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By S. G. Zahony

The Moris gold deposit resides in a massive ridge-forming sulfide-poor epithermal quartz and calcite vein system and consists of a mineable reserve of four million tons of 2.1gm Au/ton. Post-mineral normal faulting along the hanging wall of the main fissure has caused a hogback-like exposure of the vein, allowing for inexpensive opencut mining. The vein formed between pre-Cretaceous(?) phyllitic clastic sedimentary units in the footwall and Tertiary andesitic volcanic rocks in the hanging wall. Part of the ore reserve is hosted in a Tertiary conglomerate that rests unconformably atop the phyllitic footwall sequence. The original unoxidized vein material contained substantially less than 1 gram Au/ton. A four-fold upgrading of gold occurred by enrichment when gold recrystallization took place in the electric fields of oxidizing pyrite cubes.

Jan 1, 1993

By G. Chi

Outline 1.Regional geologic setting 2.Host rocks and structures 3.Mineralization, alteration and paragenesis 4.Geochronology 5.Major and trace elements 6.Fluid inclusions 7.Carbon and oxygen isotopes 8.Conclusions

Apr 1, 2005

The Porgcra gold deposit is an epithermal gold base-metal deposit located in the Enga Province of Papua New Guinea. Gold-silver- spha le rite-galena-pyrite mineralization is related to stocks and dykes of dioritic composition which have intruded a series of folded marine sediments, mainly shales and siltstones, often with calcareous and carbon- aceous horizons, of middle Jurassic to middle Eocene age. The most intensely mineralized zone is at Waruwari Hill, where the mineralization occurs predominantly as massive mixed sulphide veins, and less frequently as quartz-chlorite veins and as disseminations. Mineralization occurs in all rock types and several phases of mineralization have been Recognized.

Jan 1, 1980

By M. J. McLeod, S. Watters, G. G. Lutes, S. Castonguay

"Gold-bearing mineralization at Anomaly A occurs in polydeformed Ordovician turbidites of the Kendall Mountain Formation of the St. Croix belt in southwestern New Brunswick, and is hosted by WSWtrending, shallow-dipping, brittle-ductile high-strain zones associated with the latest stage of the second of four regional deformation events. Gold-bearing syn-deformational stockwork, massive, and multiply brecciated quartz-sulfide veined zones form irregular pods and sheets up to several meters thick, which contain arsenopyrite, pyrrhotite, pyrite, stibnite, and a variety of rare minerals that are gold-bearing. Mineralized zones are enveloped by locally auriferous, weakly to intensely altered wall rock. Vein paragenesis includes: (1) early (pre- to syn-D2) quartz-chlorite veins that are largely the product of migration of quartz by pressure solution; (2) crosscutting, multiphase, vuggy quartz-sulfide veins that contain most of the gold and are interpreted to be structurally controlled; (3) late, crosscutting, nondeformed, non-gold-bearing veins containing laumontite, chlorite, muscovite, quartz, fluorite, and base metal sulfides. Carbonate-poor alteration associated with zones of gold mineralization is lithology-specific, and appears to reflect overprinting of multiple events. Major elements removed during alteration include Si, Na, Mn, and Mg. The minor and trace elements removed include Co, Li, Sc, and possibly Sr, Ni, and Zn. Minor and trace elements added include Au, Ag, As, Sb, S, and possibly F, Cu, Pb, and Zr. On the basis of proximity, time constraints, and a similar ore mineral assemblage, gold mineralization at Anomaly A is interpreted to be a distal equivalent of the intrusion-related gold mineralization at the nearby Clarence Stream Main zone deposit. La minéralisation aurifère de l’Anomalie A se trouve dans des turbidites Ordoviciennes polydéformées de la Formation de Kendall Mountain, dans la ceinture de Ste-Croix du sud-ouest du Nouveau Brunswick, où elle est contenue dans des zones de déformation fragile-ductile à faible pendage de direction OSO associées au dernier stade du second de quatre épisodes de déformation régionale. Les zones aurifères syn-déformationelles se présentent en forme massive, de stockwork, ou de veines de quartz-sulfure bréchifiées à répétition formant des lentilles irrégulières et des couches de plusieurs mètres d’épaisseur contenant de l’arsénopyrite, de la pyrrhotite, de la pyrite, de la stibine, ainsi que divers minéraux aurifères rares. Les zones minéralisées sont entourées d’une enveloppe de roches faiblement à intensément altérées, localement aurifères. La paragénèse des veines comprend : (1) des veines précoces de quartz-chlorite (pré- à syn-D2) qui sont principalement le produit de la migration du quartz par solution-pression; (2) des veines polyphasées de quartz drusique et de sulfures contenant la plus grande partie de l’or, celles-ci sont considérées comme étant sujettes à un contrôle structural; (3) des veines tardives stériles, sécantes et non déformées contenant de la laumontite, de la chlorite, de la muscovite, du quartz, de la fluorite et des sulfures de métaux usuels. Les zones de minéralisation aurifère sont associées à une faible altération en carbonate contrôlée par la lithologie et semble résulter de la superposition d’événements multiples. Les éléments majeurs perdus durant l’altération sont le Si, le Na, le Mn et le Mg. Les éléments mineurs et traces perdus durant l’altération sont le Co, le Li, le Sc et possiblement le Sr, le Ni et le Zn. Les éléments mineurs et traces enrichis comprennent l’Au, l’Ag, l’As, le Sb, le S et possiblement le F, le Cu, le Pb et le Zr. Étant donné sa proximité géographique, les contraintes temporelles et les similitudes de leurs assemblages minéraux, la minéralisation aurifère de l’Anomalie A est interprétée comme un équivalent distal de la minéralisation aurifère associée aux intrusions du gisement avoisinant de la zone principale (Main"

