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United States

Florida Canyon Mine

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Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Florida Canyon Mine produces gold by conventional hard rock open pit mining with processing by 2 stage crushing and Run of Mine (ROM) heap leaching.

The pit at the Florida Canyon mine was subdivided into 10 mining phases.

Florida Canyon Mine is currently constructing an expansion to the South Heap Leach Pad. Along with the new pad area, Florida Canyon Mine will install additional CIC and solution pumping capacity to double the flow rate to the pad to 10,400 gpm. Construction of the pad expansion and CIC/pumping upgrade is expected to be complete in Q3-2024 with residual leaching of Phase 1 and 2 continuing for two to three years after those areas are stacked out.

The Florida Canyon mine is improving its stormwater management systems and is planning to initiate reclamation and closure activities at its North heap leach pad in 2024.

Additional permits for mine life extension are in progress and expected by the end of Q2-2024.
Latest NewsIntegra Resources Completes Transaction With Florida Canyon Gold, Creating A New Great Basin Precious Metals Producer     November 8, 2024

Owners

SourceSource
CompanyInterestOwnership
Integra Resources Corp. 100 % Indirect
July 15, 2024 - Florida Canyon Gold Inc. is a newly listed company formed pursuant to the spin-out of the United States and Mexican operations of Argonaut Gold Inc., including the Florida Canyon mine in Nevada, U.S.A. and the San Agustin mine in Mexico.

Florida Canyon Gold Inc. owns the Florida Canyon mine.

On Nov. 8, 2024, Integra Resources Corp. and Florida Canyon Gold Inc. are pleased to announce that the business combination between Integra and FCGI was completed by way of a court approved plan of arrangement under the Canada Business Corporations Act. Under the terms of the Transaction, Integra acquired all of the issued and outstanding common shares of FCGI. As a result of the Transaction, FCGI became a wholly-owned subsidiary of Integra.

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Deposit type

  • Epithermal
  • Vein / narrow vein
  • Sediment-hosted
  • Breccia pipe / Stockwork

Summary:

Florida Canyon Mine is a large, relatively young epithermal gold deposit adjacent to an active geothermal system. The close spatial association with the geothermal system has led to a general belief that FCM is a hot springstyle, epithermal gold deposit. Hydrothermal alteration assemblages and the mineralogy of both oxidized and unoxidized gold mineralization at FCM have been described and interpreted by Fifarek et al. (2011) as having formed in a low-sulfidation, epithermal environment.

The deposit type is a large fault/fracture-controlled gold system, the overall extent being defined by alteration and oxidation of host meta-sedimentary rocks. Mineralization is preferentially located along major structural trends, in associated adjacent fracturing and rock foliations, and as disseminations in favorable host lithologies.

Rocks of the Rochester Rhyolite, Prida Formation, Natchez Pass Limestone, and Grass Valley Formation are exposed in the FCM area. All these units are of Triassic age. Sills of mafic composition intrude the Prida Formation and sparse, strongly clay-altered felsic dikes locally cut upward into the Grass Valley Formation. The Humboldt City Thrust Fault separated the Natchez Pass and Grass Valley formations from the underlying Prida Formation, and much of the middle and lower units of the Natchez Pass Limestone have been cut out above the thrust fault. The Florida Canyon gold deposits are hosted by the Grass Valley Formation and Natchez Pass Limestone along with sill/limestone contact zones within Prida Formation. The general strike of the stratigraphy at FCM is N30oE with a 30 to 40-degree dip to the west.

The Grass Valley Formation is composed of siltstone with interbedded sandstone lenses, which were metamorphosed to argillite, phyllite, and fine-grained quartzite. At the mine site, the Grass Valley Formation can be separated into layers of silty argillite and quartzite separated by dark gray to black phyllite. The layers of more quartz-rich sediment were more strongly and preferentially fractured and faulted during periods of compressional tectonics relative to the phyllite beds.

As well, extensional tectonics during Basin and Range formation also resulted in more fault and fracture-related permeability in the silty beds relative to the phyllite.

There is a strong N30oE to N50oE structural fabric prevalent in and adjacent to the Florida Canyon deposits, as evidenced by the alignment of quartz veining, shear zones, and well-developed joint sets (Hastings, et al., 1987). Byington (1996) also recognized this important structural control to mineralization, particularly in the Main and Madre (aka Brown Derby) deposits. It has also been noted at other locations, specifically the Northeast Extension (aka Central) deposit that the preferentially mineralized structural trend is west-northwest. The north to north-northeast trending Basin and Range fault system limits the western near surface part of the FCM oxide deposit. The range-front fault system is a series of subparallel normal faults that “stair step” down to the west, with displacement on individual faults ranging from more than 780 feet near the range front to a few feet on parallel structure further to the west (Hastings, et al., 1987). These range-bounding faults are also listric and flatten with depth, which is an important feature in exploring for downdip blocks of mineralization to the west beneath valley-fill alluvium.

