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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Vertical attack on ore veins v conventional open pit
View:
Post by JRafflesUK on Jul 01, 2022 3:30pm

Vertical attack on ore veins v conventional open pit

Vertical attack on high grade vertical ore veins v conventional open pit mining

https://www.engineerlive.com/content/vertical-attack

Cutter For Gold Vein Mining
Gold veins, be it vertical or near-vertical, often constitute a challenge to miners. The small size of the ore body over great length and only little exposure to surface makes it difficult to mine economically. Open-pit mining of such ore bodies often comes to an end soon, due to the high stripping ratio and the enormous environmental impact.
Underground mining is expensive for the development and for mining due to the tight working conditions in the fissures. A combination of both – cutter mining to about 250m depth and underground mining below cutter mining – reduces development time and cost considerably and generates revenues at a very early stage of a new mining project.
Koidu, a BGS company, holds diamond mining leases in Sierra Leone for kimberlites, mostly kimberlite dykes. Jointly, the idea was conceived to use trench cutter equipment as a mining tool to excavate these dykes to greater depth. Despite the remote location of the leases in eastern Sierra Leone a test was carried out with a BC 33 cutter in 2010. The cutter width chosen was 800mm, based on Koidu’s assumption of a dyke width between 800 and 1,000mm.
A Sustainable And Selective Mining System
The selective cutter mining system for gold veins will concentrate on the excavation of the vertical or near-vertical ore body only.
There are several key advantages of such a system, including the fact that mining of so far uneconomic small ore bodies and veins becomes viable. This approach allows operators to avoid open pit mining with a large environmental footprint and mine dumps and it doesn’t require any underground development – meaning there is a much lower installation cost. Minimum dilution of ore (almost zero strip ratio) is another advantage.
Additional benefits include increasing the mine lifespan after open pit mining ends without increasing the environmental footprint as well as increasing the mine life without any additional infrastructure. Finally, time to mine is extremely short and equipment can be used on several ore bodies or even mine sites.
Mining has always been at the centre of various interests. Economic viability, environmental impact and social acceptance are key factors that must be balanced to achieve a sustainable mining solution.
Cutter vein mining with its no, or very low, additional environmental impact and optimised economics by mining the ore body only, can achieve a much better acceptance from the authorities, and the public, than conventional mining. Cutter mining systems help to satisfy the demand for the much-needed commodities in our modern society that are increasingly focused on sustainability.
Comment by rgvgolf on Jul 02, 2022 8:01am
Good info for the uninformed. IE Cutter mining.  Thanks for sharing JF  RGV
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