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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 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 L. W. Teal

The Paupers Dream Property is located in the northern Boulder Mountains, southwestern Montana, 30 km southwest of Helena. The property is situated in the central portion of the Butte-Helena gold belt, a NE trending lineament marking a zone of recurrent, late-Cretaceous to mid-Tertiary volcanic activity. Geology consists of a plutonic basement of late-Cretaceous quartz monzonite overlain by a pre-volcanic basal conglomerate and a complex sequence of Oligocene rhyolitic volcanics. Gold mineralization occurs in fracture-controlled quartz veins, silicified stockwork, and brecciated shear zones as auriferous pyrite, arsenopyrite, and disseminated free gold. An estimated 60,000 tonnes averaging 2.5 g/t was produced from the Porphyry Dike, Venus, and Paupers Dream Mines on the property. Current drill indicated reserves (May, 19861 are placed at 6,946,000 tonnes averaging 1.45 g/t gold.

Jan 1, 1987

By J. D. Lowell

The gold content of prophyry copper deposits ranges from less than .05 gmt (ppm) to more than 1.0 got, and most deposits contain on the order of 0.05 gmt Au. Perhaps the highest grade mineralization which has been found in close proximity to a porphyry copper is the Ok Tedi Gold Cap orebody whose grade falls in the 2-3 gmt Au range.

Jan 1, 1988

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 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

By Timothy 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, such asset management makes sense because it ultimately provides for an increase in shareholder wealth, and that is why we are in business. 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 chief executive officer 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? The gold industry has been under siege. We have just completed the third year with average prices below $12.85/ g ($400/oz). When finding, and/or acquisition costs and development costs to operating costs are added, 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 do not become extinct. As prices remain low, opportunities abound for increasing diminishing reserves. This is the time for the opportunistic company to take advantage of market conditions and that is precisely what Amax Gold has done. There are six components to running a successful gold business: • finding reserves through exploration, acquisition or joint venture, • financing the project, • permitting and constructing the project, • operating the project, • cash management and • communication.

Jan 1, 1992

By Edwin Higgins

SINCE the "Days of Forty-nine" California has been the premier gold producing state of the union. The greatest production was recorded in 1.852, during which year the state's placer and lode deposits yielded over 81 millions. This peak was followed by a steady decline to about 12 millions during the years 1888 to 189.3, a period marked by the cessation of gravel mining. After 1893, production increased to a new peak of over 22 million in 1915, thereafter decreasing steadily to something over 13 million in 1923. Today; California's gold production shows a decrease of 84 per cent. as compared with the output of 1852, and a decrease of 41 per cent, as compared with 1915. It is not a difficult matter to find the causes of this more recent decline. In 1916 there began an upward swing in the cost of labor, which represents approximately 60 per cent. of the cost of mining, and in the price of supplies, representing the remaining, 40 per cent. This rise continued until 1922 and since that year there has been no decided tendency either upward or downward. The increase in the cost of mining since 1916 is variously estimated at from 50 to 75 per cent.; the price of gold has remained fixed at $20.67 per oz. This condition resulted in wiping out the profits of the low-grade operations which, in recent years, have constituted California's main source of supply of gold ore. It is now predicted that there will be renewed activity in California- gold mining. What are chances for the materialization of this forecast? A boom or even a revival of gold mining must of necessity be brought about or accompanied by one or more of the following factors: 1. A decrease in the cost of mining. 2. An increase in the price of gold. 3. New capital for development. 4. The discovery of new deposits. 5. The revival of hydraulic mining.

Jan 1, 1925

We have received from L. S. Cates, the following translation, by S. W. Mudd, of early mining methods in India: In Herodotus one finds a description how Darius by aid of his good horse and his good groom Oebares got himself the Kingdom of the Per-sians. He then set up in Persia twenty satrapies assigning to each a governor and fixing the tribute which was to be paid to him by the several nations. The following description of the method of getting the gold demanded of the Indians as tribute is copied directly from Book III Thalia, paragraphs 94 to 105 omitting the diversions of Herodotus which in one case consisted of a lapse of two pages following a semicolon before the author returned to the subject. The Indians, who are more numerous than any other nation with which we are acquainted paid a tribute exceeding that off every other people, to wit, three hundred and sixty talents of gold-dust. The way in which the Indians get the plentiful supply of gold, which enables then to furnish year by year so vast an amount of gold-dust to the King, is the following: Eastward of India lies a tract which is entirely sand. Here, in this desert, there live amid the sand great ants, in size somewhat less than clogs, but bigger than foxes. The Persian king has a number of them, which have been caught by the hunters in the land whereof we are speaking. These ants make their dwellings under ground, and like the Greek ants, which they very much resemble in shape, throw up sand-heaps as they burrow. Now the sand which they throw up is full of gold. The Indians, when they go into the desert to collect this sand, take three camels and harness them together, a female in the middle and a male on either side, in a leading-rein. The rider sits on the female, and they are particular to choose for the purpose one that has just dropped . her young; for their female camels can run as fast as horses, while they bear burdens very much better.