Jan 1, 2008

By Gordon Nelson

The Homestake gold mine is one of the largest and oldest continuously operating gold mines in orth Ame rica. To date this mine has produced in excess of 128.000.000 tons of ore containing almost 34 million ounces of gold . Gold mine ralization is restricted to the Homestake Formation. This unit is a metamorphosed iron-formation which is enclosed by pellitic metasedime nts below (Poorman Formation) and a pellitic to qua rt zitic unit (Elli son Formation) above. The e ntire Precambrian sequence. in the Lead area. has been subjected to a multi-stage defo rmation episode which ha c reated an extremely complex structural setting for the Homestake orebodies. Metamorphic grade inc reases from greenschi st ro amphibolite in a northeast d irecti on acros the mine area. Present thickness of the Home take fo rmation va ric from O to »400 fee t. The amount of thicke ning and th inning which is attributable to tectonic deformation or original sedimenta ry di fferences is not known. Orebodies constitute onl y a small pe rcentage of the Homestake Formation and do not occur along a pa rticul ar stratigraphic pos ition within the unit. Gold i assoc iated with inc reased py rrhotite and a rsenopyrite concentrations within the iron formation. Inc reased \ cin qua rt z development and chl oritic alteration usuall y accompany this minerali zation. Local remobilizati on of mine ralization due to metamorphi sm has occurred. Homestake mine ralization has been shown to be of sy ngeneti c origin . Because no feeder zones have yet been recognized a di stal source for the mine ralization is inferred .

Jan 1, 1986

By E. G. Charlesworth, M. J. Robertson

"Abstract - Gold mineralization in the Main Reef Complex at Sheba Gold Mine is hosted within shear zones in a sequence of shales and greywackes of the Fig Tree Group. Competency contrasts between these rocks and a steeply dipping chert unit provided a locus for the development of right lateral steeply dipping shear zones. A set of flatter dipping shear fractures crosscut these zones with their intersections defining a system of en échelon ore shoots.Mineralization is both of vein type and disseminated strata-controlled replacement type. The latter occurs mainly within the wall rocks to the shear zones. Arsenopyrite and pyrite are the major sulfides, with arsenopyrite being confined largely to greywacke beds and pyrite to the more iron-rich shale units. Gold was introduced, together with minor sphalerite, pyrrhotite, chalcopyrite and early arsenopyrite, toward the end stages of a first pyrite phase. The mineralizing fluids were introduced along dilated cleavage planes and, emanating from these, produced a series of replacement fronts. Mineralization was syntectonic to late tectonic and occurred under conditions of progressive deformation, resulting in sulfides which are concentrated in the hinges of shear-related folds and semi­ massive sulfides within tension fractures which are folded, attenuated and fractured .An analysis of the structures shows a sequence of events in which an initial ductile simple-shear event with a steep sense of movement was succeeded by a more brittle strike-slip event. Mineralization is temporally related to the latter. This evolution in structural style was probably related to reactivation of the Sheba Fault as a transcurrent fault during emplacement of large granitoid bodies."

