The known deposits within the Project area are considered to be examples of turbidite-hosted, orogenic mesothermal gold deposits.

A number of argillite units, separated by greywackes, occur within the Touquoy property. Mineralization is hosted within the Touquoy argillite unit of the Moose River Formation of the Goldenville Group. The argillite is folded around the Moose River–Fifteen Mile Stream Anticline, a regional structure that can be traced for at least 47 km from a position approximately 6 km south west of the Touquoy deposit, to approximately 4 km northeast of Fifteen Mile Stream.

The anticline geometry varies along its length in the property area, from an upright tightly-folded anticline in the vicinity of the Touquoy deposit to multiple tight folds, overturned to the north, in the Stillwater area.

The argillite unit is as much as 180 m thick close to the hinge in the northern limb and appears to thin with depth. It is much thinner in the southern limb, typically 25–60 m wide. In the northern limb, the Touquoy argillite is separated into upper and lower units by a distinctive marker horizon, the rip-up unit, which varies from a thin (<2 m thick) horizon of sparse sandstone rip-up clasts in a finer grained matrix to a fine or medium grained greywacke. The rip-up unit has only rarely been recognized in the southern limb.

The Moose River–Fifteen Mile Stream Anticline is tightly folded and upright to overturned with both lim ........

Mining is based on conventional open pit methods suited for the project location and local site requirements. The mining fleet will include diesel powered down the hole (DTH) drills with 144 mm bit size for production drilling, diesel-powered RC drills for bench-scale grade control drilling, 5 m3 bucket size diesel hydraulic excavators and 7 m3 bucket sized wheel loaders for production loading, and 64 t payload rigid-frame haul trucks and 41 t articulated trucks for production hauling, plus ancillary and service equipment to support the mining operations. In-pit dewatering systems will be established for each pit. All surface water and precipitation in the pits will be handled by submersible pumps.

Mine operations will continue at Touquoy and will move to Beaver Dam once the Touquoy open pit is exhausted in 2023. At Touquoy, ore is hauled to a crusher 700 m north of the pit, which feeds the process plant; and waste rock is deposited into a waste rock storage facility (WRSF) 1,000 m east of the pit, or is used as rock fill in construction of the TMF that is located 800 m east of the pit.

Pit designs are configured on 10 m bench heights, with 8m wide berms placed every two benches, or double benching. Bench face angles, and subsequent inter-ramp angles are varied based on prescribed azimuths and depth from surface, as specified by each geotechnical report.

The pit slope criteria for Touquoy are based on a 2011 geotechnical report by Peter O’Bry ........

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The Touquoy process plant is designed for an ore treatment of 2 Mt/a or 250 t/h based on availability of 8,000 h/a, or 91.3%. However, the crushing section design is set at 60% availability since it operates outdoors and uses modular semi-mobile equipment. It will accept Touquoy ROM ore for the first five years of operation and thereafter ROM ore from the Beaver Dam deposit at the same treatment rate using the same unit operations. Only relatively minor equipment modifications are expected to be needed at Touquoy to treat the Beaver Dam ore.

Gravity and Intensive Cyanidation
A portion of the ball mill circulating load is fed into two 50% duty parallel gravity concentrator trains. The gold concentrate recovered is treated in an intensive batch leach system designed to handle 2.4 t/d of concentrate. The resulting concentrated gold solution is pumped to a dedicated eluate tank at the gold room.

The equipment is arranged to provide a gravity cascade under the ........