Jan 12, 1919

By J. C. Murray

Introductory: In dealing with a topic so large, one that involves such a multiplicity of details, and that also has certain controversial aspects, it is quite impracticable within the limits of this article to touch upon many most interesting phases and incidents. Also, to bring out the actual truth, it is necessary to make certain categorical statements. The writer believes that all such statements made here-under are supported by facts. Again, however, it is out of the question to cite all the proof. The writer, therefore, will gladly answer any pertinent criticisms or questions and thus supplement the unavoidable brevity of this paper. Controversial points will take care of themselves. Historical: For present purposes the history of gold mining in Nova Scotia may best be summed up in a very few paragraphs, in some of which the writer quotes freely from recent reports compiled by himself. The first material discovery of gold was made in the year 1860. As this and rapidly succeeding discoveries were looked upon as bonanzas, the claims were fixed at a size of 20 by 50 feet, and a yearly rental of $20 was charged. Later the claims (areas) were increased in size to 50 by 150 feet. In the year 1866 a temporarily successful company, so we are informed by a contemporary writer, owned a mill and mining plant worth $6,000. As this fact is cited with admiration, it is apparent that most of the mining and milling must have been done in a very primitive manner indeed.

Jan 1, 1926

By A. S. Bayne

THIS paper will present a review of the mining operations of one of Canada's most lately established gold mining districts (1). The history of the Little Long Lac and Sturgeon River areas is interesting in view of the fact that, although they have long been the scene of a certain amount of mining activity, they remained little more than an uninhabited wilderness until 1933, since which time ten producing gold mines and mills have been established in permanent operation, eight of these having entered production since the beginning of 1937. As complete a background as possible will be given concerning the major influences having a bearing upon living and economic conditions in the mining communities. The object, here, is to show the diversity of problems which demand the attention of the operator starting up and operating a new mine in present times, and to indicate the ways in which these problems are successfully met in this district. A description of the power facilities and plant equipment will be followed by a summary of the problems encountered and methods applied in exploration and development. This is to aid in forming a background showing the circumstances which influence the mining methods and costs of the various operations. The paper will conclude with a description of the mining methods used and the costs of the operations, including summarized analyses of the stoping methods and mining conditions. The various phases of operation will be dealt with separately, in so far as this is possible, in order to present clearly the salient features. It is necessary, however, that the reader bear completely and constantly in mind the fact that in actual operations these phases arc, to a large extent, intimately related and greatly affect each other, as well as being, in turn, affected by other circumstances beyond the control of the operator. A few of these circumstances are: capital available during the development period and early stages of productive operation; strength of rock comprising the ore and its boundary walls; grade, size, shape, and location of ore-bodies; and many other natural items which must be carefully weighed in relation to the details of operation.

Jan 1, 1940

Gold was first discovered in the Shotover by Thomas Arthur in 1862. He left his job as a shearer and soon there were up to 3000 miners working over the length of the river. Some parts were extremely rich and a few early miners recovered as much as 300 ounces in a day. From these early days of hand working the operations progressed through to hydraulic elevating once water races and pipes were installed after the Skippers road was completed about 1890. The riverbed was worked in paddocks with .the gravel being sluiced to a central suction which elevated the material over a sluice box. Use of this system continued intermittently through until 1977 when Joe Schieb retired û the last of the hydraulic miners. Many bucket ladder dredges worked on the lower Shotover near Big Beach where the Sew Hoy family recovered a lot of gold. Just after 1900, at least three worked further upstream, one on the beach where Shotover Jet now operates and one further up below the Moonlight. All the sections for this were transported in over the Moonlight Track and the boiler, steam engine and bucket ladder are still sitting at the edge of the river. up near Maori Point a dredge operated from Dredge Slip upstream. Records are poor on these dredges but they all suffered from the frequent floods and large boulders which damaged the bucket line. The last dredging attempt was about 1930 when a suction dredge was constructed on Maori Beach. This failed as seems to be normal for most suction dredging ventures. The river can drop to very low levels in the middle of a dry summer, and in winter when the water is tied up in the mountains as ice and snow. During 1863 when heavy rain melted snow in the high country, the river rose 35 feet overnight and drowned many miners camped on the banks. The ever present risk of flooding dominates the method of working and plant design.

