Steppe Gold completes heap leach development at Altan - Financing update

(PresseBox) - Steppe Gold Limited (TSX: STGO) (the ?Company? or ?Steppe Gold? -https://www.commodity-tv.net/c/search_adv/?v=299041 ) is extremely pleased to

DEVELOPMENT UPDATE

The Company is pleased to announce that it has completed the heap leach development at its 100%-owned

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.

Key recent milestones are set out below:

The ADR plant has been fully installed and internal

The ADR building has been substantially completed with

Barren and pregnant pond

All carbon columns

The regeneration kiln

The elution column

The electro winning cells

All agitators, sump pumps, general pumps, electrical boxes, start/stop devices

All plant to

The chemical storage facility is substantially complete and ready for reagents

Crushing circuit is fully operational

Leach Cells 1 & 2 are completed and ready for additional crushed ore delivery.

The Company has been trial mining at ATO since November 2018 andany 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.

FINANCING UPDATE

With respect toeipt of shareholder and regulatory approvals.

The Offering

A Special Meeting of Shareholders has been set for August 23, 2019

?We are

ABOUT STEPPE GOLD LTD.

Steppe Gold is a precious metals development company with an aggressive growth strategy to build Steppe Gold into the premier precious metals company in Mongolia. The Company owns 100% of the advanced staged Altan Tsaagan Ovoo Gold Project where a heap leach development has been recently completed.

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Datum: 23.07.2019 - 01:56 Uhr
Sprache: Deutsch
News-ID 1550906
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