The Deposit is a turbidite-hosted orogenic gold deposit hosted within a sequence of alternating argillites and greywacke metamorphosed to greenschist facies. These deposit types are typically characterized by the formation of gold bearing quartz veins within the argillite units, commonly referred to as mineralized Belts, that are interbedded with greywacke units. There are currently 68 stacked mineralized Belts ranging in thickness from 1 m to 20 m in the Deposit. The metasedimentary units on the Property are folded into the tight, gently east-plunging Upper Seal Harbour Anticline and gold mineralization has typically been deposited at various positions and times during the fold formation process. Veins, which form during deformation, occur in three major geometries commonly referred to as reefs: saddle reefs, leg reefs, and spur reefs. Saddle reefs occur about the apex of the fold and are the dominant vein types within some deposits. Leg reefs extend down the limbs of the fold, beyond the saddle reef, and are generally parallel with the metasedimentary layers. These are also commonly termed BP veins in the Nova Scotia goldfields. Spur reefs are veins that cross between layers and may be in the apex of the fold or on its limbs. This style of vein is in part captured under the term “angular” in the Nova Scotia goldfields.

The Deposit contains all three types of reefs outlined above but is also characterized by mineralization within the argillite forming the Belts. B ........

The operation scenario studied for the FS involves:
• Open Pit mining at an average mining rate of 12.8 Mt per year.
• Gold process facility with a 1.46 Mtpa (4,000 t/d) capacity.
• Approximate 6-month ramp up period in Year 1 (YR1) for process facility.
• 1-year pre-production mining period to coincide with Tailings Management Facility Initial Stage development.

The FS is based on a conventional truck-shovel open pit mining operation within two pits. The open pit production period is approximately 10.9 years with 1 year of pre-production (prior to process plant start-up).

Waste Rock Disposal Design
Waste rock generated from the open pit will require the development of waste rock storage areas. The waste generated from the open pit includes waste rock, till, historical tailings, and topsoil and organics.

The proposed mine plan will generate approximately 126.8 million tonnes of waste material, which includes overburden. Assuming a swell factor of 30%, a volume of 61.7 million m3 of waste storage is required.

Open Pit Mining Operation
A mining contractor would be responsible, with the guidance of the Company technical staff, to provide suitable equipment and operational procedures to meet the target production. The mining equipment will depend on the available equipment of the selected mining contractor.

Drilling is expected to be performed on eight-metre benches. For ore-control may be excava ........

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