Page 592 - NEWGEN21-Proceedings-Full

Black Pine Introduction

THE ASSET
• Past-producing bulk-tonnage, run of mine heap

leach mine

• “Off-trend” Carlin-style oxidized gold mineralization
• Mine produced 435,000 ounces of gold from 8

small, shallow, widely-scattered pits.

• Huge legacy data set with over 1800 shallow drill
holes, 10s of thousands of surface samples, etc.

WHY WE LIKED IT
• Lots of gold remaining in the ground based on

historic drilling

• Simple metallurgy

• Economic even during a period of very low gold
prices

• Evidence for the presence of a very large gold

system - huge soil anomaly covering multiple square
kilometres
4
• Data-rich environment

• Great jurisdiction