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Whitewood Creek project, located in South
Dakota. USA-
The company controls over 250,000 of the
property’s 729,000 ounces of Proven and Minable reserves { Pre NI 43-101}
contained in mine tailings, and with recovery costs totaling approximately $110
per ounce, Whitewood Creek is a major asset for Goldstake.
Before mining can
begin, a Mine Permit and Bankable Feasibility Study must be completed at an
estimated cost of $3 million USD.
Goldstake owns
the only viable tailings repository {capacity up to 20 million tons}
within at least
30 miles of the proposed mine site.
See following map (Exhibit
8 - property holdings).
Other Photos (Image
1)
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