Geology And Mineralization Of The Santa Rosa Gold Deposits, Panama

Santa Rosa is a mid-Tertiary, volcanic-hosted, gold-silver deposit. Current proven and probable reserves are 8.9 Mt (9.8 million st) grading 1.5 g/t (0.044 oz/ st) gold, minable by open pit and amenable to heap leaching. It is the product of hydrothermal mineralization along an arcuate segment of a caldera collapse ring fault in a probable maar volcanic setting. This segment was later broken by radial faults. Gold at Santa Rosa occurs principally as electrum, finely disseminated through intermediate tuffs, and associated with pyrite. The nearby Alto de la Mina deposit displays stockwork silica-pyrite-gold in a tectonically and hydrothermally shattered andesite flow. Miocene epithermal mineralization was accompanied by central silicification and pyritization and more distal argillization. An andesite flow cap rock at Santa Rosa played a pivotal role as an upward permeability barrier. Highest gold grades and most intense alteration occur closest to the ring faults and immediately beneath the andesite flow. Supergene alteration effects on the gold distribution are minimal.