Albright Metals (ASX:ABR) has appointed Perth-based mining consultancy Orelogy to undertake a Scoping Study on the Vail Road gold deposit at its Golden Pike Gold and Antimony Project in New Brunswick, Canada.
The study follows the company’s updated mineral resource estimate (MRE) of 188,000 tonnes @ 9 grams per tonne gold (Au), including 33,500 tonnes @ 20.9g/t Au in the indicated category.
CEO Greg Hill says the Scoping Study is a step toward securing project funding.
“The Vail Road gold deposit is a high-grade gold development opportunity. […] We are looking forward to working with the team at Orelogy,” Hill remarks.
Albright plans to develop Vail Road to produce a saleable gold-bearing material requiring minimal on-site processing. The Scoping Study will assess the technical and economic feasibility of this direct-ship approach.
Orelogy will identify an appropriate mining method, optimise potentially mineable inventory, and develop a preliminary production schedule. It will also prepare a conceptual underground mine design and assess mine infrastructure requirements.
Additional work includes evaluating product logistics and processability, developing scoping-level capital and operating cost estimates, and conducting an economic evaluation of the preferred mine development plan.
Orelogy will also prepare conceptual site and closure plans to inform environmental studies.
The MRE will underpin the study, which will deliver a technical report setting out key findings and an economic assessment of the direct-ship approach.
The Golden Pike Project covers about 3,292 hectares of contiguous mining claims in southern New Brunswick, close to road, rail, port, and grid power infrastructure.
The province’s maritime climate allows year-round exploration, and New Brunswick has a mature mining services industry with historical antimony and gold production.
Albright expects to complete the Scoping Study in Q1 2027.
Albright Metals is an Australian explorer advancing gold, antimony, and manganese projects across Canada and Western Australia.
Write to JC Villarba at Mining.com.au
Images: Albright Metals
