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Chile

Norte Abierto (Cerro Casale) Project

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Summary

Mine TypeOpen Pit
Study CompletedFeasibility
 Archived Information
Commodities
  • Gold
  • Silver
  • Copper
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotNorte Abierto is one of the world’s largest undeveloped gold-copper deposits. Cerro Casale has an approved permit through the environmental impact assessment (EIA).

The complex was created in 2017 following merging of the separate Cerro Casale mine owned by Barrick, and Caspiche mine owned by Newmont Goldcorp, into a joint venture.

The information is provided only for one part of the project (Cerro Casale) according to the Technical Report with Effective Date 18 February 2010.

As of April 30, 2024, drilling is ongoing.

Owners

SourceSource
CompanyInterestOwnership
Barrick Gold Corp. 50 % Indirect
Newmont Corp. 50 % Indirect
Norte Abierto (Cerro Casale) mine is a joint venture with Barrick Gold Corp. (50%) and Newmont Corp. (50%).

Deposit type

  • Porphyry
  • Breccia pipe / Stockwork

Summary:

Norte Abierto is a porphyry copper gold deposit with minor epithermal gold deposits.

The Cerro Casale gold–copper deposit is located in the Aldebarán sub-district of the Maricunga Volcanic Belt in northern Chile. The Maricunga belt is made up of a series of coalescing composite, Miocene andesitic to rhyolitic volcanic centres that extend for 200 km along the western crest of the Andes. Reverse faults parallel to the axis of the Andes have uplifted hypabyssal intrusive rocks beneath the extrusive volcanics, exposing porphyry-hosted gold-copper deposits in the Aldebarán area. In addition to Cerro Casale, the Aldebarán property is host to several, less-explored, satellite deposits including Zona de Vetas, Eva, Cerro Roman, Estrella, Anfiteatro, Jotabeche, and Romancito Sur.

The Cerro Casale deposit is exposed in a hill of approximate 700 m of vertical relief and 1 km in diameter. Mineralization is related to a series of dacitic to dioritic intrusives, which were emplaced into Miocene andesites and volcaniclastic sedimentary rocks. The Miocene volcanic rocks overlie Oligocene conglomerates, which in turn, overlie Eocene basaltic andesites and rhyolite pyroclastic flows.

At Cerro Casale, gold–copper mineralization occurs in quartz–sulphide and quartz–magnetite–specularite veinlet stockworks developed in the dioritic to granodioritic intrusives and in adjacent volcanic wall rocks. Stockworks are most common in two dioritic intrusive phases, particularly where intrusive and hydrothermal breccias are developed. Mineralization has been encountered to at least 1,450 m vertically and 850 m along strike. The strike of mineralization follows west–northwest fault and fracture zones, and is open at depth along this strike. The main zone of mineralization pinches and swells from 250 m to 700 m along strike, and down dip steeply to the southwest. The highest grade mineralization is coincident with well-developed quartzsulphide stockworks in strongly potassic-altered intrusive rocks.

Oxidation resulting from weathering and/or high oxygen activity in the last phase of hydrothermal alteration overprints sulphide mineralization in the upper portion of the Cerro Casale deposit. Copper oxides are not common. Oxidation locally extends deeply along fault zones or within steeply-dipping breccia bodies.

Cerro Casale is considered to be an example of a gold–copper porphyry system based on the following:

- Hosted in a Mesozoic orogenic belt;

- Gold–copper mineralization at Cerro Casale formed during emplacement of multiple phases of diorite and granodiorite intrusions into a coeval sequence of intermediate to felsic volcanic rocks;

- Mineralization appears to be most closely related to strong potassic to phyllic alteration of the latest phases of intermediate to felsic intrusives and associated intrusive and hydrothermal breccias;

- Mineralization is focused in well-developed quartz–sulphide stockworks; veins, crackle and breccia zones are also present;

- Large tonnage but low grade.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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EV - Electric

Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnitsLOM
Gold M oz 17
Silver M oz 36
Copper M lbs 4,832
All production numbers are expressed as payable metal.

Operational metrics

Metrics
Daily processing capacity 260,000 t *
Annual mining capacity 225 Mt *
Stripping ratio 1.79 *
Waste tonnes, LOM 2,231 Mt *
Ore tonnes mined, LOM 1,234 Mt *
Total tonnes mined, LOM 3,444 Mt *
* According to 2010 study.

Production Costs

CommodityUnits2025
Cash costs Gold USD 277 / oz * **  USD
Assumed price Copper USD 2 / lb *  USD
Assumed price Silver USD 12.5 / oz *  USD
Assumed price Gold USD 800 / oz *  USD
* According to 2010 study / presentation.
** Net of By-Product.

Operating Costs

CurrencyAverage
OP mining costs ($/t mined) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
* According to 2010 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
Total OpEx $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax IRR, %  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Apr 8, 2025
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Workforce

Total WorkforceYear
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Aerial view:

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