United States

Hasbrouck Project

Click for more information

Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Hasbrouck Project includes the Three Hills Mine and the Hasbrouck Mine. The Hasbrouck Project will utilize two separate heap-leach facilities to be located approximately five miles apart. The Three Hills Mine will be constructed and operated first. The Hasbrouck Mine will be constructed after production commences at the Three Hills Mine so as to be ready to produce when Three Hills Mine ceases production after two years.

The Federal permit issued by the BLM for Hasbrouck Mine, as outlined in the 2023 PFS, was processed under an EA, this categorization being decided upon by the BLM in March of 2020. On November 4, 2020, the Company received a positive DR and FONSI for Hasbrouck Mine, completing requirements under NEPA and is a federal permit to build, operate, and close Hasbrouck Mine The federal permit has no expiration date and no annual fees or costs.

Owners

SourceSource
CompanyInterestOwnership
West Vault Mining Inc. 100 % Indirect
The West Vault Mining flagship project consists of the 100% owned Hasbrouck and Three Hills gold properties.

Contractors

Lock

- subscription is required.

Deposit type

  • Epithermal
  • Breccia pipe / Stockwork
  • Vein / narrow vein

Summary:

Deposit Type
Three Hills Mine is a low-sulfidation, epithermal gold deposit, and occurs in a zone of pervasive silicification within the outcropping Siebert Formation immediately above and along the contact with the underlying Fraction Tuff. Mineralization occurs in discontinuous, irregular 0.05in to 0.5in wide veinlets, vein stockworks, and erratic breccia veins of chalcedony and quartz. Oxidation has destroyed sulfide minerals within the deposit. The currently drilldefined extent of mineralization is approximately 1,000ft east–west by 2,700ft north–south with a maximum depth of 500ft. Mineralization remains open at depth, down-dip to the east along the Siebert/Fraction Tuff contact.

Hasbrouck Mine is a low-sulfidation, epithermal gold–silver deposit located in the western portion of the Divide Mining District. Host rocks are primarily tuffs and sediments of the Siebert Formation with limited mineralization within the underlying Fraction Tuff. An erosional remnant of silica sinter, deposited during hot spring activity, has been mapped near the top of the mountain. Gold and silver mineralization consists principally of 0.1in to 1.0in wide, discontinuous silica-pyrite veinlets, sheeted veinlets and stockworks, all closely associated with larger, but erratic bodies of hydrothermal breccia. Sulfide minerals have been largely oxidized. Mineralization is accompanied by strong pervasive silicification, with associated adularia and pyrite, and has a known extent of 2,800ft east–west by 2,400ft north–south, with a maximum depth of 900ft. Mineralization is open at depth and to a limited extent to the northwest and east.

Hill of Gold, located in the Tonopah Mining district, is a low-sulfidation, epithermal gold deposit, and occurs in two settings, the first within a northeast trending structural zone along long narrow “lenses”, and second is at or near the Oddie-Siebert and Oddie-Fraction contact.

Mineralization
Gold and silver mineralization at Hasbrouck appears to have been emplaced at very shallow depths, and is associated with young hot spring-related systems with siliceous sinter deposits. In addition, the mineralized zones are typically associated with silica ±adularia replacement of volcaniclastic host rocks. These types of deposits contain characteristically low concentrations of both total sulfide minerals and base metals.

Mineralization in the near-surface, epithermal environment takes place in and beneath hot springs, and the slightly deeper underlying hydrothermal conduits. Normal faults, margins of grabens, coarse clastic caldera moat-fill units, radial and ring dike fracture sets, and hydrothermal and tectonic breccias can act as hydrothermal fluid channeling structures. Throughgoing, branching, bifurcating, anastomosing and intersecting fracture systems are commonly mineralized. Mineralization commonly forms where dilatational openings and cymoid loops develop, typically where the strike or dip of veins change.

Mineralization characteristically comprises pyrite, electrum, gold, silver, and argentite. Other minerals can include silver sulphosalt and/or selenide minerals, chalcopyrite, sphalerite, and galena. Tellurides, roscoelite and fluorite are abundant in alkalic-rock hosted systems, which may include significant molybdenite as an accessory mineral.

Gold mineralization at Three Hills is commonly associated with areas of higher permeability lithologies, rock unit contacts, and structural features. Previous authors have described the mineralization as “disseminated”though examination of outcrops and drill core shows the higher gold grades associated with discontinuous, irregular 0.05- to 0.5inch-wide veinlets, vein stockworks, and erratic breccia veins of chalcedony and quartz. Lower gold grades in the top of the south hill are found in zones of grey to brown chalcedony, and hydrothermal breccia veins and pipes.

Hasbrouck mineralization has a 2,800ft east–west by 2,400ft north–south areal extent, with a maximum depth of 900ft. Mineralization is open at depth and to a limited extent to the north and east. Precious metals mineralization at the Hasbrouck Mine is concentrated within the Siebert Formation, stratigraphically below the chalcedonic sinter horizons that outcrop near the peak of Hasbrouck Mountain. The overwhelming bulk of mineralization lies within the Main zone. Weakly mineralized, sub-parallel structures occur between the Main and South zones.

Hasbrouck mineralization is primarily characterized as structurally controlled, with secondary lithologic control. Westnorthwest and northeast fault orientations localize higher-grade mineralization (+0.05 oz Au/ton) with lower grade material occurring as halos and straddling the clastic and tuffaceous package contact within the Siebert Formation. North-south faults appear to be late-stage or offset mineralization. Mineralization remains open at depth along the intersection of the crosscutting structural fabrics.

Reserves

Lock

- subscription is required.

Mining Methods

Lock

- subscription is required.

Comminution

Crushers and Mills

Lock

- subscription is required.

Processing

Lock

- subscription is required.

Production

CommodityProductUnitsAvg. AnnualLOM
Gold Payable metal koz 561
Silver Payable metal koz 1,908
Silver Metal in doré koz 3191,918
Gold Equivalent Metal in doré koz 74585

Operational metrics

Metrics
Daily processing rate  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityUnitsAverage
Cash costs Gold USD  ....  Subscribe
All-in sustaining costs (AISC) Gold USD  ....  Subscribe
All-in costs Gold USD  ....  Subscribe
Assumed price Silver USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe
* According to 2023 study / presentation.
** Net of By-Product.

Operating Costs

Currency2023
OP mining costs ($/t mined) USD 1.77 *  
OP mining costs ($/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 2023 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Expansion CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 205.4
Refining and transportation $M USD  ......  Subscribe
G&A costs $M USD 22.8
Total OpEx $M USD  ......  Subscribe
Mining Taxes $M USD  ......  Subscribe
Income Taxes $M USD  ......  Subscribe
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
Net revenue (LOM) $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
Pre-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Lock

- subscription is required.

Personnel

Mine Management

Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Subscription required Feb 8, 2024
....................... Subscription required ....................... Subscription required Subscription required Jan 11, 2023
....................... Subscription required ....................... Subscription required Subscription required Jan 11, 2023
....................... Subscription required ....................... Subscription required Subscription required Jan 11, 2023

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023

Aerial view:

Lock

- subscription is required.