Fredonia on track to release PEA for Argentinian project in August
The preliminary economic assessment (PEA) on TSX-V-listed Fredonia Mining’s El Dorado Monserrat project, in Argentina, remains on track for completion in August.
The study is evaluating a range of development scenarios and optimisation opportunities aimed at defining a clear path forward for the project. Concurrently, management is assessing strategies that could support future stages of project evaluation, including a potential prefeasibility study.
Over the past few months, Fredonia has executed key initiatives to enhance the value and long-term development potential of the project, including initiatives aimed to developer the larger land package in an integrated manner – since Fredonia recently completed a series of property acquisitions and land consolidation initiatives within the El Dorado Monserrat district.
The acquisitions include Pan American Silver’s properties that improved continuity for Fredonia between the district’s northern and southern mineralised trends. The company also secured the Judite property, which is located near AngloGold Ashanti’s Cerro Vanguardia gold/silver mine.
Fredonia currently holds gold and silver licence areas totalling 64 000 ha in the prolific Deseado Massif geological region in the province of Santa Cruz.
Meanwhile, Fredonia continues to advance a 10 000 m diamond drill programme on site, which started in April. About 1 800 m of drilling has been completed to date, with samples having been submitted for analysis.
The first assay results are expected within two weeks.
The drilling is focused on evaluating priority target areas and advancing the understanding of the project’s mineralisation potential.
Fredonia plans to maintain momentum across its technical, exploration and corporate efforts, including financing options that could support future stages of project evaluation.
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