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By M. C. Williams

As the flaws in the population balance model (PBM) comminution model are examined more deeply, further errors and problems were discovered. The Levenberg-Marquardt algorithm for systems of constrained non-linear equations was used to solve the dynamic PBM grinding equations to obtain the grinding selection and breakage rate functions. The fact that the PBM model equation Inverse Problem is degenerate or underspecified is demonstrated. Multiple solutions to the same PBM equations are provided. It is shown that there is no unique solution to the Inverse Problem unless additional constraints are provided or assumptions are made such as the Arbiter-Bhrany normalization assumption. The severity of the non-uniqueness problem for dynamic grinding is demonstrated. Each solution to a dynamic PBM, while giving the same prediction for a given grinding time interval, gives different solutions or predictions for mill composition for other grinding times. Actual experimental grinding data was assessed to determine the functionality of mill selection and breakage functions.

Jan 1, 1993

By Peter L. Dunn

With the advent of new high-strength magnetic materials, rare-earth magnetic separators have become more common place for processing heavy mineral sands. In many instances, rare-earth magnets have replaced conventional separators such as electromagnetic cross-belt and induced-roll type machines. This paper will present the results from a detailed test program developed to evaluate the performance of rare-earth drum and roll separators for processing heavy mineral sands. The effect of machine design parameters, such as magnetic element configuration and separator diameter, will be reviewed in light of these test results. The impact of basic operating parameters (i.e. feed rate and roll speed) on separation efficiency will also be presented.

Jan 1, 1999

By DEBASHISH MISHRA, SOMU MANDAL, ASFAR MOBIN KHAN, JAI KRISHNA PANDEY, NIROJ KUMAR MOHALIK, SANTOSH KUMAR RAY

Coal is a low-cost fuel with high calorific value. Statistically, the global coal mining industry suffered 12,489 fatalities in 104 reported mining accidents from coal dust explosions during 1900 to 2020. This review article discusses the occurrence, mechanism and explosibility parameters of coal dust explosions and presents a literature survey of the laboratory and computational fluid dynamics (CFD) simulation methods of studying them, as well as a comparison of the two methods.

Feb 1, 2023

By Davar Abi-Zadeh, Cillian Brown, Deepak Kandra

"Grout backfill strategy for a particular subsurface concrete tunnel (~4.9km long, 3.5m in diameter, carrying 20” gas pipeline) was based on achieving 1:100 slope of the fill in order to progressively fill the tunnel, in a series of 350m section. Grout rheology, particularly its non-Newtonian and thixotropic behavior, determines the final fill slope for given backfill strategy. The objective of this study was to simulate the two-phase grout mix backfill process using Computational Fluid Dynamics (CFD) and determine the slope of the fill to validate and optimize the backfill strategy. Three dimensional CFD study showed that for a 500m long tunnel section with a single injection point of grout, given its rheology, it will likely keep flowing without filling the 500m section height wise. Design optimization for filling was carried out using two dimensional studies to make the backfill process “slope independent” by incorporating a 2.5m high bulkhead at ~1,000m. INTRODUCTION As part of a gas field development a 20” onshore gas pipeline is required from the landfall site to the processing terminal some 8km inland. At the landfall site the gas pipeline is routed in a ~5km underground tunnel underneath a bay. For operational reasons and planning consents as well as to mitigate environmental impact based on an environmental impact study, once the gas pipeline and the associated services and spares have been installed, the subsurface gas tunnel will be fully grouted. There will be no permanent access to the tunnel after construction is completed and the site compounds have been reinstated once works are complete. One of the key requirements is that “full grouting of the tunnel” is desired. The grouting material used is a non-Newtonian and thixotropic fluid mixture of bentonite, cement, plasticizer, retarder/stabilizer and water. The tunnel is filled progressively in 350m sections using a combination of existing and new pipework assuming the grout rheology will yield a fill slope of 1:100 in a 350m section. The proposed grouting system used one pump at the grouting compound to pump the grout into the tunnel using the existing tunneling pipework. For the longer runs a second booster pump was used in series to pump the grout to its final discharge location. The filling process is controlled via a system of flow meters, pressure transmitters and a tunnel CCTV system."

