Big Ridge Gold Corp Announces Ongoing Studies at Hope Brook Gold Project
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has provided an update on ongoing studies at the Hope Brook Gold Project (HBGP) in Newfoundland and Labrador. Key highlights include:
1. Completion of environmental baseline fieldwork in July to support Project Registration preparation.
2. Shipment of samples for an Ore Sorting Study to Saskatchewan Research Council (SRC).
The company expects to complete environmental baseline and ore sorting studies in Q4 2024, adding significant value to the upcoming Preliminary Economic Assessment. Environmental survey work builds on previous studies, evaluating the natural environment and current brownfield mine site condition. Ore sorting tests aim to separate 'zero grade' lithologies from mineralized ones, potentially improving mining efficiency. Additionally, SRC will conduct a gold deportment study to assess gold and copper distribution in the mineralization.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) ha fornito un aggiornamento sugli studi in corso presso il Hope Brook Gold Project (HBGP) in Newfoundland e Labrador. I punti salienti includono:
1. Completamento del lavoro sul campo per la linea di base ambientale a luglio, a supporto della preparazione della registrazione del progetto.
2. Spedizione di campioni per uno studio di separazione delle minerali al Saskatchewan Research Council (SRC).
L'azienda prevede di completare gli studi sulla linea di base ambientale e sulla separazione dei minerali nel quarto trimestre del 2024, aggiungendo valore significativo alla prossima Valutazione Economica Preliminare. Il lavoro di indagine ambientale si costruisce su studi precedenti, valutando l'ambiente naturale e le condizioni attuali del sito minerario. I test di separazione dei minerali mirano a separare le litologie 'zero grade' da quelle mineralizzate, potenzialmente migliorando l'efficienza mineraria. Inoltre, il SRC condurrà uno studio sulla distribuzione dell'oro per valutare la distribuzione di oro e rame nella mineralizzazione.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) ha proporcionado una actualización sobre los estudios en curso en el Hope Brook Gold Project (HBGP) en Terranova y Labrador. Los puntos clave incluyen:
1. Finalización del trabajo de campo de línea base ambiental en julio para apoyar la preparación del registro del proyecto.
2. Envío de muestras para un estudio de clasificación de mineral al Saskatchewan Research Council (SRC).
La compañía espera completar los estudios de línea base ambiental y de clasificación de mineral en el cuarto trimestre de 2024, lo que agregará un valor significativo a la próxima Evaluación Económica Preliminar. El trabajo de encuesta ambiental se basa en estudios previos, evaluando el entorno natural y las condiciones actuales del sitio de la mina. Las pruebas de clasificación de mineral buscan separar las litologías de 'cero grado' de las mineralizadas, lo que podría mejorar la eficiencia minera. Además, el SRC llevará a cabo un estudio de deportación de oro para evaluar la distribución de oro y cobre en la mineralización.
빅 리지 골드 Corp (TSXV: BRAU) (OTCQB: ALVLF)는 뉴펀들랜드와 라브라도르의 호프 브룩 골드 프로젝트 (HBGP)에서 진행 중인 연구에 대한 업데이트를 제공했습니다. 주요 사항은 다음과 같습니다:
1. 프로젝트 등록 준비를 지원하기 위한 환경 기본선 현장 작업의 7월 완료.
2. 사스카철 원주연구소(SRC)로의 광물 분류 연구를 위한 샘플 발송.
회사는 2024년 4분기까지 환경 기본선 및 광물 분류 연구를 완료할 것으로 예상하고 있으며, 이는 다가오는 초기 경제 평가에 상당한 가치를 더할 것입니다. 환경 조사 작업은 이전 연구를 바탕으로 하여 자연 환경과 현재의 브라운필드 광산 사이트 조건을 평가합니다. 광물 분류 테스트는 '제로 등급' 리소스를 광물화된 것으로부터 분리하는 것을 목표로 하여 채굴 효율성을 개선할 가능성이 있습니다. 또한 SRC는 광물화에서 금과 구리의 분포를 평가하기 위한 금 분포 연구를 수행할 것입니다.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) a fourni une mise à jour sur les études en cours au Hope Brook Gold Project (HBGP) à Terre-Neuve-et-Labrador. Les points forts incluent :
1. Achèvement des travaux de terrain de référence environnementale en juillet pour soutenir la préparation de l'enregistrement du projet.
2. Expédition d'échantillons pour une étude de tri des minerais au Saskatchewan Research Council (SRC).
La société prévoit de terminer les études de référence environnementale et de tri des minerais au quatrième trimestre 2024, ajoutant une valeur significative à la prochaine évaluation économique préliminaire. Le travail d'enquête environnementale s'appuie sur des études antérieures, évaluant l'environnement naturel et l'état actuel du site minier. Les tests de tri des minerais visent à séparer les lithologies de 'zéro grade' de celles qui sont minéralisées, ce qui pourrait améliorer l'efficacité minière. De plus, le SRC réalisera une étude sur le comportement de l'or pour évaluer la distribution de l'or et du cuivre dans la minéralisation.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) hat ein Update zu den laufenden Studien im Hope Brook Gold Project (HBGP) in Neufundland und Labrador bereitgestellt. Die wichtigsten Punkte sind:
