Summary

Mine Type	Stockpile
Status	Active
Commodities	Gold
Mining Method	Truck & Shovel / Loader
Production Start	...
Snapshot	The Pine Cove deposit and the Pine Cove mill are a part of the Point Rousse Operation. Mining at the Pine Cove mine concluded in October of 2020 and stockpile mineral resource was depleted in 2022. The Pine Cove has been on care and maintenance since March 2023. On February 27, 2025, after a two year period of care and maintenance and substantial completion of comprehensive repairs, the Pine Cove mill is being re-commissioned with the processing of low-grade mineralized stockpile material collected from several sources around the Point Rousse Project, existing mill stockpiles and tailings material excavated from TSF2. It is planned that the Pine Cove mill will be used to process mineral material from the Hammerdown gold project, which is owned by Maritime Resources Corp., the owner of the Pine Cove mill. Mineralized stockpiles are planned to continue processing while completing equipment upgrades to optimize the plant for Hammerdown ore.

Deposit type

• Orogenic
• Vein / narrow vein

Summary:

The Point Rousse Complex is host to orogenic-style gold mineralization. Mineralization comprises both vein-hosted and altered-wall rock or replacement styles of mineralization and both exhibit features common to orogenic gold deposits. The mineralization is typically structurally controlled and developed within subsidiary deformation zones, such as the Scrape Trust Fault, to major regional structures, like the Baie Verte – Brompton Line fault. Gold mineralization is intimately associated with disseminated and massive pyrite within the host rock indicating that iron rich rocks are an important precursor to mineralization. Alteration within mafic volcanic and gabbroic rocks can be is characterized by albitization and carbonitization. Iron and titanium rich lithologies associated with the Scrape Thrust are typical host rocks.

The Point Rousse gold mineralization exhibits relatively narrow, but distinctive alteration haloes dominated by Fe-carbonate, albite, sericite, chlorite and leucoxene. The ore mineralogy is relatively simple and is generally comprised of non-refractory gold either as free gold or as coatings on, or along fractures/grain boundariesin pyrite. Silver and base metals can be present in minor amounts and the deposits typically exhibit only trace arsenic.

The geological setting of the Pine Cove Mine area is characterized by greenschist facies mafic volcanic and volcaniclastic rocks, clastic sedimentary rocks and minor iron formation; part of the Snooks Arm Group. In the immediate mine area the rocks can be informally divided into five distinct units that dip gently to the north.

Mineralization is associated with a broad alteration envelope characterized by broad zones of very finegrained calcite and chlorite. Proximal to mineralization fine wispy orange-brown leucoxene is common in intrusive rocks and is either chaotically oriented or rotated and flattened parallel to the foliation. Where alteration is most intense, and gold mineralization occurs, iron-carbonate is pervasive, variably developed, brecciated, quartz-veins and quartz-carbonate veins are observed as well as albite. Pyrite is part of the alteration assemblage and intimately associated with gold mineralization.

Pyrite occurs marginal to the quartz veins, disseminated within wall rock fragments incorporated in the veins, and as minor disseminated pyrite within the quartz veins. The gold concentrations are directly related to pyrite content. The gold occurs as small disseminated grains (ranging from 1 to 50 microns) within pyrite, quartz veins and as thin stringers.

Mining Methods

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Comminution

Crushers and Mills

Processing

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Commodity Production

Operational metrics

Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Jul 10, 2025