TSXV:NQ - Post Discussion
Post by
aweigh on Oct 03, 2012 12:33am
A little info on " banded iron formations "
This may be applicable to Bazooka and other targets on our claims as pointed out by HTJ and Billminer.
From the Norther Miner
Banded iron formation-hosted gold deposits are important in terms of Canadian and U.S. gold production, as illustrated by mines such as the Lupin and Musselwhite in Canada and the Homestake in South Dakota. In general, gold deposits in banded iron formations (BIFs) contain from 0.1 to 100 million tonnes of ore grading between 4 and 30 grams gold per tonne. The Homestake mine, a world-class example of this deposit type, has produced over 1,180 tonnes of gold from 118 million tonnes of ore since operations began in 1876; remaining reserves at the end of 1996 were over 21.5 million tonnes of ore grading 6.72 grams gold. Lupin has over 9 million tonnes of ore grading 10 to 11 grams gold. The gold is relatively pure, with moderate to low silver content of generally less than 6 grams. The gold ore is mined in a similar manner to that of mesothermal lode gold deposits, with emphasis on veins or sulphide-rich portions of the BIFs.
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