Jan 1, 1987

By R. D. Osmanson

A series of batch roasting tests was performed on minus 1/2 inch gold bearing refractory samples from the Gold Acres deposit, and 67 select particles were polished and the sulfide alterations were examined microscopically. The suite of specimens represents two hour batch roast treatments at 600°C, 700°C, 725°C, 750°c, 800°C, and 900°C. Auriferous pyrites were found to alter sequencially to pyrrhotite, magnetite and finally to hematite. It was found that the decrease in cyanidation extraction with high temperature roasting is likely due to the increas ing stability of magnetite and more crystalline hematite, and the decrease in porosity with these phases which occlude the gold. Gold has been noted to occur very early in the mineralizing sequence, with gold being found in quartz and in clay/carbonate rock matrix. No gold was found in the two pyrite phases, but numerous gold grains were found in pyrrhotite after pyrite and in subsequent iron oxides. Gold mineralization had apparently ended by the time base metals were introduced into the deposit.

Jan 1, 1987

By Xianjun Lu

This paper presents gold occurrence investigations on the altered rock gold deposit from Jiaodong area of China, and comparisons of gold occurrence in the ore samples from different mining levels. According to the results, the chemical and mineral compositions of raw materials from different mining levels are quite similar. However, the relative content and grain size of gold minerals are quite different between the two mining levels of -130m~-340m and -550m~-650m. In the ore of upper mining levels of -130m~-340m, electrum is the dominant gold mineral and accounts for about 80% of the total gold minerals, while native gold is minor and accounts for about 20%. As for the ore of deep mining levels of -550m~-650m, the major gold mineral shifts to native gold which accounts for 67%, while the ratio of electrum drops to about 33%. Coarser gold grain size was observed in the upper mining level ore with a mean size of 33.05µm while the gold grain size was much finer in the ore of deep mining levels with a mean size of 22.85µm. Furthermore, the gold mineral associations also show different patterns between the upper mining level samples and the deep mining level samples. Of the three observed gold association types such as inclusion gold, fissure gold and interparticle gold, more inclusion gold was found in the ore of deep mining levels. The inclusion gold accounts for 62% in the ore of deep mining levels, while that in the ore of upper mining levels accounts for about 56%. Further study revealed that the dominant gold associated minerals are pyrite and sulphides and only a small amount of gold is associated with quartz and silicates. It was shown that the altered rock gold ore from Jiaodong area can be regarded as a free milling gold ore, but the processing parameters should be optimized for the ores in different mining levels according to the different gold occurrence. In addition, it was predicted that enhanced gold liberation is necessary for the ore in deep mining levels.

Sep 1, 2012

IN previous discussions on the occurrence of gold in the Bendigo quartz reefs the opinion has been put forward that the gold shoots are primary concentrations in the quartz reefs during the period of vein-formation. The view has been based upon the constant features of the gold shoots in a large number of individual reefs, independent of their depth below the surface. These features include the mineral associations accompanying the gold, the appearance and association of the gold in the quartz, the similarity in all respects (excepting mineral content) between richly gold-bearing quartz and poor quartz, and the variations in mineral content in the reef apart from gold. The view has been supported by a relation of the gold shoots to faults, together with the dependence of the reefs on the existence of pre-mineral faulting. The secondary deposition of gold has only been observed in a few instances .associated with the younger monchiquite dykes, and is of no economic importance.

Jan 1, 1922

By Sidney V. Gold

Should Gold Producers Hedge Their Positions Through : Sales on Forward Markets? Purchases of Put Options? Sales on Spot Market? Forward Markets Assumptions 1. Producer has a known amount of Gold to sell in year ahead. 2. Effect on price is the same whether sold Forward or Spot Market. 3. None of us have knowledge of Future Price Trend. 4. Contange Market prevails in which Forward price premium is approximately equal to rate of interest.

Jan 1, 1983