• Data Access
  • Your Email  
  • Your Email  
Keep me signed in.
Forgot your password?
Close
  • Forgot Your Password?
  • Enter the email you signed up with and we'll email it to you.
  • Your Email  
Close
Back
MDO
Mining Data Solutions
  • Home
  • Database
  • Subscribe
  • Sign In
  • Sign In
Argentina
El Quevar Project

This page is not tailored to
devices with screen width under 750 px.
 Location:
145 km NW from Salta, Argentina

  Project Contacts:
Alvarado 1185 1° piso
Salta
Argentina
4400
Phone  ...  Subscription required
WebsiteWeb
Additional Resources for Suppliers & Investors
Drill results over 30 g/t Au
Stay on top of recent discoveries.
Search drill results by commodity and grade.
Largest mines in the Americas
Mining and mill throughput capaciites.
Full profiles of select mines and projects.
Deepest underground mines
Shaft depth and mill throughput data.
Full profiles of select mines and projects.
Heavy mobile equipment
HME type, model, size and quantity.
Full profiles of select mines and projects.
Permitting and construction projects
Projects at the permitting or construction stage. Full profiles of select projects.
Mines with remote camps
Camp size, mine location and contacts.
Full profiles of select mines and projects.
Mines & projects in Argentina
A list of country's mines and projects.
Full profiles of select mines and projects.
  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Filings & News

Thank you for browsing through mine profiles compiled by the Mining Data Online team.

Would you like to subcribe or schedule a Demo?
  • Name:
     
  • Company:
     
  • Position:
     
  • Phone:
  • Email:
  • Message:

Overview

StagePreliminary Economic Assessment
Mine TypeUnderground
Commodities
  • Silver
  • Lead
  • Zinc
  • Copper
  • Gold
Mining Method
  • Post Pillar Cut & Fill
Processing
  • Flotation
Mine Life6 years (as of Jan 1, 2018)
Latest NewsGolden Minerals Signs Earn-In Agreement With Barrick Gold Corporation at El Quevar     April 13, 2020


Owners

Source: p. 66
CompanyInterestOwnership
Golden Minerals Company 100 % Indirect
Silex Argentina S.A. 100 % Direct
Apex Silver Mines Corporation, a subsidiary of Apex Silver Mines Limited, acquired the initial interest in the Project in 2004. The Project interest was held by the wholly indirectly-owned subsidiary Silex Argentina S.A. Following reorganization under Chapter 11 bankruptcy in 2009, the assets of Apex Silver were transferred to Golden Minerals Company. As part of that transaction, Silex Argentina became a wholly indirectly-owned subsidiary of Golden Minerals.

Deposit Type

  • Epithermal


Summary:

The Yaxtché deposit shows alteration assemblages typical of high sulfidation epithermal deposits whereas the metal content and sulfide assemblages are characteristic of mineralizing fluids with an intermediate sulfidation state.

The transition from high- to intermediate-sulfidation state is thought to define an evolving epithermal system as high-sulfidation state metal-bearing fluids cooled and interacted with host rocks as they moved vertically and laterally though the Yaxtché structure. This is depicted with three stages of primary fluid evolution:

• Alteration and gangue mineral assemblages related to acidic magmatic–hydrothermal fluids created permeability through acid leaching (i.e. vuggy silica)
• High-sulfidation state mineral assemblages (namely enargite–luzonite–famatinite) and metal contents (copper–gold dominant) formed at lower elevations within the Yaxtché structure
• Transition of high- to intermediate-sulfidation state as metal-bearing fluids ascended and further interacted with host rocks. The final phase of fluid evolution was critical for precipitation of silver-bearing minerals as tennantite–tetrahedrite became stable.

Sillitoe and Hedenquist (2003) defined the following key features of intermediatesulfidation systems:

• Intermediate-sulfidation deposits occur in calc-alkaline andesitic–dacitic arcs, although more felsic rocks can locally act as mineralization hosts
• The arcs typically display neutral to mildly extensional stress states
• Deposits form under acidic, oxidizing conditions within 1 km of the surface and
between temperatures of 150º and 250ºC
• Deposits show a large range in metal content and characteristics and can vary along the spectrum from gold-dominant to silver-dominant mineralization
• Although there is a large range of sulfide and sulfosalt minerals, these are dominated
by sphalerite with low FeS content, and include galena, tetrahedrite–tennantite, and chalcopyrite. Sulfide abundance can vary from 5–20 vol%
• Mineral assemblages typically contain Ag ± Pb, Zn (Au)
• The typical Ag:Au ratio is > 20:1
• Minor mineral associations can include Mo, As, Sb; may have associated tellurides
• Silica alteration can include vein-filling crustiform- and comb-textured veins
• Typical alteration assemblages include advanced argillic, alunite and kaolinite with
pyrophyllite deeper in the system; the proximal alteration mineral is often sericite.

