Agnico Eagle - Goldex Mine
posted on
Oct 28, 2010 10:08PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Aha, found it. I may be way off on the disparity of grades I mentioned. I see the bulk sample gave a 10% higher grade...not double. Perhaps I'll look into. I am feeling like posting first, fact checking later. :)
According to Hoov and Yukon Cornelius who is about as good as anyone is going to get at sourcing research documents, the only papers that are written in regards to hydraulic fracturing is in Russian.
From Sasha....
Geology: http://www.agnico-eagle.com/English/Our-Business/Operating-Mines/goldexmine/Geology--Mineralization/default.aspx The sequence of intermediate to mafic and ultramafic volcanic rocks dip steeply to the northeast. They are intruded by a large table-shaped quartz-diorite body Mining and Processing: http://www.agnico-eagle.com/English/Our-Business/Operating-Mines/goldexmine/Mining--Processing/default.aspx Goldex processing facilities include grinding, a gravity circuit to recover coarse goldThe Goldex deposit bears some striking parallels to the geology at Timmins only it is a lot deeper. Go see for yourself
Comprehensive video: http://www.youtube.com/watch?v=bR1fJBYcKco&feature=youtube_gdata
History: http://www.agnico-eagle.com/English/Our-Business/Operating-Mines/goldexmine/Overview/default.aspx#h
2004 – Based on a new reserve and resource estimate for GEZ and a revised feasibility study, Agnico-Eagle undertakes a $4.7-million underground bulk-sampling program. The bulk sample returns a grade about 10% higher than the earlier grade.
2005 – A new reserve and resource estimate is completed for the GEZ which, coupled with a revised feasibility study, leads to a probable reserve estimate of 1.6 million ounces of gold contained in 20.1 million tonnes of ore grading 2.54 grams per tonne gold. Agnico-Eagle approves construction of the Goldex mine.
Sasha Asgary
514.347.1329
I then asked which deposit was deeper, Timmins or Goldex and this was his response.