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Guyana
Eagle Mountain Project

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 Location:
127 km SW from Linden, Guyana

  Project Contacts:
570 Granville Street, Suite 501
Vancouver
British Columbia, Canada
V6C 3P1
Phone  ...  Subscription required
Fax(604) 357-1313
EmailEmail
WebsiteWeb
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Financials
  • Personnel
  • Filings & News

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Overview

StagePreliminary Economic Assessment
Mine TypeOpen Pit
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life8 years (as of Jan 1, 2014)
OPERATIONS:
- Phase I Development (Pilot Plant) already built in 2015/16. Gravity only processing plant, open pit mine.
- Mix of dry (truck-excavator) and wet mining (Marok pumping).
- The Company currently operates the plant at lower volumes on selected days, to collect information for Large Scale Mining and PFS: A) operating costs & testing of dif. mining methods, B) metallurgical test work.
- Gold ounces sold ease corporate cash calls.
Latest NewsGoldsource Announces New Discovery at Eagle Mountain Project; Trench with 40 Metres grading 5.16 gpt Gold in Saprolite...     December 13, 2022


Owners

Source: p. 13
CompanyInterestOwnership
Goldsource Mines Inc. 100 % Indirect
Stronghold Guyana Inc. 100 % Direct
The Eagle Mountain PL is held by the Company’s 100%-owned subsidiary in Guyana, Stronghold Guyana Inc.

Contractors

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Deposit Type

  • Orogenic
  • Saprolite


Summary:

The main and most significant style of gold mineralization on the Eagle Mountain Property is related to a series of tabular, shallow southwest-dipping, brittle-ductile composite shear zones within the granodiorite intrusion. This mineralization style forms the Eagle Mountain mineral resource. Very fine-grained gold is associated with chloritic ± pyritic micro-fractures and in some cases within or adjacent to discrete chlorite – pyrite ± potassic altered mylonitic shear zones. Alteration and sulphide mineralization within the mylonitic structures is interpreted to be syn-deformational.

A second style of mineralization is present west of the Eagle Mountain mineral resource where molybdenum mineralization occurs within the folded stratigraphy west of the Minnehaha fault in the Dispute Pit area. The felsic rocks within the fold package are the principal host, where mineralization occurs in association with epidote-sericite alteration. Molybdenite occurs as disseminated grains within the rock matrix, in quartz veins, particularly at vein margins, and within fractures. Mineralized quartz vein stockworks are developed within the centre of strongly altered units. Minor molybdenite is also present throughout the meta-volcanic and metasediments, occurring within quartz veins or coating fractures. Molybdenum and gold have an inverse grade relationship, and are interpreted to have occurred as two spatially and/or temporally separate events. Trace molybdenum occurs within the E ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

The Eagle Mountain saprolite deposits vary in dip (15 to 25 degrees) and thickness (5 to 40m) along strike and at depth. As a result, conventional mechanised mining methods have been selected. The development of the mining method and consequent equipment selection is based on owner-operated excavating, bulldozing, and loading into an in-pit mobile processing plant.


Crushing and Grinding


Processing

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Summary:

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Projected Production:
Eagle Mountain’s production statistics from mine commissioning commencement on January 28, 2016 to December 31, 2016.

CommodityUnits2016
Gold oz 621
All production numbers are expressed as metal in concentrate.

Operational Metrics:

Metrics2016
Total tonnes mined 142,766 t
Tonnes processed 131,396 t
Daily processing capacity 1,000 t
Daily processing rate 477 t

Reserves at March 31, 2017:
Estimated at 0.5 gpt cut-off for gold.

CategoryTonnage CommodityGradeContained Metal
Indicated 1,590,000 t Gold 1.45 g/t 74,100 oz
Inferred 7,202,000 t Gold 1.32 g/t 305,600 oz

Financials:

Units2016
Capital expenditures M USD 3.3  



Heavy Mobile Equipment:

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 15, 2020
Subscription required - Subscription is required.


Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2020
................................... Subscription required 2020
Corporate Presentation 2017
Management Discussion & Analysis 2016
Preliminary Economic Assessment 2014
Subscription required - Subscription is required.

News:

NewsDate
Goldsource Announces New Discovery at Eagle Mountain Project; Trench with 40 Metres grading 5.16 gpt Gold in Saprolite... December 13, 2022

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