Analysis of Geological Mapping Data at the Cononish Gold-Silver Mine, Perthshire, Scotland

The Cononish gold-silver deposit is a steep, relatively narrow quartz-vein system, with a current total mineral resource of 154 000 oz Au and 589 000 oz Ag. The northeast-southwest trending system was emplaced into late Proterozoic metasediments, and postdates metamorphism and associated Caledonian Orogenic foliations. Assay and mineralogical data show that gold and silver is spatially associated with sulfides in quartz. The main sulfide is pyrite, but galena, chalcopyrite and sphalerite occur in small amounts. Gold occurs as electrum, with minor native gold, and silver occurs additionally as tellurides and native metal. The gold/electrum is fine-grained, generally less than 100 microns in size. The main ore shoots plunge 45¦ south-west, have a 40 m to 80 m intersection with the existing underground development and extend between 40 m and 260 m down plunge. Small-scale sulfide-bearing domains within the vein carry the highest gold grades. They collectively define the ore shoots, where one or two, and rarely three, of the domains are present at an individual site in the vein. Discontinuity of individual domains, variation in domain thickness and internal heterogeneity results in short scale variation in grade across the structure. Geological mapping along a 1.2 km exploration adit has provided critical æconditioningÆ data to support resource evaluation based on development and relatively wide spaced drilling. In addition, it has provided an indication of potential challenges that could be encountered during production.