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Canada
Point Rousse Operation (Pine Cove Mine, Stog’er Tight Project)

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 Location:
5 km NE from Baie Verte, Newfoundland and Labrador, Canada

  Address:
232 Highway 410
PO Box 238
Baie Verte
Newfoundland and Labrador, Canada
A0K 1B0
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WebsiteWeb
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Sales
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

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Overview

StageProduction
Mine TypeOpen Pit
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start...
Mine Life2022
November 1, 2022 - As a result of Signal Gold Inc. (Company) primary focus on the development of its Goldboro Gold Project in Nova Scotia, the Company has decided it will not proceed at this time with the development of the Stog'er Tight Project. Company will be winding down the Point Rousse operation after the completion of mining at Argyle. Point Rousse expects the processing of Argyle ore to continue into early 2023 before transitioning to care and maintenance.
Latest NewsSignal Gold Files Updated Mineral Reserves for the Stog'er Tight Deposit at the Point Rousse Project     December 20, 2022


Owners

Source: p. 6
CompanyInterestOwnership
Signal Gold Inc. 100 % Indirect
The Anaconda Mining owns 100% of the Point Rousse Operation.

Contractors

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Deposit Type

  • Vein / narrow vein
  • Orogenic


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.

Pine Cove Mine
The geological setting of the Pine Cove Mine area is characterized by greenschist facies mafic volcanic and volcaniclastic rocks, clastic sedimentary rocks and ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

There has been continuous mining and gold production at the Point Rousse Project since 2009 primarily from the Pine Cove Mine but also from the Stog’er Tight and Argyle Mines. Commercial Production began at the Pine Cove Mine on September 1, 2010. Mining at the Pine Cove Mine concluded in October of 2020 with a total of 154,540 ounces produced. Mining at Stog’er Tight produced 18,318 ounces from mining activity from 2016 to 2019.

ARGYLE MINE
The Argyle Mine is an open pit mine consisting of traditional drill and blast operations followed by transport of ore by haul trucks to the crusher run of mine pad and transport of waste to the waste rock piles. On average, between 10,000 and 12,000 tpd of waste and ore is mined.

Anaconda employs its own technical staff (engineering and geological) who plan and supervise the mining operations. They are responsible for all day-to-day operations including grade control, blast design and layout, surveying, and environmental monitoring. Longer term planning is done in conjunction with Mine and Engineering Superintendent (mine engineer). Other technical support, such as resource/reserve estimates and geotechnical studies relating to slope stability and tailings pond design, is contracted as needed.

Anaconda uses a local contract miner, Guy J. Bailey Ltd. (“Bailey”), which operates on a single 1210-hour dayshift, 7 days a week. The primary equipment fleet includes seven John Deere 410E trucks (38 tonnes) ........


Crushing and Grinding
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Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Production:

CommodityUnits2022202120202019201820172016
Gold oz  ......  Subscription required ^  ......  Subscription required  ......  Subscription required  ......  Subscription required20,14915,56615,818
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.
Subscription required - Subscription is required.

Operational Metrics:

Metrics202120202019201820172016
Ore tonnes mined  ......  Subscription required  ......  Subscription required413,139 t328,291 t432,081 t397,821 t
Waste  ......  Subscription required  ......  Subscription required1,771,408 t1,288,306 t2,197,251 t2,421,880 t
Stripping / waste ratio  ......  Subscription required  ......  Subscription required4.3 3.9 5.1 6.1
Daily milling capacity  ......  Subscription required  ......  Subscription required1,300 t1,300 t1,300 t1,200 t
Annual milling capacity  ......  Subscription required  ......  Subscription required400,000 t400,000 t400,000 t400,000 t
Tonnes processed  ......  Subscription required  ......  Subscription required391,714 t461,439 t423,204 t387,694 t
Total tonnes mined  ......  Subscription required  ......  Subscription required2,184,547 t1,616,597 t2,629,332 t2,819,701 t
Daily milling rate  ......  Subscription required  ......  Subscription required1,248 t1,317 t1,223 t1,134 t
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Reserves at September 1, 2021:
Parameters for the Point Rouse Mineral Resource Estimate include a 0.56 g/t gold cut-off grade for Argyle, a 0.59 g/t gold cut-off grade for Stog’er Tight, and a 0.55 g/t gold cut-off grade for the Pine Cove Stockpile.