Mineralization at Yaxtché consists of fine-grained black sulfides and sulfosalts that are difficult to identify in hand specimens. The mineralization occurs variously as disseminations, open-space filling, and in massive veinlets or clots. The identified mineralogy is consistent with that expected within a high- to intermediate- sulfidation epithermal deposit.

Coote (2010) observed:

• Tennantite–tetrahedrite is both intergrown with and overgrowing/replacing enargite–luzonite defining a trend of progressively decreasing sulfidation state of acid hydrothermal fluids with time at any given location within the hydrothermal system. The association of minor amounts of very fine-grained chalcopyrite with tennantite–tetrahedrite as overgrowths to or replacement of enargite–luzonite is consistent with the interpreted decreasing hydrothermal fluid sulfidation state. Sphalerite, locally abundant in association with the tennantite–tetrahedrite, formed about or after luzonite–enargite, also formed as a component of the physio-chemically evolving acid hydrothermal system

• Silver is mostly identified (from electron microprobe analyses and reflected light optical properties) as a component of the complex antimony- and lead-bearing and bismuth-rich sulfosalts which span the enargite–luzonite through to predominant tennantite–tetrahedrite paragenesis. It would appear that silver is poor in early bismuth-rich sulfosalts and rich in the later bismuth-rich sulfosalts that are mostly associated with tennantite/tetrahedrite. Silver mineralization therefore is also genetically associated with the evolving high-sulfidation system. Only minor to trace amounts of argentite are associated with tennantite–tetrahedrite and sphalerite.

Distinctive metal zonation patterns are recognized at Yaxtché. Patterns are broadly defined as a copper–gold assemblage at lower elevations, transitioning upwards into a silver–lead–zinc– barium–antimony metal assemblage at higher elevations. These zonation patterns suggest that physio-chemical gradients had a significant control on localization of silver bearing mineral assemblages. Corbett (2012) proposed that sites of bonanza grade silver mineralization may be a product of fluid mixing along structures as silver-bearing fluids mixed with low pH steam heated waters collapsing down faults.


Mining Methods

  • Post Pillar Cut & Fill


Summary:

Preliminary work was performed on four possible mining systems: post-pillar cut-andfill, transverse with pillars, transverse with cemented fill, and sublevel with end slicing.

The post-pillar cut-and-fill mining method was selected for the PEA evaluation.

This mining method relies on using 5 m x 5 m rooms and 5 m x 5 m square pillars. The pillars of one level are planned to align vertically with the next mining level to provide support. Mining starts at the lowest elevation in a mining area and is completed working upward. Some pillars can be extracted when they occur in an area of the stope where there will be no mining above.

Productivity calculations and unit costs for the final selection of a post-pillar cut-and-fill mine plan are based on the following criteria:

• Two 10 hr shifts per day, which yield 16 hr of actual work time
• The ground is considered medium–hard for the drilling and blasting variable
• Drilling of 18 ft (5.5 m) holes (providing 16.6 ft (5.1 m) of advance) with a two-boom production jumbo. Hydraulic drifter (drill) penetration rate is assumed to be 3.5 ft/min (1.1 m/min)
• No standard ground support is indicated; however, 1.5 hr per cycle is allotted for ground control (e.g. rock bolting), spot bolting or other cycle interruptions
• Blasting will be carried out using gelatin-class dynamite and ammonium nitrate/fuel oil (ANFO) as the primary blasting agent. Non-electric (non-el) type detonating systems would be used
• Stope areas will be ventilated with 75,000 ft3/min (2,123.8 m3/min) fans and 42 in (106.7 cm) flexible brattice ducts
• Mucking will be conducted using 7 yd3 (5.4 m3) load-haul–dump (LHD) units. Fill placement will be done by the same mucking units in conjunction with an LHD setup with a rammer for ensuring the fill is tightly compacted before excavating the next cut (above)
• Jumbo availability is assumed to be 85% with a 4 hr repair interruption resulting in a 7.4 hr cycle that includes 2.5 hr for travel and other non-productive time
• LHD availability is estimated at 85% with a 2 hr maintenance and repair period resulting in a 3.3 hr mucking cycle per blasted heading that includes ¾ hr for travel and utilization
• The blasting cycle is seven hours, which includes one hour for travel and lack of utilization.

A typical stope (section) area is predicted to have a production of 1,400 t/d (1,200 t/d of mill feed material and 200 t/d of waste). Backfilling and access development are not on the critical path. The typical stope level will have 98 m of linear development, which results in an average of 200 t/d of internal stope waste development. Analysis of the level plans show that an average of 55% of the room excavations use a horizontal breasting technique.