Mineralization
The location and geometry of the mineralized bodies at FCM are a result of structure; the presence of favorable silty argillite, quartzite, and limestone host rocks; and the position of the host rocks relative to structural conduits. The higher-grade zones of mineralization tend, in general, to follow the high-angle, northeast- and northwest-trending fault and shear zones. The more moderate- or lower-grade zones are controlled by favorable host rocks more distal to feeder structures.

Rock units that are more favorable hosts to mineralization include silty argillite, hornfels contact zones with mafic sills, karsted limestone, and platy, silty limestone with interbeds of calcareous shale. Local factors that influence the occurrence and geometry of mineralized bodies include variations in folds, foliation, and bedding in favorable units, intersecting structural fabrics, and proximity to low-angle structures (Taylor, 2001). Hypogene mineralization at FCM consists of native gold and electrum associated with quartz, iron oxides, pyrite, marcasite, and arsenopyrite (Hastings et al., 1987). Quartz is the major gangue material. Secondary minerals identified in the FCM deposits to date include gypsum (likely remobilized from the Grass Valley Formation), alunite, barite, native sulfur, calcite, dolomite, fluorite, anhydrite, pyrargyrite, pyrrhotite, and stibnite. There are two types of hydrothermal, epithermal quartz veins at FCM (Hastings, et al., 1987). The most important are vein swarms and stockworks that contain most of the gold mineralization. These veins generally follow a north-northeast trend (Hastings, et al., 1987) and are characterized by colorless, euhedral to subhedral quartz, or banded chalcedonic white to colorless quartz that contains limonite after pyrite (Taylor, 2001).

The second type of hydrothermal quartz veining occurs as large, through-going, banded fissure veins that follow the original north-northeast structural fabric (Hastings, et al., 1987). These veins are interpreted to represent a late hydrothermal event that overprinted the earlier episode of gold-bearing quartz veining and stockworks. These veins are characterized by bands of course, prismatic quartz alternating with bands of cherty chalcedony and only occasionally contain economic gold grades. Milky white bull-quartz veins, considered to be metamorphic in origin, may also be present in the mineralized zones, but they are not gold bearing (Taylor, 2001). Locally, pervasive silicification is generally associated with areas of highdensity quartz veining and/or intense hydrothermal brecciation (Taylor, 2001). Sericite, adularia, clay, and chlorite occur locally in quartz veins, breccia matrix, and on fracture surfaces. There is extensive argillization and bleaching throughout the deposit area, with pervasive hematization that is largely confined to silty units marginal to the bleached areas (Hastings, et al., 1987).

A different style of mineralization has been recognized in the more recently discovered deposits east of the original FCM Main Pit. At Radio Tower, karsted surfaces in Natchez Pass Limestone are replaced by cryptocrystalline silica forming jasperoid and hornfelsed contact zones between mafic sill and limestone are strongly quartz-veined and pyritized. These ore zones represent a likely older event relative to the younger, hot-spring style mineralization in the Main Pit and Madre areas.

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Comminution

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Processing

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Production

CommodityUnits20242023202220212020201920182017
Gold Equivalent oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe42,37747,35327,983
Silver oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe30,24431,99320,818
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics20242023202220212020201920182017
Stripping / waste ratio  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe0.89 1.18 0.9
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6,662 kt7,115 kt6,988,290 tons
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5,958 kt8,369 kt6,294,109 tons
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe12,620 kt15,484 kt13,282,399 tons
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Daily mining capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Daily mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe34,576 t42,422 t
Daily processing rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe18,294 t20,676 t
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6,677 t7,547 kt6,410,556 tons
^ Guidance / Forecast.

Production Costs

CommodityUnits2024202320222021202020192018
Cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,253 / oz **   1,077 / oz **  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,337 / oz **   1,158 / oz **  
^ Guidance / Forecast.
** Net of By-Product.

Operating Costs

Currency2023202220192018
OP mining costs ($/t mined) USD  ....  Subscribe  ....  Subscribe
OP mining costs ($/t milled) USD  ....  Subscribe  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Crushing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe  ....  Subscribe

Financials

Units2024202320222021202020192018
Capital expenditures (planned) M USD  ....  Subscribe
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 9.8   2.4  
Sustaining costs M USD  ....  Subscribe  ....  Subscribe
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 61   37.3  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -2.6   2.5  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

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Personnel

Mine Management

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