RMK Gold Spot (FOREX:XAUUSDO)fiatz$1048.55/oz UP $1.27/oz :-)
Last trade 1048.55 Change +1.27 (+0.12%) Open 1047.28 Previous Close 1047.28 High 1051.98 Low 1043.55 Bid 1048.55 Ask 1049.75 2009-10-09 16:18:21, 0 min delay
Roxmark to reopen the Northern Empire Gold Mine - and Leitch/Sand River Gold Mines - Leitch Gold Mines - once Canada's Richest Gold Mine - and now 100% owned by Roxmark - to feed its fully permitted, upgraded mill -
Roxmark Mines Ltd..
History
The Northern Empire Mines -
was operated successfully by Newmont Mines, producing 149,053 ounces of gold from 425,866 tons with a recovery of 0.35 oz. in gold per ton.
It is serviced with a shaft to 2,460 feet with development above and below a major flat diabase sill. The mine ceased mining operations in 1942.
The Gold Mine itself has been re-evaluated for additional ore potential, in particular a parallel vein structure to the north of the mined Power Zone called the Contact Zone.
In the 1980's a 200 ton per day mill was built - on the property for the purpose of cutom milling old waste piles from the Leitch and Northern Empire Mines.
This mill is expandable to 500 tons per day - and has recently been upgraded for running - of varying base metal ores in addition - to the original gold.
The Northern Empire Gold Mine - Beardmore -
Owner: Roxmark Mines Ltd.
Commodity: Gold (Au)
Operation: 1934-1941
Ore mined: 425,866 tons
Gold produced: 149,053 oz (4225578 g*)
Recovered grade: 0.35 OPT** ( 12 g/t***)
Mine type: Underground Narrow vein Quartz
Mining method: Resuing
Status of modeling: In progress - near completion ( View data )
Status: Exploration for re-opening
* 1 Ounce = 28.3495 g ** OPT = Ounces per ton *** 1 OPT = 34.2818 g/t (g/t = grams per tonne)
The Northern Empire Mill -
Current operations:
2007 and 2008 saw extensive drilling which has identified more than 25000 ounces of gold (43-101 compliant) reserves with the new Contact Zone as well as un-mined areas of the Power Zone.
Currently, Roxmark is evaluating the economics of; Re-opening The Northern Empire Gold Mine - in the near future.
The Leitch Gold Mines -
(now on Roxmark land) was the # 1 of Ontario & Canada'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 Gold grade - over the last ten years of the mine’s Gold operation - was 1.15 oz.Au/ton.
The Leitch Mine was once Canada's richest.
The Sand River/Leitch complex - produced more than 900,000 ounces of gold.
Like other Roxmark mines in both Camps, it remains open at depth.
The Leitch Gold Mine -
Owner: Roxmark Mines Ltd.
Commodity: Gold (Au)
Operation: 1936-1968
Ore mined: 920,745 tons
Gold produced: 847,690 oz. (24031588g*)
Recovered grade: 0.92 OPT** (31.5g/t***)
Mine type: Underground Narrow vein Quartz
Mining method: Resuing
Status of modeling: Exploration for re-opening
* 1 Ounce = 28.3495 g ** OPT = Ounces per tonne *** 1 OPT = 34.2818 g/t (g/t = grams per tonne)
History:
A past gold producer within the Eva Township, The Leitch Gold Mine property was first staked in 1901.
Exploration for iron was conducted on its claims by a number of companies between 1910 to 1923.
Finally, in 1934, R. and J. Cryderman prospected the strike - extension of the Sand River Mine's No.1 vein - which lead to the discovery of the Leitch's No.1 vein.
The Leitch Gold Mines - became one of the richest gold producers in Canada, operating continuously from 1937 to 1965, processing a total of 861,982 ounces of gold at an average grade of 0.92 ounces per tonne of ore milled.
Portions of the Leitch dump continuted to be milled throughout the 1980's.
The Leitch Gold Mines - was serviced by a three-compartment shaft to 3,006 feet, with a winze from the 19th or 2,875-foot level to the 30th level.
Current operations:
In 2003, Roxmark acquired from Teck Cominco Limited an approximate 63% interest in the Leitch property, consisting of 10 patented claims covering 1,276 acres in Eva and Summers Townships.
