Alder Resources Ltd. has acquired the right to earn 65% interest in the past producing Rosita copper-gold-silver project in northeast Nicaragua, an area that is getting hotter and hotter as both IAMGold and B2Gold are present in the absolute proximity. With a Mcap of ~3 Mcad and only ~$0.6m left to spend before having earned its 65% interest, Alder Resources are soon in the driver’s seat.
Gecko Research were today able to talk to Don Dudek, CEO and Chairman of Alder, to get an update of the company’s work and near term plans. Don explained how it’s possible to start producing $16 Million worth of gold (+ copper and silver) by leaching old tailings, and this would only require an investment of ~1 Musd. The permitting and plant construction would in best case take around six months.
Link to Alder’s latest presentation: http://www.alderltd.ca/files/doc_presentations/2014/2014-06-09-Alder_Presentation.pdf (June 10th)