Springpole gold/silver project, Canada
Name and Location
Springpole gold/silver project, Ontario, Canada.
Client
Gold Canyon Resources.
Project Description
The Springpole project has indicated resources of 128.2-million tonnes, grading 1.07 g/t of gold and 5.7 g/t of silver. Inferred resources are estimated at 25.7-million tonnes, grading 0.83 g/t of gold and 3.2 g/t of silver.
The preliminary economic assessment on the project proposes the development of a low-grade, greenfield gold and silver bulk tonnage deposit using openpit mining and conventional milling methods.
The production rate is estimated at 20 000 t/d, with a total of 72.4-million tonnes of mineralised material mined and processed during the project life.
The overall strip ratio (the ratio of waste rock to economic mineralised rock) of the mine is estimated at 1:7 and the average grade of the plant feed is estimated at 1.2 g/t of gold and 6.0 g/t of silver.
Value
$544-million.
Duration
A timeframe has not been confirmed.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Gold Canyon Resources VP: corporate communications Richard Moritz,
tel + 1 604 682 3234, fax +1 604 682 0537 or email info@goldcanyon.ca or rmoritz@goldcanyon.ca.
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