Mining Intelligence and News
United States

Sleeper Project

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Overview

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

Owners

SourceSource
CompanyInterestOwnership
Paramount Gold Nevada Corp. 100 % Indirect
Sleeper Mining Company LLC 100 % Direct
Paramount Gold Nevada Corp. wholly owned subsidiaries include New Sleeper Gold LLC and Sleeper Mining Company, LLC, which holds interest in the Sleeper Project.

Deposit type

  • Breccia pipe / Stockwork

Summary:

The Sleeper deposit is located on the western foothills of the Sleeper range, in NW Nevada. It consists of an epithermal Au-Ag vein system controlled by an extension-related system of NW, NS and bed-parallel structures affecting stratified rocks.

Bed parallel structures related to the base of the rhyolite porphyry and the contact also act as control for Lower grade, disseminated mineralization.

NW structures act as discontinuities for the main N-S veins, as well as hosts for lower grade mineralization.

Four main types of gold mineralization are found within the Sleeper deposit and may represent a continuum as the system evolved from a high level, high sulphidation system dominated by intrusion related fluids and volatiles to a low sulphidation meteoric water dominant system (Corbett, 2005, Utterback, 2005, Histed, 2005). In this setting the paragenetic relationships of the differing mineralization styles are as follows:
* Early - quartz-pyrite-marcasite stockwork
* Intermediate - medium-grade, silica-pyrite marcasite cemented breccias localized on zones of structural weakness
* Late - high-grade, banded, quartz-adularia-electrum-(sericite) veins
* Post - alluvial gold-silver deposits in Pliocene gravels.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityUnitsAvg. AnnualLOM
Gold oz 92,400752,245
Silver oz 91,800743,982
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Daily mining rate 46.2 kt *
Daily ore mining rate 26.6 kt *
Daily milling rate 26.6 kt of ore *
Stripping / waste ratio 0.72 *
Waste tonnes, LOM 55,877 kt *
Ore tonnes mined, LOM 77,609 kt *
Total tonnes mined, LOM 133,485 kt *
Tonnes processed, LOM 77,609 kt of ore *
* According to 2017 study.

Production Costs

CommodityUnitsAverage
Cash costs Gold Equivalent USD 529 / oz *  
Total cash costs Gold Equivalent USD 869 / oz *  
Assumed price Silver USD 16 / oz *  
Assumed price Gold USD 1,250 / oz *  
* According to 2017 study / presentation.

Operating Costs

Currency2017
OP mining costs ($/t milled) USD 2.41 *  
Processing costs ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2017 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
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Income Taxes $M USD  ......  Subscribe
Gross 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
After-tax NPV @ 0% $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
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 2, 2024
....................... Subscription required ....................... Subscription required Subscription required Jan 2, 2024

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