs,” while highlighting additional exploration upside beyond the existing resource.