MAS Gold Corp (TSX-V:MAS, OTCQB:MSGCF) said it is hiring two well-respected mining experts to move its scoping study forward on its five gold exploration projects in the La Ronge greenstone belt in northern Saskatchewan.
Ron Avery and Andre Douchane, both with extensive experience in exploration projects and the mining industry, will join MAS Gold as consultants.
MAS Gold's CEO Jim Engdahl said he’s excited to have the pair on the team.
READ: MAS Gold intersects one of the highest assay results ever recorded at North Lake deposit, reveals final winter drill results from La Ronge
"They will work with our chief geologist Darren Slugoski to complete a scoping study and help the company on our strategy and plans for the La Ronge Greenstone belt. I have worked with Andre on other boards and to have him working for us in this capacity gives MAS the confidence we need in moving forward. Ron Avery has worked with Ron Netolitsky in the past on many of our properties and is also a tremendous addition in assisting us in achieving our goals,” Engdahl said in a statement.
Avery has over 35 years of field experience working on a wide variety of uranium, gold and diamond exploration projects, ranging from grassroots scale investigations through to core drilling of advanced prospects and to deposit status, MAS Gold said.
He is associated with the discovery and delineation of three gold deposits in the La Ronge gold belt in Saskatchewan – the Bingo deposit, EP deposit and Birch Crossing deposit – and has evaluated gold prospects and deposits elsewhere in Canada, the United States, and south Asia in Myanmar, the Philippines and Indonesia, the company said.
According to MAS Gold, Douchane has over 45 years experience in mining and has worked in and operated open pit, dredge, and underground mines on three continents.
Douchane has also worked with government representatives on local, and federal levels and has extensive knowledge of pertinent mining laws and regulations, the company said, adding that Douchane has worked with principals and analysts within North American and European financial institutions and has been a key member in several successful project financing efforts.
The scoping study will assess the viability of MAS Gold’s proposed Hub (North Lake deposit) and Spoke (Contact Lake, Preview Southwest) and also determine if Greywacke North deposit has the potential as a stand-alone early producer based on previous testing of gravity separation, according to the company.
MAS Gold's chief geologist Darren Slugoski said: "I am looking forward to working with both Ron Avery and Andre Douchane. Their experience and expertise moving projects to development will be heavily utilized to advance MAS Gold in 2023 and effectively move into development."
Strategic update on MAS Gold mining projects
MAS Gold said it is looking to advance its long-term goal of producing more than 100,000 ounces per year by co-mingling the spoke properties – Greywacke North, Preview SW, Contact Lake, Point and others – with the North Lake hub, its proposed mill site.
The company said its 2022 winter drill results, combined with the acquisitions of Contact Lake Mine and the Preview SW deposit, will help it complete the Pre-feasibility Economic Assessment sometime in 2023.
The North Lake Deposit continues to be the critical hub in the "hub and spoke" model, with the Preview SW, Greywacke North, and Contact Lake Gold deposits being the primary spokes, according to MAS Gold. The company said it expects to have resource estimates completed by the end of 2022 on the Preview SW deposit and North Lake.
“In completing the updates, we will also have digitized the mine workings of Contact Lake and in doing so, bring some of the historical resources onto our balance sheet in pursuit of our 2022 target of 1.5 million ounces,” the company said in a statement.
Saskatoon-based MAS Gold is a Canadian mineral exploration company focused on advancing its gold exploration projects in the prospective La Ronge Gold Belt of Saskatchewan.
Contact the author at susie@proactiveinvestors.com