Jan 1, 1994

By R. S. James, S. P. Goff, A. E. Armitage

"Abstract - Oxide-facies banded iron formation in the Third Portage Lake area is hosted by ultramafic and calc-alkaline volcanic rocks and related sedimentary rocks of the Archean (2.8 Ga) Woodburn Lake Group, 80 km north of Baker Lake. These rocks record at least two phases of metamorphism/ metasomatism. Greenschist facies metamorphism, in the temperature range of 370°C to 520°C and at pressures above 2.3 kbar, has affected all rocks on a regional scale. Later mineralization and alteration of banded iron formation (BIF) and associated volcanic rocks resulted from metasomatic fluids which carried Mg, K, Ca, S, As, Cu and Au. These fluids were confined to ductile to brittle, cross-cutting and layer-parallel micro-shears developed in the thickened hinge region of a shallow plunging recumbent fold. Metasomatic reactions yielded cummingtonite + biotite-bearing assemblages which are associated with strongly mineralized iron formation. Pyrrhotite is the dominant sulfide phase and occurs within ductily deformed iron formation where it pervasively replaces magnetite. Minor fine-grained chalcopyrite and arsenopyrite generally occur as inclusions within pyrrhotite and recrystallized magnetite, and rarely as individual grains. Pyrite is restricted to brittlely deformed iron formation, and to the contact between iron formation and altered ultramafic rocks, where it is associated with quartz veins. Pyrite typically replaces pyrrhotite. Native gold is associated with both pyrrhotite and pyrite, but higher gold concentrations are associated with pyrite. Grunerite/Ca-amphibole + stilpnomelane and sparse pyrrhotite and pyrite characterize weakly mineralized iron formation. Within adjacent ultramafic rocks, metasomatic reactions yielded assemblages of interlayered Ca-amphibole + biotite, and talc + Ca-amphibole + carbonate + biotite. K-Ar geochronology on metasomatic biotite from mineralized BIF yielded a 1791 ± 32 Ma age.An epigenetic model is favored for the emplacement of gold. The age of the gold mineralization in the Third Portage Lake area is uncertain, but may be Proterozoic based on the preliminary isotopic age and by analogy with Proterozoic gold deposits elsewhere in this part of the Churchill Structural Province."

Jan 1, 1996

By R. S. James, S. P. Goff, A. E. Armitage

"Oxide-facies banded iron formation in the Third Portage Lake area is hosted by ultramafic and calc-alkaline volcanic rocks and related sedimentary rocks of the Archean (2.8 Ga) Woodburn Lake Group, 80 km north of Baker Lake. These rocks record at least two phases of metamorphism/ metasomatism. Greenschist facies metamorphism, in the temperature range of 370°C to 520°C and at pressures above 2.3 kbar, has affected all rocks on a regional scale. Later mineralization and alteration of banded iron formation (BIF) and associated volcanic rocks resulted from metasomatic fluids which carried Mg, K, Ca, S, As, Cu and Au. These fluids were confined to ductile to brittle, cross-cutting and layer-parallel micro-shears developed in the thickened hinge region of a shallow plunging recumbent fold. Metasomatic reactions yielded cummingtonite + biotite-bearing assemblages which are associated with strongly mineralized iron formation. Pyrrhotite is the dominant sulfide phase and occurs within ductily deformed iron formation where it pervasively replaces magnetite. Minor fine-grained chalcopyrite and arsenopyrite generally occur as inclusions within pyrrhotite and recrystallized magnetite, and rarely as individual grains. Pyrite is restricted to brittlely deformed iron formation, and to the contact between iron formation and altered ultramafic rocks, where it is associated with quartz veins. Pyrite typically replaces pyrrhotite. Native gold is associated with both pyrrhotite and pyrite, but higher gold concentrations are associated with pyrite. Grunerite/Ca-amphibole + stilpnomelane and sparse pyrrhotite and pyrite characterize weakly mineralized iron formation. Within adjacent ultramafic rocks, metasomatic reactions yielded assemblages of interlayered Ca-amphibole + biotite, and talc + Ca-amphibole + carbonate + biotite. K-Ar geochronology on metasomatic biotite from mineralized BIF yielded a 1791 ± 32 Ma age.An epigenetic model is favored for the emplacement of gold. The age of the gold mineralization in the Third Portage Lake area is uncertain, but may be Proterozoic based on the preliminary isotopic age and by analogy with Proterozoic gold deposits elsewhere in this part of the Churchill Structural Province. Copyright"

