TSXV:MAE - Post Discussion
Post by
nozzpack on Jan 03, 2024 2:22pm
Gold beneath All of the Point Rousse open pits
Open pit gold mining has low cash costs compared to Underground mining.
But gold mineralization continues beyond these open pit design as these orogenic gold lodes can continue often at higher grades down to 1 km or more.
A good example in reverse is the HammerDown mine which was initially an Underground mine at grades averaging 16 grams per ton.
MAE is resume mining of HD via an open pit at grades averaging just under 5 grams per ton
The Pine Cove open pit produced 120,000 ounces from its open pit but the few holes drilled deeper showed that the Pine Cove mineralization continued below the open pit at grades in excess of 5 grams per ton.
But, I cannot find any deep drill results any where else of the 6-7 open pit mines within the Point Rousse project , even though it's highly likely that at some point , underground mining will be possible for most of these pits.
Its possible that MAE will drill a few deeper holes in one or more of these pits in 2024..
Be the first to comment on this post