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United States

Bells (Hog Ranch) Project

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Overview

Mine TypeOpen Pit
StagePreliminary Economic Assessment
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock

Owners

SourceSource
CompanyInterestOwnership
Rex Minerals Ltd. 100 % Indirect

Deposit type

  • Epithermal

Summary:

The Project lies within a broad region of relatively young (15Ma) volcanic rocks predominantly made up of welded flow banded rhyolite units interlayered with unwelded bedded tuffs (Bussey, 1996). The volcanic host rocks and subsequent hydrothermal activity associated with this volcanism is interpreted to be the cause of the gold mineralisation and associated large scale alteration observed at Bells.

Bells has the typical geological signature of a low-sulphidation epithermal deposit which formed close to the surface. Throughout north-west Nevada, there exists other similar epithermal gold deposits (such as Midas and Sleeper) which have a documented age similar to Bells and are interpreted to be related to volcanism and hydrothermal activity from the Yellowstone “Hot Spot” (Saunders et. al., 2008).

Bells is defined by a large area of alteration which has affected the volcanic host rocks and it is this alteration which initially attracted explorers to the project area. The gold mineralisation within this large alteration feature is predominantly dispersed horizontally along favourable and relatively flat lying host rocks. The current Mineral Resource estimate is based on the style of mineralisation that was the initial focus of exploration and mining. This style of mineralisation is dominated by relatively flat lying and dispersed low-grade gold mineralisation.

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

CommodityUnitsAvg. AnnualLOM
Gold oz 39,136321,565
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Daily processing rate  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing rate  ....  Subscribe
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Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
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* According to 2020 study.

Production Costs

CommodityUnitsAverage
All-in sustaining costs (AISC) Gold USD  ....  Subscribe
C1 cash costs Gold USD  ....  Subscribe
All-in costs Gold USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe
* According to 2020 study / presentation.

Operating Costs

Currency2020
OP mining costs ($/t milled) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2020 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
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Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
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After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 4, 2023

Total WorkforceYear
...... Subscription required 2020

Aerial view:

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