Jan 1, 1996

By David J. Lowell

The gold content of porphyry copper deposits ranges from less than 0.05 g/t to more than I g/t ((0.0017 to 0.035 oz per st) and the average is about 0.05 g/t (0.0017 oz per st) gold. Perhaps the highest grade mineralization found near a porphyry cop¬per deposit is the Ok Tedi Gold Cap ore body whose grade falls in the 2 to 3 g/t (0.07 to 0.1 oz per st) range. It is difficult to define a gold-rich por¬phyry copper deposit. All porphyry copper ore bodies contain some gold, but there seems to be a fairly sharp break in the gold content at about 0.1 g/t (0.003 oz per st) gold. There is also a problem in identifying dis¬seminated gold deposits that may have an indirect relationship to porphyry copper systems. This relationship is clear cut in deposits such as the Ok Tedi Gold Cap, the El Hueso deposit, the Fortitude and West de¬posits at Battle Mountain, NV, and the Sur¬prise deposit at Ely, NV. There are many other bulk disseminated, epithermal-type gold deposits - McCoy, NV, for example - that might be related to a porphyry system but where this relationship is remains very uncertain. In such places as the Goldfields and Tonapah district in Ne¬vada and in the El Indio, Chile district, there may be a vertically stacked ore deposit rela¬tionship between near surface epithermal deposits and disseminated molybdenite and chalcopyrite enargite mineralization at depth that may represent a deep porphyry system. This, however, has not been positively demonstrated. Most of the bulk epithermal gold deposits are probably not related to porphyry copper systems. Exceptions would probably be Ok Tedi, El Indio, El Hueso, Battle Mountain, and Lepanto where vertical or lateral zoning relationships are more apparent. This author believes that porphyry copper systems are related to a relatively unique type of intrusion that is probably distinct from, for example, the McCoy intrusivebody. For that reason, deposits such as McCoy, Chimney Creek, and the like will not be included in the definition of gold-rich por¬phyry copper deposits for this article. The interpretation of the origin of several of the deposits previously mentioned are subject to an unusual amount of contro¬versy. For example, geologists seem to be equally divided about the presence of a porphyry copper deposit below the El Indio deposit. Geologic setting Continental vs. island arc Several geologists have speculated that the gold-rich, moly-poor, porphyries are

Jan 1, 1989

By A. J. Wainwright

The Coffee Creek lode gold discoveries are located in the White Gold district (Dawson Range), west-central Yukon, 130 km south of Dawson City and 30 km south of the Golden Saddle gold deposit (Figure 1). Extensive structurally-controlled gold mineralization has been discovered during the 2010 and 2011 exploration drilling campaigns, highlighting this part of the Dawson Range as a significant emerging gold district. [ ] In this contribution we review the geological framework and describe the mineralization styles and metal signatures observed to date on the Coffee project. The main Coffee area is underlain by a 15 km by 4 km geochemical footprint, characterized by discrete linear gold-in-soil anomalies that correspond to various mineralized corridors. Of several mineralized areas tested in the past two drill seasons by diamond core and reverse-circulation (RC) drilling, we focus on the Supremo, Double Double, Latte and Kona zones; areas with the most information obtained from drilling thus far (Table 1; Figure 2).

