A final feasibility study should be completed later this year on a placer gold project in northeastern California being optioned by Vancouver-listed Centurion Minerals.
In-fill drilling is currently under way to firm up reserves of 17 million cu yds of gravel grading about 0.029 oz gold per cu yd. The company hopes to produce 33,000 oz of the yellow metal a year by processing one million tons annually. Centurian can earn anywhere from 50%-90% interest in the property.
The company’s shares are now listed on nasdaq as well as the vse.
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