Mining Intelligence and News
United Kingdom

Cononish Mine

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Overview

Mine TypeUnderground
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Longhole stoping
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotThe Cononish is a high-grade underground mining operation with a central processing plant producing gold concentrate for off-take and gold doré for the Scottish Jewellery industry.

Gold production commenced in November 2020. The Scotgold Resources achieved commercial production on 30 June 2022. Phase 2/Expansion Phase is targeted for 2023 where the Scotgold Resources anticipate achieving 23,500 ounces p.a. run rate of gold.

The Geological data and documentation indicate that to deliver to the mine plan, a significant capital investment is required. The Scotgold Resources is actively seeking additional financing and discussions are in an advanced stage. If the Scotgold Resources cannot conclude a significant fundraise, it will cast material uncertainty for the Scotgold Resources to continue as a going concern.

Owners

SourceSource
CompanyInterestOwnership
Scotgold Resources Ltd. 100 % Indirect
With effect from 1 January 2018, the Company established a new 100% owned subsidiary, SGZ Cononish Ltd to develop its flagship asset, the Cononish Gold and Silver Project. Its existing 100% owned subsidiary, Scotgold Resources Ltd (Scotland) was renamed SGZ Grampian Limited and continues to hold and operate the Scottish exploration licence.

Deposit type

  • Vein / narrow vein

Summary:

The Cononish deposit is hosted in a meta-sedimentary sequence of schists, pelites, quartzites, psammites and calcareous rocks of the Appin and Argyll Groups belonging to the Dalradian Supergroup.

The gold and silver mineralisation occurs within a steeply-dipping quartz vein which is up to 8.3m wide and has an average width of about 1.8m.

The vein system was emplaced during the late to post-tectonic late Silurian to early Devonian episode of granitoid intrusion in the Grampian Highlands. It shows both brittle and ductile style deformation and completely postdates metamorphism and associated Caledonian foliations. Quartz veining is associated with the Tyndrum Fault, one of a set of northeast southwest trending, left lateral, faults characterizing the Scottish Highlands.

Gold occurs as electrum (a natural gold / silver alloy) and some minor amounts of native (pure) gold; silver occurs additionally as minor tellurides. The gold/electrum is fine-grained, generally <100 µm in size. Visible gold up to 1,000 µm to 2,000 µm in size is rare. Assay data suggests that gold and silver is spatially associated with sulphides in the quartz vein. The main sulphide is pyrite, but galena, chalcopyrite and sphalerite occur in small amounts.

Although the vein outcrops on surface in limited areas, this will not be exposed by mining and little weathering and no supergene alteration has been encountered to date.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnits202320222021
Gold Metal in conc./ doré oz  ....  Subscribe  ....  Subscribe  ....  Subscribe
Silver Metal in conc./ doré oz  ....  Subscribe
Gold Metal in doré oz
Silver Metal in doré oz
^ Guidance / Forecast.

Operational metrics

Metrics2022
Ore tonnes mined  ....  Subscribe
Tonnes milled  ....  Subscribe

Production Costs

Commodity production costs have not been reported.

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 17, 2023
....................... Subscription required ....................... Subscription required Subscription required Oct 17, 2023
....................... Subscription required ....................... Subscription required Subscription required Oct 17, 2023

Aerial view:

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