The Sand River/Leitch complex - produced more than 900,000 ounces of gold - from shallow depth - it will be richer the deeper we go
Like other Goldstone mines - in both Camps, it remains open at depth.
The Leitch Mine (now 100% owned by Goldstone) was one of Ontario’s highest grade and most profitable gold mines, producing 860,648 ounces from 906,395 tons of ore at an average recovered grade of 0.91 oz.Au/ton.
Even more impressively, the average recovered grade over the last ten years of the mine’s operation was 1.15 oz.Au/ton.
GOLDSTONE RESOURCES (TSE:GRC) Gold is coming very soon - - a golden opportunity -
Goldstone Chairman and CEO, Philip Cunningham;
A Uniquely Strong Gold Presence in Geraldton-Beardmore
Goldstone Resources Inc.
is a major force in gold exploration and development in
the Beardmore-Geraldton Gold Mine Camp in Northwestern Ontario,
combining significant historic and newly discovered resources
and exploration potential.
Goldstone benefits from extensive existing infrastructure
above and below ground including the upgraded, fully-permitted
Northern Empire Gold Mill -
Northern Empire Mill - a modern state of the art mill facility - has been designed for expansion to 500 TPD.
NI 43-101-compliant resource estimates for the Company’s Brookbank and Northern Empire Gold Mines properties contain a combined total of indicated and inferred resources in excess of 800,000 ounces of gold.
The ten formerly productive great Gold Mines on Goldstone Resources gold mines land — including The Leitch Gold Mine, at one time Canada’s richest — produced in excess of 4 million ounces of gold, all remain open at depth, and offer major untapped gold resources potential through extensions and parallel occurrences.
In addition to GRC ten gold mine resources and exploration targets on its 100% owned properties;
Goldstone holds a 30% carried interest in The Hardrock Gold Mines Project;
a joint venture with Premier Gold Mines Limited as operator.
Exciting discoveries have been made at the Hardrock, where eleven drill rigs are currently active.
Mineral resource highlights of the recent Hardrock Project NI 43-101 (based on a 0.6 g/t cut-off grade) include:
- Indicated open pit Gold Resources of 22.9 million tonnes at an average grade of 1.30 grams per tonne (g/t Au) (1.65 g/t Au uncut) hosting 955,000 ounces Au cut (1,215,000 ounces Au uncut).
- Inferred Resources of 16.1 million tonnes at an average grade of 1.25 g/t Au (2.39 g/t Au uncut) hosting 645,000 ounces Au cut (1,085,000 ounces Au uncut).
Goldstone is currently carrying out its 2010 exploration and drilling program on the Key Lake Gold mine project, Northern Empire Gold Mine project, and Leitch-Sand River Gold Mines properties.
In addition to extensive data evaluation and surface exploration across the area; The Company is drilling targets identified from a review of historic records and correlation of recent drilling with analysis of the 2009 aero-magnetic survey results.
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