The property is governed by a Joint Venture agreement dated June 30, 1987 between Teck and San Paulo Exploration Inc., now AdvanteXCEL.com Communications Corp., as amended April 30, 1990 and October 30, 1990. The other Joint Venture party holds the balance of approximately 37%. Roxmark is the operator.
Furthermore in 2003, Roxmark acquired from Kinross Mines a 55.25% interest in the East Leitch Property - covering 20 claims held under a 21-year lease on 832 acres in Summers Township.
The property is governed by a Joint Venture Agreement dated September 1987 between Falconbridge Limited (now Kinross) and Minerals Anodor Inc. (now Afri-Can Marine Mineral Corporation).
In January 2005, Roxmark acquired the remaining 29.75% interest from African Marine.
In 2009, Roxmark acquired the remaining 27% interest in The Leitch Gold Mine property.
Roxmark Mines Limited now owns 100% interest.
Sand River Mine
Owner: Roxmark Mines Ltd.
Commodity: Gold (Au)
Operation: 1937-1942
Ore mined: 157,870 tons
Gold produced: 50,065 oz. (1419318g*)
Recovered grade: Au 0.32 OPT** (11g/t***)
Mine type: Underground Narrow vein Quartz
Mining method:
Status of modeling: Exploration for re-opening
* 1 Ounce = 28.3495 g ** OPT = Ounces per ton *** 1 OPT = 34.2818 g/t (g/t = grams per tonne)
History:
The Sand River Gold Mine - was discovered by Russell Cryderman in 1934.
It was located just south of The Leitch Gold Mine in Eva Township.
The vein system was extended to the northeast onto The Leitch Gold Mine property in 1935.
Servicing was done by a three-compartment shaft to 2,656' depth.
This past producer operated from 1937 to 1942 and produced 50,065 ounces of gold and 3,628 ounces of silver.
Sand River Resources - processed 157,870 tons with a recovery grade of 0.32 oz. of gold per tonne of ore milled.
Current operations
In 2000, Roxmark acquired a 100% interest from Rio Fortuna Exploration Corp. in the Sand River Gold Mine Property, 37 contiguous mining leases covering 1,692 acres in Eva Township.
Roxmark, is a Canadian-based junior integrated Gold - Silver & Moly mining company involved in exploration and development of Gold, Silver and Molybdenum properties in the Geraldton-Beardmore area of Northern Ontario, Canada -
Roxmark’s 12 mining properties: total nearly 400 claims and leases.
They include an important new high grade - Gold & Molybdenum project on which underground development and mining of Moly was Re-Commissioned - before the end of 2006 —
Roxmark's well, next on the agenda; will reactivate six formerly producing Gold mines which generated nearly two million ounces of Gold.
Existing infrastructure, including a recently upgraded on-site Gold and Molybdenum mill, will provide important advantages in developing parallel Gold structures in 2007 and beyond.
Management is also optimistic about the potential for new Gold discoveries at current and greater depths.
Philip F. Cunningham has been a director of the company since August 2004 and Chairman since May 2005 and the major shareholder of Roxmark - Mr. Cunningham was formerly executive vice president of Mackenzie Financial Corporation and Chairman of Mackenzie Financial Services Inc.
ROXMARK Video presentation by chairman Philip F. Cunningham - has been a director of the company since August 2004 - and Chairman since May 2005. Mr. Cunningham is executive vice president of Mackenzie Financial Corporation and chairman of Mackenzie Financial Services Inc. He joined the Mackenzie organization in 1982 -
Mackenzie - offers more than 100 investment funds in Canada and the United States - Mackenzie - manages more than $45 billion - for over 1,000,000 investors and their financial advisors... as major shareholder for Roxmark Mines Limited -
Chairman Philip F. Cunningham - has bought more and more shares of Roxmark -
Roxmark plans to reopen the Northern Empire Gold Mine - and Leitch/Sand River Gold Mines - Leitch Gold Mines - once Canada's richest and now 100% owned by RMK to feed its fully permitted, upgraded mill
In addition, the Company will continue to delineate gold resources at other Company-owned properties, both unilaterally and through joint ventures like The Hardrock Project where Premier Gold is enjoying great success as operator 2009 priorities include drilling the rich new structures just identified at the Northern Empire Mine
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