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Positive PEA for Brio Gold

Brio Gold (CN:BRIO) has completed the preliminary economic assessment of the proposed underground mine at its flagship Santa Luz gold project in Brazil, with the positive results leading onto a prefeasibility study.

Positive PEA for Brio Gold Positive PEA for Brio Gold Positive PEA for Brio Gold Positive PEA for Brio Gold Positive PEA for Brio Gold

It's looking likely Brio will add an underground section to the Santa Luz project

The post-tax net present value of the C1 underground operation came out at US$103 million (5% discount rate) on a standalone basis and adds nearly 50% more value to the overall Santa Luz project.