Page 41 - GGG

Global Leader in Responsible Refining Technology abcrefinery.com

SADDLE NORTH

Owner: Newmont Gold Corp In 2020, the company announced an indicated resource of
Location: Iskut, British Columbia, Canada 298mt @ 0.28% copper and 0.36 g/t gold for 1.81 blb copper
Reserves: N/A and 3.47 moz gold and an inferred resource of 542mt @
Resources: 298mt @ 0.28% copper and 0.36 g/t gold 0.25% copper and 0.31 g/t gold for 2.98 blb and 5.45 moz
for 1.81 billion lb copper and 3.47 moz gold for Saddle North.
gold (indicated); 542mt @ 0.25% copper
and 0.31 g/t gold for 2.98 billion lb and GT was working on a starter pit strategy which would see
5.45 moz (inferred) open pit production used to pay back initial capital and then
Project status: PEA fund development of an underground operation to exploit
the high-grade core.
addle North comes to NewGenGold having recently Although porphyry deposits traditionally attract $1 billion-
Sundergone a change of ownership, with Newmont Corp plus price tags, GT was confident it could emulate Red
paying $US311 million to acquire project founder GT Gold. Chris which was built for $C600 million.
The corporate deal was the culmination of an intense three On finalising the acquisition, Newmont said the Tatogga
years for GT after entering British Columbia (BC), Canada project would complement its existing interests in the
in 2017. During that time the company made two discoveries Golden Triangle district of BC where it already owns 50% of
on the 47,500ha Tatogga property – a precious metal- the Galore Creek project.
rich vein system at Saddle South and a gold-rich copper
“The Tatogga project, including the primary Saddle North
porphyry system at Saddle North.
deposit, has the potential to contribute significant gold and
Saddle North sits just 20km from the Red Chris mine but copper annual production at attractive all-in sustaining costs
had been left untapped due to coverage by glacial debris. over a long mine life,” the company said in a statement.
It was eventually identified via geophysics with GT eventually “In addition to the known deposits at Saddle North, there
drilling more than 35,000m to delineate its potential. are further exploration opportunities throughout the land
package.”

Australasia’s

refiner of choice

A trusted partner for more

than 122 years

perthmint.com/refine

Australia’s Top Manufacturer for 2020

Page 41