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If you are interested in the gold sector, then it may be a good idea to consider taking a closer look at Steppe Gold Limited (STGO.T) (OTCQX:STPGF). There have been some recent developments from the company, and it could be a good idea for investors to consider taking a closer look. On Wednesday, the company’s executive vice president, Aneel Waraich, had an interview with Proactive’s Steve Darling with regard to a significant new development.
At the interview, Waraich provided some key information with regard to the successful completion of the updated preliminary economic assessment of the Peru-based Tres Cruces Oxide Gold Project. It was noted that the project was located strategically in a geological belt of considerable promise that had delivered major successes in the mining sector over the years. Some of those successes included the La Arena and Lagunas Norte mines. In the interview, Waraich noted that the TresCrues project had a substantial resource that combined both sulfide and oxide categories.
The project had indicated a resource to the tune of 2,474,000 gold ounces with a grade of 1.65 g/t. The infill drilling that had been conducted at the property in 2022 validated the continuity of mineralization in the deposit. On August 22, the company announced that it had completed the filing of a preliminary economic assessment with regard to the Tres Cruces property, which it owns in its entirety.
The company’s Chief Executive Officer and Chairman, Bataa Tumur-Ochir, spoke about the development as well. He noted that everyone at the company was excited about the announcement of the updated technical study for the project. The technical report noted that the drilling activities completed last year revealed a continuity of mineralization at the project. The costs of construction went up 4.55 percent owing to inflationary pressures.
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