Preliminary Economic Assessment For The Wind Mountain Project

 

VANCOUVER, BC - Solidus Gold Inc. reported on the filed technical report for the Wind Mountain gold and silver property in Nevada. Interim CEO, Steven Khan, commented "We are very pleased with the current PEA, which confirms our belief that the Wind Mountain project provides significant value and opportunity to our shareholders. We look forward to advancing the project under the recommendations of the Report".

The Wind Mountain Project is a past producing heap leach low-sulphidation-type gold and silver property consisting of 150 claims totaling approximately 1,147 hectares located within the highly prospective Walker Lane Gold trend approximately 160 kilometers northeast of Reno, Nevada, with good road access and power. The Company holds an option to acquire a 100% interest in the Wind Mountain Project from Bravada Gold Corporation.

In addition to the estimated and reported resources, there are four mine dumps that contain a total of about 10 million tons of material. The dumps have variable amounts of sampling. All of the sampling indicates the dumps could average between 0.005oz Au/T and 0.013oz Au/T. Although there are currently insufficient data to estimate grades spatially, and there is a potential sample-selection bias, with further drilling and sampling much of these dumps' grade and tons could be quantified for economic evaluation.