Jan 1, 2016

By Nicole R. Henderson

Many mining engineering graduates enter the mining industry lacking training in mine emergency management. As a result, mining universities in the United Sates and other countries are beginning to form volunteer student mine rescue teams to train mining engineering students in handling mine emergency situations and give them hands-on experience managing potential emergency scenarios underground. In the early 1980s, the Missouri University of Science and Technology developed the first collegiate mine rescue team in the United States. For approximately 30 years, it was the only successful collegiate team until the Colorado School of Mines (CSM) started its program in 2009. Currently, there are at least five collegiate teams in the United States and one in Canada. At the Freiberg University of Mining and Technology in Germany, the goal is to adapt the Colorado School of Mines Mine Rescue Program to develop a collegiate team of its own. Currently, mining engineering students cover the theoretical basics of mine rescue in an occupational health and safety lecture and take a basic, one-day mine rescue training course at the Central Mine Rescue Station in Leipzig. The course covers the basic mine rescue topics and gives students the opportunity to experience working in elevated heat and smoke conditions while wearing breathing apparatus. This training gives students a small insight into the importance of mine rescue and mine emergency management. Collegiate mine rescue teaches students the importance of mine rescue and mine safety by giving them hands-on learning experiences before entering the mining industry.

Feb 1, 2014

By J. J. Zaluski

The Surface Mining control and Reclamation Act (public Law 95-87) (here-inafter the "Act" or "SMCRA") passed by congress in August of 1977 represents a comprehensive federal scheme for controlling surface coal mining and the surface effects of underground mining through permitting requirements, performance guidelines, and reclamation planning. While the provisions of the Act have been the subject of numerous legal challenges and court battles over the years, it is difficult to identify a more controversial program within the Act than the provisions for designating lands as unsuitable for surface coal mining operations. The lands unsuitable designation process provides for the acceptance and review of petitions submitted by citizens or organizations seeking to have specified land areas designated unsuitable for all or certain types of surface coal mining activities. In filing these petitions, the interested parties or petitioners are required to make allegations about potential adverse impacts on people or the environment and submit evidence supporting their allegations.

Jan 1, 1992

By P. Zhang

Phosphate mining in Florida generates approximately 100,000 tons/day of phosphatic clays (slime). This waste slime not only creates one of the most difficult disposal problems in the mining industry, but also causes tremendous loss of P2O5. About 20-30% of the phosphate mined end up in phosphatic clays. Recovering the phosphate from this waste is difficult for two main reasons: 1) the slime is extremely fine in size, and 2) clay minerals account for almost half of the material. A half dozen dispersants were evaluated for keeping the clay minerals suspended for subsequent separation from non-clay minerals by either settling or cycloning. The separation efficiency and economics are discussed.

Jan 1, 1998

By J. Bilant, J. Donnelly

"A spatially-discretized heap leach simulation model was developed within the GoldSimTM modeling framework for the Coeur Rochester Mine, Nevada. The model is being evaluated by Rochester as a means of improving forecasting of silver and gold production on an actively loaded valley fill heap leach facility. Optimization of future heap leach operations and crusher product size is also being evaluated with this software. Simulation modeling incorporates metallurgical data such as mine planning, particle size distribution of placed ore, stacking plans, pad geometry, and leaching dynamics. The heap leach model is represented as a discretized matrix with lifts providing vertical separation to form 19,840 spatially discrete cells. Each cell is quantified with regard to ore properties and metal content. The model tracks solution and cyanide-complexed silver and gold within each cell as a function of time based on pad operations, unsaturated flow properties, and kinetic rates. Practical heap leach management and daily operation will be discussed as it relates to the simulation and forecasting model. INTRODUCTION The Rochester mine, and associated valley fill heap leach facilities, is an open-pit silver and gold mine located in Pershing County, Nevada. In 2015 Rochester produced approximately 4.6M troy oz silver (Ag) and 52K troy oz gold (Au) through combined cyanide heap leaching of the Stage II, III and IV heap leach pads with recovery via a Merrill Crowe process plant. Rochester is actively stacking and leaching ore on the Stage III Heap Leach Pad. The Stage III pad contains approximately 70M tons of ore in a valley fill configuration and is forecasted to receive an additional 20M tons of ore by the life-of-pad in 2019. The ultimate height of the pad is permitted to be 400 ft above the liner and solution collection system. Approximately 80 percent of the ore loaded on the Stage III pad is produced from tertiary crushing split from two crushing circuits that produce a nominal 80 percent passing 3/8” product. The remaining material consists of run-of-mine (ROM) from off loads of re-mined waste rock stockpiles. Metallurgical testing of the ore indicates low variability in geologic properties and high variability of both Ag and Au extraction rates for the various particle size distributions. Historically the valley fill configuration provided metal forecasting challenges that could not be predicted as the leach pads grew. Forecasting metal production and leach optimization of the Stage III pad became challenging due to the extreme variation in heap leach pad depth, application of available barren leach solution and the variability of Ag and Au extraction rates for the various ore particle size distributions. To assist with understanding and optimizing metal production forecasting with these factors for the Stage III pad, Hatch developed a spatially-discretized heap leach simulation model using GoldsimTM dynamic simulation software. The model incorporates metallurgical data such as mine planning (tonnages and grade), particle size distribution, ore crushing, ore stacking plan, pad geometry, and both leaching dynamics and kinetics to forecast metal production from a consolidated mine plan."

