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  • Anova Metals (AWN) shares have risen after the Jerritt Canyon processing plant, near its Big Springs Gold Project in Nevada, changed hands
  • First Majestic has signed a definitive agreement with Sprott Mining that could see the latter acquire the Jerritt Canyon gold mine and processing plant
  • At present, the processing plant which is located 20 kilometres from Anova’s project is operating at half of its nameplate capacity
  • Without delving into details, First Majestic has said it has identified several opportunities to enhance Jerritt’s cost and production profile
  • In the coming week, Anova is expecting to announce its exploration program for 2021 which will target resource growth at the project
  • AWN shares have closed 26.3 per cent higher at 2.4 cents

Anova Metals (AWN) shares have risen after the Jerritt Canyon processing plant, near its Big Springs Gold Project in the U.S., changed hands.

First Majestic has signed a definitive agreement with Sprott Mining that could see the latter acquire the Jerritt Canyon gold mine and processing plant.

At present, the processing plant which is located 20 kilometres from Anova’s project in Nevada, is operating at approximately half of its nameplate capacity.

Without delving into details, First Majestic said in its public announcement of the acquisition that it has, “identified several opportunities to enhance both the cost and production profile of Jerritt Canyon”.

The Big Springs Gold Project

Big Springs has a measured, indicated and inferred mineral resource of 16 million tonnes at 2.0g/t gold for 1.03 million ounces of contained gold.

Given Big Springs in adjacent to Jerritt Canyon, its mineralogy is comparable and according to Anova, it appears the Jerry Canyon flowsheet is well suited to the treatment of material from Big Springs.

In the coming week, Anova expects to announce its exploration program for 2021, which will target resource growth at the project.

AWN shares have closed 26.3 per cent higher at 2.4 cents.

AWV by the numbers
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