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Flagship Minerals bought a Chilean gold project's core and data for under $3M, saving $30M and years of work.
Flagship Minerals has acquired a Chilean warehouse containing over 32,000 meters of drill core and samples from the Pantanillo gold project, including data from Anglo American, Kinross, and Orosur, for under $3 million.
The find saves years of work and $30 million in costs.
The company is testing a 690-kilogram ore sample in China to optimize gold recovery via heap-leach and flotation, with past results showing up to 89.6% recovery.
Flagship aims to develop a 10-year, 100,000-ounce-per-year open-pit operation and convert the project’s foreign resource estimate into a full JORC-compliant resource, with drilling planned for 2026.
Flagship Minerals compró el núcleo y los datos de un proyecto de oro chileno por menos de $ 3M, ahorrando $ 30M y años de trabajo.