Jan 1, 2012

By David L. Giles

The alkalic igneous province of Montana consists of centers of laccolithic and stock-like intrusive complexes with associated sills, dikes, and breccia pipes (e.g., Judith, Highwood, Little Belt Mts.); isolated plug-like mafic bodies (e.g., Smokey and Eagle Buttes); and clusters of kimberlitic diatremes and ultrabasic dike swarms (Missouri River Breaks). The province extends in a belt throughout central Montana from the North Absaroka Range in the south to the Sweetgrass Hills on the Canadian border. Intrusive activity ranged in age from Late Cretaceous to late Miocene, peaking at about 50 m.y, ago. Diverse types of significant epithermal gold mineralization occur at many of the laccolithic centers. This mineralization took place in large part during the waning stages of, or following, igneous activity. Large remnant travertine blankets in the region attest to comparatively recent hydrothermal activity. The quartz-pyrite-gold mineralization ranges from igneous- hosted stockworks or fracture sets (Zortman-Landusky and Neihart districts) and breccia pipes (North Moccasin Mts.) to replacement zones in flanking and upwarped Madison Group limestone (Gilt Edge and Kendall districts). The latter are mostly localized by intraformational solution breccias in the upper Madison, notably near porphyry contacts. Gold mineralization in the province was accompanied by varying amounts of silver, base metals, sulfosalts, and tellurides, with quartz, fluorite, carbonate, and barite and gangue. Gold occurs as auriferous pyrite, sylvanite, or in native form. Since the 1880's, primary gold production from numerous scattered deposits in the Judith, Moccasin, and Little Rocky Mountains, along with byproduct gold from the Neihart silver district (Little Belt Mountain), has totalled around 2 million oz. The major deposits were in the 1-2 million ton range at an average gold tenor of 0.3-0.6 oz per ton. Most of the ore was mixed oxide or carbonaceous sulfide ore and was treated either by amalgamation or by roasting-cyanidation. Current activity includes heap-leach operations on bulk- tonnage low-grade (approximately 0.03 oz per ton) ores at Zortman-Landusky, and several small-scale, experimental leach or mining operations on carbonaceous replacement ores, as in the Kendall district and Spotted Horse mine. Current exploration efforts for gold are focused not only in the old established districts, but also in and around other alkalic centers, which have been unproductive to date, such as the Crazy Mountains, Sweetgrass Hills, and Bearpaw Mountains. Target concepts in these efforts are porphyry-hosted stockwork or disseminated gold ores and Carlin-type replacement lodes in the flanking Madison or other favorable carbonate units.

Jan 1, 2013

By D. V. Ziehlke, J. M. Franklin, T. M. Gordon, A. G. Galley

The Snow Lake-Wekusko Lake region of northern Manitoba conta ins numerous lode gold occurrences, including the largest gold deposit in the Churchill Prov ince, the Nor Acme mine. The Aphebian volcanic and sedimentary rocks of this region are comprised of submarine volcanic strata, overlain by turbidites, both of the Amisk Group, and fluvi atile sedimenta ry strata and bimodally composed subaerial volcanic rocks of the overlying Missi Group. Gold occurs as: 1) accessory gold in volcanogenic massive sulphide deposits, 2) lode gold in shear zones related to sy n- to post-FI thrust fa ults, and 3) lode-gold associated with post-F2 fault . An alteration a emblage of biotite, al bite and calc ite is associated with both groups of lode-gold deposits, and has been superimposed on the regionall y-developed metamorphic assemblages. AJthough these deposi ts are spatial ly related to britt le-ductile faul ts of different initial ages, they appear to have all fo rmed after the major period of reg ional fo lding and metamorphism, and thus may be penecontemporaneous. The alteration is different from the sericite-ankerite-quartz assemblage that is typically associated with gold deposits in Superio r Prov ince. Deposits in thi s area of Churchill Prov ince may have formed either at a higher temperature or a deeper structu ra l level than tho e in Superior Prov ince.