The drilling task of the excavation cycle will have the longest cycle time of the three components (drill, blast, muck) of a complete production cycle. The drilling cycle dictates the stope output, assuming a single drill unit per stope area (based on the typical stope areas). Drill jumbos selected for the stopes are capable of completing two room cycles per day, and 2.4 breast cycles per day (for a combined 700 t/d of broken material). A single blasting unit will produce 800 t/d. A single 7 yd3 (5.4 m3) LHD unit can produce 1,359 t/d.

Two active stopes are required to satisfy the production requirement of 1,200 t/d. Advance rates of 2.7 m/d of main development (e.g. ramp, accesses) are required to sustain the daily production rate.


Crushing and Grinding


Processing

  • Flotation

Flow Sheet: Subscription required

Summary:

The processing facility flowsheet was developed to recover silver from the Yaxtché sulfide deposit. The current design basis is set to process 1,200 t/d of mineralized material from the underground mine for the production of a bulk silver concentrate by conventional crushing (two stages), grinding (single stage) and flotation (rougher [two stages] and cleaners [five stages]) techniques. Testwork completed by DML and JKTech was used as the basis for the design of the process plant. The results of DML’s 2012 locked cycle flotation testwork was Samuel Engineering’s primary data source. This testwork included only two cleaner stages for producing the bulk silver concentrate. Samuel Engineering modeled the mass balance for the process plant to include five cleaner stages in order to produce a marketable, high-grade bulk silver concentrate of about 11.5 kg/t Ag.

Run-of-mine (ROM) mineralized material would be fed to the comminution circuit. Comminution would be accomplished by two ........

Recoveries & Grades:

CommodityParameterAvg. LOM
Silver Recovery Rate, %  ......  Subscription required
Silver Head Grade, g/t 409
Silver Concentrate Grade, g/t  ......  Subscription required
Subscription required - Subscription is required.

Projected Production:

CommodityProductUnitsAvg. AnnualLOM
Silver Concentrate kt 78
Silver Payable metal koz 27,572
Silver Metal in concentrate koz 4,83729,023
Silver Metal in ore koz 32,192

Operational Metrics:

Metrics
Daily mining rate 1,400 t *
Daily ore mining rate 1,200 t *
Ore tonnes mined, LOM 2,447 kt *
Daily processing capacity 1,200 t *
Annual mining rate 420,000 t of ore *
* According to 2018 study.
Subscription required - Subscription is required.

Reserves at February 26, 2018:

CategoryTonnage CommodityGradeContained Metal
Indicated 2.93 Mt Silver 482 g/t 45.3 M oz
Inferred 0.31 Mt Silver 417 g/t 4.1 M oz

Commodity Production Costs:

CommodityUnitsAverage
Cash costs Silver USD 5.77 / oz *
All-in sustaining costs (AISC) Silver USD 9.45 / oz *
Assumed price Silver USD 16.7 / oz *
* According to 2018 study / presentation.

Operating Costs:

Units2018
UG mining costs ($/t mined) USD 43.5 *
Processing costs ($/t milled) USD  ......  Subscription required
Total operating costs ($/t milled) USD  ......  Subscription required
* According to 2018 study.
Subscription required - Subscription is required.

2018 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscription required
Sustaining CapEx $M USD  ......  Subscription required
UG OpEx $M USD  ......  Subscription required
Processing OpEx $M USD 33.2
G&A costs $M USD 19.5
Total OpEx $M USD  ......  Subscription required
Mining Taxes $M USD  ......  Subscription required
Income Taxes $M USD  ......  Subscription required
After-tax Cash Flow (LOM) $M USD  ......  Subscription required
After-tax NPV @ 5% $M USD  ......  Subscription required
After-tax NPV @ 10% $M USD  ......  Subscription required
After-tax NPV @ 8% $M USD  ......  Subscription required
After-tax IRR, %  ......  Subscription required
After-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.

Proposed Heavy Mobile Equipment as of September 4, 2018:
HME TypeSizeQuantity
ANFO Loader 3
....................... Subscription required 3
....................... Subscription required ....................... Subscription required 4
....................... Subscription required 12
Subscription required - Subscription is required.

Subscription required - Subscription is required.


Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2019
Preliminary Economic Assessment 2018
Press Release 2018
Technical Report 2018
Subscription required - Subscription is required.

News:

NewsDate
Golden Minerals Signs Earn-In Agreement With Barrick Gold Corporation at El Quevar April 13, 2020
Golden Minerals Finds New Silver Zone and Reports Drill Results From El Quevar 2019 Drill Campaign September 12, 2019
Golden Minerals Announces SEDAR Filing of PEA for El Quevar Silver Project October 17, 2018
Golden Minerals Reports Positive Preliminary Economic Assessment for El Quevar Silver Project September 5, 2018

Aerial view:

Subscription required - Subscription is required.

Terms of Use Privacy Policy © 2020 MDO Data Online Inc.