For over two decades, the innovative technology suite has been in use at several NGM sites, including Cortez, Goldstrike and Leeville.

Sitka plans to drill 10,000 metres at RC this year to expand the resource.

The project is given an after-tax net present value of C$721 million and an internal rate of return of 18%.

Gold has shed about 2.2% this month – set for a second consecutive monthly fall if losses hold.

Pre-feasibility study revealed a Maiden Mineral Reserve Estimate of 1.87 million ounces of gold.

The Diplomat zone was also drilled, and it intersected the strike extension of the Imperial zone.

India meets more than 90% of its gold demand through imports.