Heap Leach Development Completed At Altan Tsaagan Ovoo Project

TORONTO - Steppe Gold Limited has completed the heap leach development at its 100%-owned Altan Tsaagan Ovoo Gold Project.  

Internal commissioning of the ADR plant has been satisfactorily completed and the Company is now awaiting final cyanide permits before commencement of irrigation and gold production. 

The Company has been trial mining at ATO since November 2018 and completed Phase I mining in the Spring with 230,000 tonnes mined at a grade of 2.3g/t gold for approximately 17,000oz of gold. This has been crushed and stacked on Cell 1 of the leach pad with leaching ready to commence. Mining is set to recommence prior to the commencement of leaching. The Company expects to produce approximately 40,000oz of gold per annum in the initial years of production from the heap leach operation before the expected transition to an expanded circa 150,000oz per annum fresh rock crush and grind CIL operation, which is currently subject to a new feasibility study.

The Company has three diamond core exploration drilling rigs on site at the ATO project and drilling will focus on resource extensions at ATO1 and ATO4 as well as the high-grade gold discoveries at Mungu.

The company’s address is 40 King Street West Suite 4900, Toronto, ON M5H 4A2, (976) 7732-1914.