CategoryTonnage CommodityGradeContained Metal
Probable 676,955 t Gold 1.68 g/t 36,465 oz
Indicated 1,226,655 t Gold 2.55 g/t 100,445 oz
Inferred 53,500 t Gold 5.6 g/t 9,650 oz

Commodity Production Costs:

CommodityUnits2022202120202019201820172016
Total cash costs (sold) Gold CAD  ......  Subscription required ^†  ......  Subscription required†  ......  Subscription required†  ......  Subscription required† 978 / oz†   1,126 / oz†   1,091 / oz†  
All-in sustaining costs (sold) Gold CAD  ......  Subscription required†  ......  Subscription required†  ......  Subscription required† 1,392 / oz†   1,735 / oz†   1,648 / oz†  
^ Guidance / Forecast.
† Net of By-Product.
Subscription required - Subscription is required.

Operating Costs:

Units2017
Total operating costs ($/t milled) CAD 53

Financials:

Units2022202120202019201820172016
Capital expenditures (planned) M CAD  ......  Subscription required
Revenue M CAD  ......  Subscription required  ......  Subscription required  ......  Subscription required 31.7   25.7   24.4  
Operating Income M CAD  ......  Subscription required  ......  Subscription required  ......  Subscription required 5.9   0.9   3.2  
EBITDA M CAD  ......  Subscription required  ......  Subscription required  ......  Subscription required 12.2   8   7  
Subscription required - Subscription is required



Heavy Mobile Equipment as of September 12, 2021:
HME TypeModelSizeQuantityLeased or
Contractor
Dozer (crawler) ....................... Subscription required ....................... Subscription required Leased
Dozer (crawler) ....................... Subscription required ....................... Subscription required Leased
Drill (blasthole) ....................... Subscription required ....................... Subscription required Leased
Drill (blasthole) ....................... Subscription required ....................... Subscription required Leased
Drill (blasthole) ....................... Subscription required ....................... Subscription required Leased
Excavator ....................... Subscription required 3.1 cu. yd ....................... Subscription required Leased
Excavator ....................... Subscription required 1.9 cu. yd ....................... Subscription required Leased
Excavator ....................... Subscription required 4.1 cu. yd ....................... Subscription required Leased
Excavator ....................... Subscription required 1.56 cu. yd ....................... Subscription required Leased
Excavator ....................... Subscription required 4.18 cu. yd ....................... Subscription required Leased
Rockbreaker ....................... Subscription required Leased
Truck (fuel / lube) ....................... Subscription required 38 t ....................... Subscription required Leased
Truck (fuel / lube) ....................... Subscription required 38 t ....................... Subscription required Leased
Truck (haul) ....................... Subscription required 38 t ....................... Subscription required Leased
Truck (haul) ....................... Subscription required 29 cu. yd ....................... Subscription required Leased
Truck (haul) 27 t ....................... Subscription required Leased
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Mar 9, 2022
....................... Subscription required ....................... Subscription required Subscription required Mar 9, 2022
....................... Subscription required ....................... Subscription required Subscription required Mar 9, 2022
....................... Subscription required ....................... Subscription required Subscription required Mar 9, 2022
Subscription required - Subscription is required.

Staff:

EmployeesContractorsTotal WorkforceYear
Subscription required Subscription required Subscription required 2021
Subscription required Subscription required Subscription required 2020

Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2019
Annual Information Form 2018
Corporate Presentation 2018
Management Discussion & Analysis 2018
Press Release 2018
Annual Information Form 2017
Annual Information Form 2017
Fact Sheet 2017
Financial Review 2017
Management Discussion & Analysis 2017
Management Discussion & Analysis 2017
Technical Report 2017
Annual Information Form 2016
Corporate Presentation 2016
Financial Review 2016
Management Discussion & Analysis 2016
Management Discussion & Analysis 2015
Management Discussion & Analysis 2015
Technical Report 2015
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News:

NewsDate
Signal Gold Files Updated Mineral Reserves for the Stog'er Tight Deposit at the Point Rousse Project December 20, 2022

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