Jan 1, 2017

By Felipe Calizaya, Sekhar Bhattacharyya

Noise-induced hearing loss (NIHL) is prevalent in mechanized underground mines. Federal regulations are often not complied with effectively. Miners are also prone to ignoring administrative guidelines and/or personal protective equipment for hearing conservation. As a result, quality of life among experienced miners plummets while occupational risks increase at workplaces. This research focused on auxiliary fans used in underground mines. These fans work at high rotational speed and generate extremely high levels of noise in close proximity to miners. Silencers used are often of little effect due to poor maintenance. A new silencer is tried in the laboratory with the objective of easy maintenance and resulting reduction of noise exposure for miners.

By G. Chancellor

"INTRODUCTION The paste plant is located at the Barrick Goldstrike mine in Northern Nevada on the Carlin Trend. The Goldstrike property consists of an open pit and an underground mine; along with two processing facilities: a roaster and an autoclave. The underground portion of the mine produces approximately 1,800,000 ore tons per year and approximately 400,000 ounces. The mine is broken up into four distinct zones: Banshee, Meikle, Rodeo and Northpost. The current paste plant services both the Rodeo and Northpost zones. Development of the conceptual designs and permit approval for this plant was an extensive process that took over a decade to complete. A testing program was developed in conjunction with this process and implemented throughout to ensure the following metrics were achieved: ensure no environmental impact, material available onsite would be able to flow through the pipe to all required locations, and that this material could achieve the appropriate final strength. PLANT AND UNDERGROUND CONSTRUCTION This is the first paste plant to be built in Nevada. The paste plant at Goldstrike began construction in January 2012 and was completed in March of 2013. This plant was constructed to service the Rodeo side of the underground mine which previously utilized a cemented rock fill (CFR) plant to meet their backfill needs. However, in March of 2013, the same month the plant was commissioned, the raise that fed this CRF plant was mined out in a planned phase of the adjacent open pit. This made the switch to paste all the more difficult as it was being relied on for as the sole source of backfill production even though the system yet to be fully tested and optimized. The plant was designed to be fed with onsite Roaster tailing which would be thickened and then mixed with cement and fly ash. The plant was designed to pump 177 tons of paste per hour with a utilization of 65%. The original design specifications for the paste were 77% solids with varying binder contents depending on where the paste was being placed"

Jan 1, 2015

By J. A. Zimmer, M. S. Hillis, D. Moredock, J. A. Organiscak, A. B. Cecala

Enclosed cabs have been used on surface mining equipment for many years to protect equipment operators from health and safety hazards. The surface mining and quarrying process is a highly mechanized process that generates large quantities of respirable dust. Due to economic factors, more older mining equipment is being used today than in years past. With this older equipment, it is common to observe deterioration of many components on the enclosed cabs, which greatly reduce their protection effectiveness. NIOSH has performed a number of different field studies, as well as a comprehensive laboratory study, evaluating various factors and parameters regarding enclosed cabs. NIOSH has recently completed a cooperative research effort to evaluate the effectiveness of a newly designed unidirectional powered precleaner, filter and pressurizer that brings clean filtered air in at the roof of the cab and extracts all recirculated air near the floor. This research effort provided another example of the enhancement in air quality that can be achieved in an enclosed cab from the implementation of an improved filtration system and by establishing positive pressurization from increased intake air volume and sealing the cab. This testing showed a significant reduction in respirable dust levels in the enclosed cab when comparing baseline versus post-testing results. Since dust levels were similar near the roof and floor of the cab during post-testing, the unidirectional flow pattern did not appear to significantly improve the performance over the conventional design in this study.

