Allied Nevada Gold Corp TSX:ANV announced proven and probable reserves from its Hycroft Property in Nevada.
Total proven and probable reserves for both heap leach and mill operations come to 1,134.67 million tonnes grading 0.01 g/t gold and 0.42 g/t silver for 12.65 million gold ounces and 481.88 million silver ounces.
Total measured and indicated resources for heap leach and mill operations come to 939.62 million tonnes grading 0.01 g/t gold and 0.25 g/t silver for 8.17 million gold ounces and 236.85 million silver ounces.
Total inferred resources for heap leach and mill operations come to 534.94 million tonnes grading 0.01 g/t gold and 0.25 g/t silver.
President/CEO Scott Caldwell comments, “We have successfully extended the mine life by continuing to focus our efforts on upgrading the resources at Hycroft. In 2012, drilling at Hycroft will be directed towards continuing to develop the current resource area as well as step-out targets on the greater Hycroft Property. We believe Hycroft is a world-class deposit that will sustain a long-life, low-cost production profile with significant regional potential.”
VP of Investor Relations
by Greg Klein