Overview
Status | Care and Maintenance |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
|
Production Start | ...  |
Mine Life | 2 years (as of Jan 1, 2022) |
The Point Rousse Operation contains three deposits Pine Cove, Stog’er Tight, Argyle and the fully permitted Pine Cove Mill. Point Rousse is transitioning to care and maintenance. Initial mining at Stog’er Tight took place between 2016 to 2019.
The 2022 Technical Report demonstrates the economic potential to develop the Stog’er Tight Deposit at Point Rousse.
The Signal Gold has decided it will not proceed with the non-material development of the Stog’er Tight Deposit at Point Rousse at this time. |
Source:
p. 16
Signal Gold Inc. (formerly Anaconda Mining Inc.) is the 100% owner and operator of the Point Rousse Project.
Contractors
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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 (Plate 9). 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.
D3 deformation produced F3 mesoscopic northward-verging asymmetric folds that affect all the D1/D2 fabrics, shear zones and related alteration. The F3 folds trend roughly southeast ........

Summary:
Point Rousse Operation is comprised of the Argyle Gold Mine, the Stog'er Tight deposit. Initial mining at Stog’er Tight took place between 2016 to 2019. The Signal will to review and optimize the Stog’er Tight mine plan.
Potential for mining at Stog’er Tight is possible from both the Gabbro and 278 zones of the Stog’er Tight Mineral Reserve. Each would be mined. Supporting infrastructure from past operations has been maintained and may be used for mining both the Gabbro Pit and the 278 pit. Infrastructure includes an existing WRSA, an overburden and organics stockpile and the previously mined area.
The mining method planned for development of the Stog’er Tight Mine follows the same methods and procedures for the mining methods at the Argyle Mine. Similarly, grade control procedures envisioned for the development of the Stog’er Tight Mine will follow those outlined for the Argyle Mine, with 6-metre-long drill holes on 3 m centres. 2 samples will be taken from each drill hole.
Gabbro (Zone) Open Pit
Total gold ounces to be mined over the life of the Gabbro Pit are expected to be 25,800 oz at an average grade of 1.66 g/t gold from 486,000 tonnes of ore mined. It is expected that Gabbro ore will be mined using conventional open pit mining methods with waste rock being stored locally at site and ore being stockpiled on site and then transported by truck to the Pine Cove Mill. Total waste mined is 4,017,000 tonnes at an average strip ratio of ........

Flow Sheet:
Ore is fed to the crushing plant via front end loader, where it first enters a jaw crusher. After crushing, a conveyor takes the ore to a screen deck, where the fine material is separated. Oversize ore is recirculated through a cone crusher until it reaches the desired top size of 3/8 inches.
Ore from the crushed stockpile is then fed to the primary ball mill via conveyor belt, and typically averages 1.0 to 2.0 g/t gold. The ball mill is charged with 2 inch and 3 inch balls, and grinds material to a K80 of 150 micron. Material from the ball mill is pumped through a cyclone, where liberated material is fed into the flotation circuit via an overflow. Any coarse material is returned to the ball mill.
Flow Sheet:
Summary:

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Production:
Commodity | Units | 2016 |
Gold
|
oz
| 1,462 |
All production numbers are expressed as metal in doré.
Operational Metrics:
Metrics | 2018 | 2017 | 2016 |
Ore tonnes mined
| 189,484 t | | 27,260 t |
Tonnes processed
| | 1,404 t | 25,158 t |
Total tonnes mined
| | | 82,298 t |
Waste
| | | 55,038 t |
Stripping / waste ratio
| | | 2 |
Reserves at September 30, 2022:
Open pit Mineral Resources are reported at a CoG of 0.59 g/t gold that is based on a gold price of CAD$2,000/oz (approximately US$1,550/oz) and a gold processing recovery factor of 87%.
2022 Stog’er Tight Probable Mineral Reserves were estimated at a cut-off grade of 0.62 g/t gold and gold price of CA$2,000/oz (US$1,550/oz).
Category | Tonnage | Commodity |
Probable
|
726,600 t
|
Gold
|
Indicated
|
642,000 t
|
Gold
|
Inferred
|
53,000 t
|
Gold
|
Mine Management:
Job Title | Name | Profile | Ref. Date |
.......................
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.......................
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|
Mar 27, 2023
|
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Corporate Filings & Presentations:
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