Jan 1, 2009

By P. Somasundaran, S. Venkatachalam, N. K. Khosla, K. Khosla

Froth flotation of alumina particles was studied by employing and hydrogen gas bubbles. The effect of current density was studied over a range of 0.1 to1.6 kA/m2. Compared to hydrogen, the use of oxygen bubbles at any given gas evolution rate resulted in a higher flotation recovery. The existence of an optimum current density, for each given particle size was indicated. Flotation at higher current densities resulted in better flotation kinetics, while flotation at lower current densities resulted in better Spas utilization.

Jan 1, 1996

By Ankit Jha, Javad Sattarvand, Aaron Young

Blockchain technology is one of the prominent disruptive technologies that are being implemented in several disciplines. The application of blockchains in the mining and mineral industry can provide utility to several processes especially when the industry is undertaking digital transformation. The governing principles of blockchain technology are applicable in undertaking transformation in several processes within the mining industry. This study investigates the applications of blockchain technology within the realms of the mining industry and identifies key areas of implementation. A systematic review of publications on academic platforms relating to blockchain technology in the mining industry did not retrieve a considerable number of articles. Consequently, a thorough review of white papers and articles authored by individuals on use cases within the mining industry is compiled and presented in this review article. This review article identifies all the potential areas within the mining industry where blockchains could provide value and improve processes through their implementation. The broad area of implementation of blockchains includes supply chain, traceability in spares parts, contract management, regulatory compliance and cybersecurity.

Mar 1, 2024

By Dan Nilsson

INTRODUCTION A company must have an objective, and that usually is to earn money. In some countries an objective can also be to reduce unemployment in an area or to develop nonindustrialized areas. Government-owned companies can also have as an objective that of serving the com¬munity. This discussion is limited to the consideration of normal companies wanting to earn money. Such an objective, however, has to be defined in more detail. It is not satisfactory only to maximize the total annual profit from, for example, a mining project. In comparison with most other branches, the mining in¬dustry is very capital intensive. When starting a new project, the mining company must invest a lot of money in mines, ore treatment plants, etc. It is normally many years before any income is received from the ore. Fig. 14 illustrates the payments for a new mining proj¬ect with an expected lifetime of 10 years. Whether this project is a profitable one depends on a lot of things. If the company has a shortage of money, it can be impossible to finance the project. Even if the company has enough money, the management may think that perhaps the project may not return the money fast enough. Such limitations will not be discussed here. Suppose that the company has internal funds from its own operation or can borrow them. Since the mining company must invest the money in advance, it is not satisfactory only to add all of the costs during the mine's lifetime and compare them with the total income during the lifetime. The company must include the time value of the capital. In this appendix, the basic investment theory neces¬sary to judge the profitability and costs of mining proj¬ects will be discussed. INVESTMENT THEORY Time Value of Money If a private person has a dollar and puts it into a bank, he or she will receive interest. If the interest rate is r%, the value after one year will be $(1 + r), after 2 years $(I + r)2 , etc. The interest rate represents the time value of money. If the same person wants to have $1 in the bank af¬ter one year, he or she has to put $(1 + r)-1 in the bank today. If the person wants $1 after 2 years, it is neces¬sary to put $(1 + r)-2 into the bank today, etc. So one dollar today is worth more than one dollar tomorrow. It is, of course, not correct to compare money at differ¬ent times since each dollar has a different value. It is necessary to transform all payments to the same point in time. That is called the calculation of the capital value of a cash flow, and to do this an interest rate is used. In the same way, the cash flow from a project like that shown in Fig. 14 can be translated to any other point in time. Most common is to translate all payments to the beginning of the mining period. That capital value is often called the present capital value. Interest Rate What interest rate will the company use? A com¬pany, just like an individual, has the basic alternatives of keeping its money in the bank and receiving interest, or borrowing money from a bank and paying an interest rate. The interest rate represents the time value of money for the company. If the company has a shortage of money, or many good potential investment projects, it has to use a higher interest rate than if it has a lot of money available. Most companies also increase their interest rate as a hedge against the risk involved by using money for uncertain investments, because of taxes, etc. Capital Value When the interest rate has been decided, it is possi¬ble to estimate the capital value of a project. Here the discussion will be limited to the estimation of present capital values. Suppose that one wants to know the present capital value of $1 (Fig. 15), which will be received after n years. To transform it n years back in time, one must multiply it by the factor (1 + r)-, where r is the inter¬est rate the company uses. Table 1 gives these factors for different years and interest rates. Example: At the end of year 5 a mining company has to invest $50 million in a new mine. What is the present capital value at the end of year 0? The company uses an interest rate of 15%a.

