Steppe Gold doubles ATO mine resource

Steppe Gold doubles ATO mine resource
ATO gold mine. Credit: Steppe Gold
Steppe Gold (TSX: STGO) has doubled the mineral resource at its ATO gold mine from 1.22 million oz gold equivalent (AuEq) to 2.45 million oz, the Mongolia-focused miner announced Wednesday.
This updated resource estimate will form the basis of the upcoming bankable feasibility study (BFS) due out in Q2 2021.
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The updated ATO resource includes 41.6 million tonnes of measured and indicated resources with an average grade of 1.67 g/t AuEq, containing 2.24 million oz AuEq (1.39 million oz gold and 20.48 million oz silver).
The increase in M&I resources is primarily due to significant expansion through drilling at the ATO 4 deposit and incorporation of a maiden resource at the Mungu deposit, the company said.

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