The mine life is 21 years with average head grades of 6.05% zinc, 18.3 g/t (grams per ton
) silver, 67.1 g/t indium, and 0.25% lead.
Golden Loon is just north of Newmont Goldcorp's Sidace Lake project, which boasts a mineral resource of nearly 219,000 ounces at 3.2 grams per ton
A geological survey of Canada 1992 structural study shows the Silver Star property is located within bounding NW-SE regional fault structures that extend south from the Equity Silver Mine, where historic production of 33.8m tons grading 0.4 per cent copper, 64.9 grams per ton
silver and 0.46 gram per ton gold was recorded between 1990 and 1994.
The End Zone hosts high grade zinc-lead-silver mineralisation and last year drilling hit high grades, which included 4.78% zinc, 10.17% lead, 87g/t (grams per ton
) silver over 11.08m.
Of the 75 rock chip samples collected at Kitano-o, 16 returned assay results that graded higher than 2.5 grams per ton
. Grades of up to 89.6 grams per ton
silver were also reported.
Antimony supplier United States Antimony (NYSE MKT:UAMY) disclosed on Tuesday a major processing agreement for the sale of 200 metric tons per month of 60% antimony concentrates containing about 20 grams per ton
(0.64 ounces) of gold to Hillgrove Mines Pty Ltd of Armidale, New South Wales, Australia.
Probable reserves are 200,000 tons containing gold and silver of 5.8 and 2.64 grams per ton
, respectively, based on a United Nations funded study.
The company produced 60,425 ounces of gold, mined 1.51M tons, or Mt, of ore and processed 1.22Mt of ore with an average gold grade of 1.6 grams per ton
. Gold production for the quarter was 60,425 ounces with gold sales of 53,421 ounces at an average realized price of $1,311 per ounce, generating gold sales revenue of $69M for the JV.
The new drill program will focus on the Kitano-o prospect, a large swath of land that houses six historic gold mines which produced over 96,000 ounces of gold averaging a grade of 5.9 grams per ton
The company has defined a combined total of 34,395 tons at 60.06 grams per ton
gold and 1,933.07 g/t silver for 106,393 ounces of gold equivalent.
The average results of all samples yield 2.13 grams per ton
of Au and 126 grams per ton
Orosur Mining Incorporated (Orosur Mining) (LSE: OMI), a South America-based gold producing and exploration company, has encountered total measured and indicated resources of 47,093,000 tons at a grade of 0.69 grams per ton
or g/t gold, for 1,049,071 ounces of gold at the first NI 43-101-compliant resource for the Pantanillo Norte deposit in Chile.