Jan 1, 1982

By J. A. Dos Santos

"INTRODUCTION Dramatic reduction in energy use and environmental impact can be achieved with sandwich belt high angle conveyors that serve as the vital link in any IPCC (In-pit Crushing and Conveying) system. These high angle conveyors are not new at all, but have not found wide use in IPCC systems where they can realize the greatest advantage. Reduced energy consumption and environmental impact, with IPCC systems, was already realized in the 1970s. With the bulk material haulage limited to conventional open trough conveyors the most direct path out of the open pit was precluded, requiring low angle spiral ramps and/or deep slots and/or tunnels through the high wall of the open pit. These excavations, to accommodate the low angle limitations, represented undesirable impact on cost and on the environment. Against this backdrop, a major study in 1979 sought to develop high angle conveying systems that could continuously haul the mined bulk material directly out of the pit, along the high wall – the shortest distance between the two end points. Between 1979 and 1982, that study developed sandwich belt high angle conveying systems that utilized all conventional conveyor equipment including smooth surfaced rubber belts that could be continuously scraped clean. These systems had all of the positive features of conventional conveyors but overcame the angle limitation. By hugging the bulk material between two belts, the material’s internal friction could be developed to facilitate conveying at any high angle up to 90 degrees (vertical). After an intense testing period (about one year) on the first large scale prototype system, commercialization began in 1983 with the installation of a 60 degree incline system at a western United States coal mine, elevating 2000 t/h of coal to a train load out system. It did not take a long period of scrutiny and acceptance before this high angle conveyor found use in the most rugged requirements of an IPCC system. This was only the second commercial sale, and after more than 150 commercial installations, it remains arguably the most significant high angle conveying system. In 1984, a copper mine in Serbia, already using pit perimeter crushing and conveying, decided to move their primary crusher deep into the pit and to use a sandwich belt high angle conveying system to elevate the ore continuously, directly out of the pit, along the high wall to the pit perimeter where it then transferred to a conventional conveyor for the remaining haul to the plant. The system had significant features including 2000mm wide belts that elevated 250mm coarse ore, at 4000 t/h, over six 15-meter high benches for a total 90 meters of net lift. The system was able to reduce the truck haulage fleet by ten 200 ton trucks realizing great cost savings, zero emissions to the air and greatly reduced traffic congestion in the pit. The system operated successfully until 2002 when the mine shut down. Many successful sandwich belt high angle conveyors followed with the current count of commercial installations at more than 150. Despite the great success with this system, its use has not been repeated as part of an IPCC system."

Jan 1, 2018

By G. D. MacDonald

The Grasberg porphyry copper-gold deposit of P.T. Freeport Indonesia, Co. is located in the Jayawijaya Mountains of Irian Jaya, Indonesia approximately six km west northwest of Puncak Jaya, the highest point on the island of New Guinea. Disseminated mineralization is confined to the Grasberg intrusive complex, a multiphase intrusion of dioritic to monzonitic composition which intruded tightly folded carbonate rocks of the Tertiary Faumai and Ainod formations. The high tonnage and grade of the deposit (1 X 109 tonnes at 1.4 % copper and 1. 8 ppm gold) appear to result from a succession of coincident intrusive and mineralizing events about three million years ago. This paper will focus on the history and character of these events.

