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New Zealand

Macraes Mine

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Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Macraes open pit production runs in parallel with the underground operations, with all ore being processed through the Macraes processing plant.

As of 2024, open pit mining has come from thirteen pits comprising (from north to south), Coronation North, Coronation, Deepdell North, Deepdell South, Golden Point, Northwest Pit, Round Hill, Southern Pit, Innes Mills, Innes Mills West, Frasers, Golden Ridge and Golden Bar. Current operations are based in the Innes Mills pits. The bulk of the future open pit tonnage from the Macraes Operation will be sourced from the Innes Mills deposit.

Owners

SourceSource
CompanyInterestOwnership
OceanaGold Corp. 100 % Indirect
The Macraes Operation is controlled by OceanaGold Corporation through its wholly owned subsidiary Oceana Gold (New Zealand) Ltd.

Contractors

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Deposit type

  • Orogenic
  • Vein / narrow vein
  • Breccia pipe / Stockwork

Summary:

The Macraes gold deposits are in a major, low-angle (~15-20°) structure known as the Hyde Macraes Shear Zone (HMSZ). This regionally continuous, late metamorphic deformation zone cuts greenschist facies metasedimentary rocks of the Otago Schist.

Mineralisation within the HMSZ is hosted within lower greenschist facies metamorphosed, pelitic to psammitic sediments that are variably altered, deformed, and mineralized. This package of schist, known as the Intrashear Schist, is bounded above by the Hangingwall Shear, and below by the Footwall Fault, and can be up to 150 m thick. The thickest parts of the HMSZ comprise multiple, stacked shears and associated quartz vein arrays. The shears have ductile deformation textures overprinted by cataclasis (Craw et al., 1999). The Hangingwall shear, which is the most continuous and intensely mineralised structure, can be up to 25 m thick and is commonly darker coloured due to fine grained graphite and sheared sulphide minerals (McKeag et al., 1989).

There is a strong empirical correlation between gold, arsenic, scheelite, silicification and deformation intensity within the HMSZ. Gold-scheelite-pyrite-arsenopyrite mineralisation is associated with replacement and fissure quartz veins within post-metamorphic shear zones. Shear-parallel quartz veins and cataclastic shears contain the highest gold and scheelite grades (Lee et al. 1989). Dore is typically comprised of 5% silver.

The Coronation and Coronation North deposits are located five kilometres to six kilometres to the northeast of the processing plant. Coronation consists of a 15 to 20 degrees dipping HWS that is between three metres and ten metres thick. Unlike deposits to the south, there is very little development of stockwork mineralization beneath the HWS. Located one kilometre to the north of Coronation is the Coronation North deposit, which was discovered in 2015. Coronation North differs from previously mined ore bodies along the HMSZ and comprises a high-grade zone of ENE plunging mineralization associated with a left-hand lateral bend in the strike of the HWS.

The Innes Mills open pit is centred on mining the HWS and subparallel stacked lenses beneath. In outcrop, the shears typically dip 15 to 20 degrees to the east and are approximately five metres thick. Within the open pit, gold mineralization comprises mineralized schist and cataclasite, shear-parallel quartz veins and arrays of sub-vertical quartz veins.

Erratic mineralization locally occurs between the base of the HWS and the Footwall Fault. At the resource drilling stage, this mineralization manifests as poorly developed clusters of elevated gold grades, which often appear discontinuous. During mining, however, these typically present as zones of quartz vein arrays and mineralized shears. The Footwall Fault lies between 80 metres and 120 metres below the HWS and is identified as a cataclastic zone up to ten metres thick. To date, no economic mineralization has been located below the Footwall Fault.

Mineralisation
The Macraes deposit is a classic example of an orogenic style gold deposit, with mineralisation broadly synchronous with deformation, metamorphism, and magmatism during lithospheric-scale continental-margin orogeny. Most orogenic gold deposits like Macraes occur in greenschist facies rocks. Orogenic deposits typically formed on retrograde portions of pressure-temperature time paths during the last increments of crustal shortening, and thus postdate regional metamorphism of the host rocks. The following four types of mineralisation occur within the HMSZ at Macraes:
(a) Mineralised schist. This style of mineralisation involves hydrothermal replacement of schist minerals with sulphides and microcrystalline quartz. Mineralisation is accompanied by only minor deformation;

(b) Black sheared schist. This type of schist is pervaded by small scale anastomosing fine graphite, and sulphide bearing microshears. This type of mineralisation is typically proximal to the hangingwall shear;

(c) Shear-parallel quartz veins. These veins lie within, and/or, adjacent to the black sheared schist and have generally been deformed with the associated shears. The veins locally crosscut the foliation in the host schist at low to moderate angles. Veins are mainly massive quartz, with some internal lamination and localised brecciation. Sulphide minerals are scattered through the quartz, aligned along laminae and stylolitic seams. These veins range from 1 centimetre to more than 2 metres; and

(d) Stockworks. These veins occur in localised swarms that are confined to the intrashear schist. Individual swarms are up to 2,000 square metres in area and consist of numerous subparallel veins. Most of these veins formed sub perpendicular to the shallow east dipping shear fabric of the intrashear schist. Stockwork veins are typically traceable for 1 metre to 5 metres vertically with most filling fractures that are 5 centimetres to 10 centimetres thick but can be up to 1 metre thick.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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EV - Electric

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

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Operational metrics

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Production Costs

Commodity production costs have not been reported.

Operating Costs

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Personnel

Mine Management

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Workforce

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Aerial view:

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