Home > Boards > US OTC > Mining/Resources > NORTHGATE MINERALS CORP (NGX:TSX) (TSX:NGX)

Kemess North - NXG They are looking to

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
NYBob Member Profile
Member Level 
Followed By 836
Posts 73,643
Boards Moderated 65
Alias Born 11/22/03
160x600 placeholder
NYBob Member Level  Friday, 01/28/11 09:15:14 PM
Re: mick post# 488
Post # of 540 
Kemess North - NXG They are looking to turn it into an underground block cave operation.
They will just start to mine the high grade section.
It will only be 40% of the original planned Kemess North mine,
but 40% is better than 0%.


Northgate is modeling a block cave operation with 1.4 million oz
of gold and 500 million pounds of copper.
Using the 12 year mine life they had for the open pit, that
translates into about 120,000 oz gold and 40 million pounds
of copper production per year from this underground mine.
They can also use the existing mill at Kemess South, so not only
does that save them money but it also speeds up the development time.

In order to develop a more detailed block caving model, Northgate
is going to have to do additional resource definition drilling
to enable a greater degree of confidence in the potential of
the high-grade resource. An exploration budget of $3 million
has been approved and diamond drilling is scheduled to
commence 2010 summer....







http://www.northgateminerals.com/OperationsProjects/canadian-operations/kemess-underground/current-operations/default.aspx

Successful Drill Program in 2010



http://www.northgateminerals.com/OperationsProjects/canadian-operations/kemess-underground/Kemess-North-Resources/default.aspx


My opinions are my own and and DD I post should be confirmed as unbiased
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist