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Natural resources

Big Ridge Gold Corp. Engages SGS for Preliminary Economic Assessment of Hope Brook Gold Project

Strategic Insights

— 1 min read

Big Ridge Gold Corp. has entered into an agreement with SGS Geological Services to conduct a Preliminary Economic Assessment (PEA) on the Hope Brook Gold Project in Newfoundland and Labrador. This development comes as gold prices continue to reach new highs, and the company has recently completed environmental baseline and ore sorting studies. The PEA is expected to be delivered in the first quarter of 2026, providing valuable insights into the project's potential economic viability. The Hope Brook Gold Project has a rich history, with previous production of 752,162 ounces of gold from 1987-1997. The project hosts an Indicated gold resource of 1.2 million ounces and an Inferred resource of 231,000 ounces, making it one of the highest-grade open-pit resources in Canada.

Key Takeaways:

  • Big Ridge Gold Corp. has engaged SGS Geological Services to conduct a Preliminary Economic Assessment (PEA) on the Hope Brook Gold Project.
  • The PEA is expected to be delivered in the first quarter of 2026, providing valuable insights into the project's potential economic viability.
  • The Hope Brook Gold Project has a rich history, with previous production of 752,162 ounces of gold from 1987-1997.
  • The project hosts an Indicated gold resource of 1.2 million ounces and an Inferred resource of 231,000 ounces.
  • The project has well-maintained infrastructure, including an operational 28-person camp, an 1,100-meter airstrip, ice-free docking facility, and connection to the provincial electrical power grid.
  • Big Ridge Gold Corp. is an exploration and development company committed to developing advanced-stage mining projects using industry best practices combined with strong social license from local communities.
  • The company has a portfolio of assets, including the 100%-owned Hope Brook Gold Project, Oxford Gold Project in Manitoba, and the Destiny Gold Project in Quebec.

Statistics:

  • Previous production of 752,162 ounces of gold from 1987-1997.
  • Indicated gold resource: 16,190,000 tonnes grading 2.32 g/t Au for 1.2 million ounces.
  • Inferred gold resource: 2,215,000 tonnes grading 3.25 g/t Au for 231,000 ounces.
  • Project production highlighted a gold recovery rate ranging between a low of 78.8% in 1987 and a high of 85.9% in 1989.

Sources:

  • Big Ridge Gold Corp., (Newsfile Corp. - September 16, 2025) - www.newsfilecorp.com/release/266613
  • SGS Geological Services - www.sgs.com
  • Hope Brook Gold Project - www.bigridgegold.com

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