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 ........

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) ........

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