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Tag: Tarachi Gold Corp.

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Tarachi Gold Corp. (CSE:TRG) – PEA and Updated MRE at Magistral Confirm Robust Economics

Tarachi Gold released results from its updated mineral resource estimate (MRE) and PEA for its 100%-owned Magistral del Oro mill and tailings project in Durango, Mexico. The PEA outlines a strong economic profile with a post-tax NPV5% of US$21M, IRR of 85%, and a one-year payback period, over a 3.4-year mine life. The project involves the rehabilitation and upgrade of the 1,000 tpd Magistral mill, including the addition of a SART (sulphidation, acidification, recycling, and thickening) plant. The mill would be used to process adjacent tailings from a historic mining operation. Overall, the study outlines a potential low capex, operating cost, and environmental impact tailing reprocessing operation that can be brought into production with 12 months. The project likely has further upside, as the PEA incorporates ~89% of the M&I resources, and the company believes it could process portions of the remaining mineralization. Tarachi is also looking to acquire tailings in the area for re-processing, which would increase the lifespan of the project.

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Red Cloud | redcloudfs.com

Q3 Producer Preview & Commodity Price Update – Lowering Gold Price Forecasts While Most Commodities Increased

Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.

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Tarachi Gold Corp. (CSE:TRG) – Mixed Results from RC Drilling at Jabali

Tarachi Gold reported assay results from five surface reverse circulation (RC) holes completed at the historical La Dura mine on the company’s Jabali concession at its Tarachi project in Sonora, Mexico. While all holes encountered gold mineralization, the results are mixed, with one hole encountering significant mineralization (>85 mg/t Au) near previously reported high-grade intersections from core drilling, but only limited mineralization (<10 mg/t Au) encountered in the four holes that stepped out further. Nevertheless, these holes demonstrate the presence of a mineralized system, and they provide the company with an improved geological understanding which could help guide future drilling.

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