Jan 1, 1993

By D. Tepavac, S. Simmonds

"The high virgin horizontal in situ stress field in the Sydney Basin and its impact on civil engineering projects is a well-known and accepted phenomenon found in significant literature (e.g., Pells, 2013). The prevailing high-stress effects depend on many factors — rock quality, tunnel orientation, proximity of geological features to tunnel crown, size and shape of opening, depth of excavation and stress magnitude. The behavior of the rock mass under high in situ stress conditions can cause stress fracturing and consequent dilation of the tunnel periphery, resulting in rock spalling at the tunnel crown/ invert or raveling of rock blocks on the tunnel sidewall. This type of failure is of a brittle nature and may create construction and safety risks during tunnel excavation, if it occurs behind the excavation face where ground support has already been installed. Therefore, the associated risks need to be managed during construction. This paper presents the design strategy adopted to mitigate these adverse tunneling conditions for the WestConnex Project to-date. Overview of the WestConnex M4 East and new M5 tunnel projectsWestConnex is one of the New South Wales government’s key infrastructure projects. This 33 km (20.5 mile) project aims to ease congestion and connect communities and is the largest integrated transport and urban revitalization project in Australia. It was a key recommendation of the State Infrastructure Strategy released in October 2012. It brings together a number of important road projects, which, together, form a vital link in Sydney’s Orbital Network. These road projects include a widening of the M4 east of Parramatta, a duplication of the M5 East, and new sections of motorway to provide a connection between these two key corridors. The WestConnex project includes a number of stages: Stage 1a: M4 Widening; Stage 1b: M4 East; Stage 2: New M5; and Stage 3: M4–M5 Link. The tunnel design referenced in this paper relates to Stage 1b and Stage 2 of the WestConnex Project (Fig. 1)."

Dec 1, 2018

By T. Kontos

Rogers Group, Inc., is the nation's largest privately held aggregates producer (primarily producing crushed limestone and secondarily sand & gravel) and a major regional asphalt paving construction contractor. The company also has interests in building supplies and coal. Facilities are concentrated in five states in the central U.S. (Ohio, Indiana, Kentucky, Tennessee, and Alabama), with an additional location in Southwestern Virginia. At the request of its then CEO and with support from the company's ownership, Rogers embarked on a strategic planning program in late 1986 by retaining an outside management consulting firm. The ultimate goal of this program was to develop a self-sustaining strategic planning process to inject a strategic dimension into every manager's business thinking and to improve company performance. Since then, Rogers has internalized the outside consultants' strategic planning framework --initially, using it wholesale, and later, greatly streamlining and tailoring both the planning process and product to meet the specific needs of the company. Implementation of strategies developed from strategic planning has resulted in significant improvements throughout the organization. The latest product of the strategic planning effort is a company-wide (or, "corporate") strategic plan that carries the theme of "Market Leadership through Excellence". This paper provides a case study of successful corporate strategic planning by examining the evolution of strategic planning at Rogers and by summarizing the key elements of a sound planning process and product.

Jan 1, 1994

By Stephen W. Kline

Rock suitable for crushed-stone aggregate is almost entirely restricted to the Highlands region of Arkansas, mostly from Paleozoic sedimentary units, but also from a few Cretaceous igneous plutons. Reserves in the state are sufficient for local needs, and Arkansas is geographically well situated for export markets to the south, where resources for crushed-stone aggregate are lacking. A study of 423 quarries, test pits, and exploration sites in Arkansas has been completed to evaluate the relative quality of bedrock units for producing crushed aggregate. Of these, 274 sites have records of engineering tests for stone evaluation done by the U.S. Army Corps of Engineers and/or the Arkansas State Highway and Transportation Department (AHTD). Of the 1,775 sample records from these sites, the most commonly reported parameters are the LA abrasion test and the Na-sulfate soundness test. Many records also have absorption and specific-gravity data, and, for some, petrographic information helps identify the potential for alkali-silica reactivity in portland-cement concrete. By determining the bedrock sources of the tested samples, comparison is made between the various geologic mapping units as to their relative quality for crushed stone.

Jan 1, 1999

By R. Flores V.

The Refugio Project is located in the Andes mountains of northern Chile, in the Maricunga Hineral Belt. The Verde, Pancho and Guanaco Au ore bodies have been recognized and are Early Miocene in age. Mineralization consists of fine-grained disseminated gold hosted by dacitic to dioritic subvolcanic porphyries. Alteration comprises massive to veinlet-controlled silicification overprinted on earlier potassic and propylitic alteration and surrounded by later argillic alteration. Geologic relationships suggest that the Refugio ore bodies occur within an Early Tertiary volcano overlying Paleozoic and Mesozoic basement rocks. Geologic reserves at Refugio are approximately 300 million grams (9.7 million ounces) of gold. The Verde deposit contains 185 million tonnes of mineable and leachable ore with an average grade of 0.90 glt Au and is currently in the pre-construction stage after a positive feasibility study. Proven and probable mining reserves at Verde deposit are 101 million tonnes at an average grade of 1.02 glt gold. Additional potential exists at to other deposits within the Refugio property (Pancho and Guanaco) but no reserves have yet been defined due to the limited drilling to date.

Jan 1, 1994