Jan 1, 1986

By Raymond E. Healy

Mercurian e1ectrum (Au-Ag-Hg alloy) is the principal Au-bearing phase in the massive sulphide ores at Trout Lake, Manitoba. The average composition of this phase (in wt %) is 49.2 % Ag. 38.7 % Au and 11.0 % Hg, with ranges of 17.34 to 76.47 % Ag, 1.62 to 79.86 % Au and 1.29 to 30.87 % Hg. Compositional variation reflects solid solution in the a-phase of the Ag-Au-Hg system. Backscatter electron imagery reveals systematic zoning and suggests a general crystallization sequence from metamorphic pore fluids of progressively Ag-rich compositions. Investigation of the occurrence of gold in mill products demonstrates that mercurian electrum accounts for over 90 % of the Au in Trout Lake ore. I Invisible" gold in pyrite (x = 0.72 ppm Au) and arsenopyrite (x 30.2 ppm Au) is confirmed by SIMS analyses, and accounts for 7-10 % of the Au in the ore, and 35 % of the Au lost to the tailings. The remaining 65 % of the Au lost to the tailings consists principally of mercurian electrum locked with pyrite. No significant losses of mercurian electrum in the size range amenable to flotation and/or regrinding is indicated.

Jan 1, 1989

By C. H. Stockwell

RICE LAKE-BERESFORD LAKE area, situated 100 miles northeast of Winnipeg (Figure 1), is Manitoba's foremost gold mining district, although it is exceeded in gold production in the Province by the Flin Flon base-metal mining district. At present, the area is producing at the rate of about one and three-quarter million dollars annually, almost entirely from the San Antonio and Gunnar mines. The total production to date is about $14,000,000. Of this total, over $7,000,000 has come from the San Antonio mine, over $2,000,000 from the Gunnar mine, about $4,000,000 from the Central Manitoba mine, and the balance from several smaller properties. The writer has led Geological Survey parties in the area for the past four summers. The present paper gives a summary of the results of this work and also includes the findings of C. S. Lord, who was in charge of a party for one year. Much valuable information was obtained from earlier published reports on the area and from officials of mining companies, to whom the writer is indebted for their kindly co-operation. It is impossible in this short paper to give proper credit to the earlier workers or to discuss certain points o disagreement between their conclusions and those presented here. For further information the following references may be consulted.

Jan 1, 1940

Rehabilitation, reclamation and restoration are all terms used to describe the repair of land after mining. Here, restoration is used to mean restoring the land's original use, capability or productivity. Effective restoration is dependent on good planning before mining commences and must include a clear definition of post-mining objectives. The physical condition of the land within the mining licence was that of an imperfectly drained soil in permanent pasture, supporting a seasonal supply dairying unit. During the mining process, the soil layers were separated, with the topsoil stockpiled separately. As part of the restoration process, the land was recontoured to encourage surface drainage, with topsoil spread evenly over the recontoured tailings. Low grond pressure machinery was used to minimise soil compaction, with light discing and harrowing used to increase water infiltration. A permanent pasture was sown, with weed species controlled by spraying, both before and after pasture establishment.  Soil testing has been used extensively to ensure there were no nutrient deficiencies that good compromise pasture establishment and performance. Controlled grazing practices were used to ensure that the sown pastures became well established.

Jan 1, 1998

Gold mine production in South America was 247.3 tonnes in 1995 up from 156.4 tonnes ten years earlier in 1986. This represents a 58 per cent increase and amounted to 11 per cent of total world gold mine production. The major countries involved in order of production, were: Brazil (67.4 tonnes), Peru (51.5 tonnes),. Chile (48.5 tonnes), Colombia (24.1 tonnes), Venezuela (17.1 tonnes), Bolivia (16.0 tonnes), Ecuador (9.6 tonnes), Guyana (8.8 tonnes), French Guiana (3.3 tonnes) and Argentina (one tonne). The most dramatic increase was reported in Peru where production increased from 10.9 tonnes in 1986 to 51.5 tonnes in 1995, heavily influenced by the production from Minera Yanacocha which began operations in 1993 and produced 17.2 tonnes in 1995.With the reformation of the mining laws and the introduction of investment incentives in all the South American countries in recent years, dozens of major and junior mining companies began flocking into the area in the early-1990s to conduct exploration. A recent study undertaken in Brazil shows that an average of $240 million per year will be expended in this country during the period 1993 - 2010. Twenty-five per cent of this expenditure is expected to be made on gold exploration. Similar figures for Peru are $220 million total per year with 50 per cent for gold; $170 million per year in Argentina with 25 per cent for gold and $120 million ner year in Chile also with 25 Der cent for gold.

Jan 1, 1997

By Nathaniel Hen

IN the United States, in the 2 1/2 years since the rescinding of the wartime order closing gold mines, conditions have not yet returned to normal. Shortages of man power have prevented some mines from operating at all, and most of those in operation are still at reduced capacity. This fact, combined with shortages of materials, the high cost of supplies and labor, high tax rates, and a fixed price for the product have made the past years rather rough ones for gold producers. In foreign countries conditions are rather similar. In Canada several new mines are coming into production and some others are enlarging. Costs have not increased as much as in the United States and gold production is being encouraged. Recently a bonus of 20 per cent on increased production has been proposed. In South Africa, where gold mining is of major importance in the national economy the industry is also in a favored position with government; new discoveries of major importance there will markedly increase the gold output. Demand for labor is rap-

Jan 1, 1948

By Charles F. Jackson

Gold mining is a subject that not only appeals to the popular imagination but has vital importance to the world's economic structure. However, a discussion of the use of gold as a medium of exchange, and a basis for credit between nations and for monetary systems is not within the scope of this paper. The importance of gold in carrying on the commerce of the world, the present supply and rate of production, the probable trend of future production, the probable future requirements, and related subjects have recently received much attention from bankers and economists, and many articles on these subjects have been published. During slack periods of base-metal production due to falling prices, accompanied by scaling down of base-metal mining operations and often by the closing down of at least some mines, there usually result revival of interest in gold mining, search for previously undiscovered deposits, and reopening of some old gold mines.

Jan 1, 1932

By John Wightman

LOCATION OF PROPERTY THE property of Caribou Gold Mines, Limited, is situated in the north-eastern part of Halifax county, seven miles south of the Canadian National railway line at Upper Musquodoboit. Approach to the village is by a secondary road, improved recently by waste rock from the mine dump. A two-wire telephone line, seven miles long, built and owned by the present operators, provides communication to the nearest telephone exchange, Parker's Corner. HISTORY In 1870, the Caribou area was recognized as a proclaimed gold district. From then on, operations were intermittent, with periods of considerable activity by small companies until there were no fewer than seven mines in a district two miles long by three-quarters of a mile wide. These were the Holman, Truro, Caffrey, MacDonald or Elk, Lake, Dixon, and Hilchey properties, all of which have had separate stamp-mills, and have produced gold for varying periods. Depths of the workings range from 100 feet to 1,000 feet. Power was generated at each property by means of steam boilers. At the present time, the Consolidated Mining and Smelting Company of Canada, Limited, controls all the leased areas, approximately 800 acres, and is operating by means of one central vertical shaft. GEOLOGY The district in and about Caribou Mines has an elevation of approximately five hundred feet above sea level. The area is fairly well wooded, with rock outcrops here and there. These outcrops, along with information from test-pits and shafts, have been the basis for the very excellent geological map of the district prepared by E. R. Faribault some years ago. The rock structure, which is one of the best examples in Nova Scotia of an elliptical dome, has its anticlinal axis in a northeast-southwest direction, and flat plunges in the same directions.

Jan 1, 1938

By T. J. Haddon

For the mining industry in general and gold mining in particular the past few years have been difficult. Economic conditions coupled with growing regulatory restrictions have led to increasingly important reasons for managing assets wisely. From a public company perspective this makes sense because it ultimately provides for an increase in shareholder wealth and that's what we're in business to do. Regardless of whether a company is public or not, assets must be managed effectively to remain a player in today's competitive environment. So, as the CEO of a gold mining company, how do we manage our assets to ensure that we are satisfying our obligations to our customer --the Amax: Gold shareholder? Let me tell you. As I said earlier, the gold industry has been under siege. We have just completed our third year of average prices below $400 per ounce. When you add finding and/ or acquisition costs and development costs to operating costs, there isn't much of a profit margin left. What this environment provides, however, is opportunities for growth. In the gold business, you either grow or you die. Today, most North American gold producers have at most a 10 year mine life. We are all scrambling to add reserves so we don't become extinct. As prices remain low, opportunities for increasing diminishing reserves abound. This is the time for the opportunistic company to take advantages of market conditions and that's precisely what we, at Amax: Gold, have done!

Jan 1, 1992