1. Abschluss der umweltbezogenen Basisfeldarbeit im Juli zur Unterstützung der Projektregistrierung.
2. Versand von Proben für eine Erzsortierungsstudie an den Saskatchewan Research Council (SRC).
Das Unternehmen erwartet, die umweltbezogenen Basisstudien und die Erzsortierungsstudien im 4. Quartal 2024 abzuschließen und damit erheblichen Wert für die bevorstehende vorläufige wirtschaftliche Bewertung zu schaffen. Die Umfrage zum Umweltstatus baut auf früheren Studien auf und bewertet die natürliche Umgebung sowie den aktuellen Zustand des Braunkohlenbergbaus. Die Tests zur Erzsortierung zielen darauf ab, 'Nullgrad'-Lithologien von mineralisierten zu trennen, was potenziell die Effizienz des Bergbaus verbessern könnte. Darüber hinaus wird der SRC eine Studie zur Goldverteilung durchführen, um die Verteilung von Gold und Kupfer in der Mineralisierung zu bewerten.
- Completion of environmental baseline fieldwork supports project advancement
- Ore sorting study could potentially improve mining efficiency by separating 'zero grade' lithologies
- Gold deportment study may provide valuable insights into gold and copper distribution
- Results of environmental and ore sorting studies are still pending, creating uncertainty
- Successful ore sorting is not guaranteed and may impact project economics if unsuccessful
Toronto, Ontario--(Newsfile Corp. - October 3, 2024) - Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) ("Big Ridge" or the "Company") is pleased to provide an update of ongoing studies at the Hope Brook Gold Project ("HBGP") located on the southwest coast of Newfoundland and Labrador.
Highlights
- Environmental baseline fieldwork completed in July to support preparation of Project Registration
- Samples for Hope Brook Deposit Ore Sorting Study shipped to SRC
Michael Bandrowski, President & CEO of the Company, commented: "The Big Ridge exploration team continues to advance the Hope Brook Gold Project on several different fronts. In addition to ongoing field work, the Company is working toward completion of environmental baseline and ore sorting studies. Completion of these two key studies during the fourth quarter of 2024 will add significant value when the Company completes a Preliminary Economic Assessment at the HGBP."
Environmental Baseline Fieldwork
Environmental survey work was begun by Coastal Gold Corp., formerly Castillian Resources Inc. in 2010 to compile information required for an application for Project Registration of the HBGP, as required under environmental regulation in Newfoundland and Labrador. The baseline studies undertaken by Big Ridge in 2024 build on work done by Coastal and include evaluation of the natural environment surrounding the former mine and its current condition as a brownfield mine site.
Work in 2024 continues to assemble the required information. Newfoundland and Labrador-based Fracflow Consultants Inc. has been contracted to undertake the field work and complete the necessary studies. The field work included fish community and habitat assessment, benthic macroinvertebrate community assessment, mammal and avian surveys, surface and groundwater sampling, sediment and soil sampling and supporting laboratory analyses. Field work was completed in July and final reports are expected in the fourth quarter of 2024.
Ore Sorting and Gold Deportment
In the fall of 2024 Big Ridge will carry out ore sorting tests to establish whether 'zero grade' lithologies within the HBGP mineral resource wireframes can be separated from mineralized lithologies. These tests will be conducted by the Saskatchewan Research Council ("SRC").
Zero grade lithologies include post-mineralization mafic and intermediate dykes and sills which intrude the mineralized host rocks. Many mafic units intersected by drill holes in the wireframes may be too small to be excluded during mining operations. Successful sorting could allow this material to be diverted before milling.
Core from the HBGP's 198 available drill holes has been selected, representing various grade and alteration characteristics of the deposit, along with associated intervals of mafic and intermediate volcanics. Zero grade material in core accounts for 20
A dynamic test of approximately 100 kg of sample, including an X-Ray Transmission (XRT) amenability study will be done, as well as additional ultraviolet fluorescence and near-infrared spectroscopy characterizations to determine sorting potential for zero grade material.
Results from this test are expected in the fourth quarter of 2024.Following on from positive dynamic test results, performance testing using approximately one tonne of mineralized material will be completed in conjunction with future, advanced metallurgical testing.
In addition to the ore sorting tests, SRC will conduct a gold deportment study on selected mineralized samples to assess distribution of gold and copper, a positive economic component of the mineralization, and their inter-relationships with host rock minerals.
Qualified Persons
William McGuinty, P. Geo., Vice President Exploration for Big Ridge, a Qualified Person within the meaning of NI 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information contained in this news release.
About Hope Brook
The Hope Brook Gold Project is an advanced stage, high-grade gold project that produced 752,162 ounces of gold from 1987 - 1997. Initial production consisted of an open pit before moving to underground mining. Hope Brook operated using both heap leach (1987 -1990) and conventional cyanidation milling methods (1989-1997) with a later inclusion of flotation concentration to recover copper (1991). Government records indicate that gold recoveries from milling ranged between a low of
Hope Brook hosts an Indicated gold resource totalling 16,190,000 tonnes grading 2.32 grams per tonne gold for 1.2 million ounces and Inferred resources totalling 2,215,000 tonnes grading 3.25 grams per tonne gold for 231,000 ounces based on a 0.4 and 2.0 gram per tonne cut-off grades for open pit and underground resources respectively using a long-term gold price of US
The Hope Brook gold deposit is a high-sulfidation epithermal gold deposit hosted in the Proterozoic aged Whittle Hill Sandstone and is intruded by a Late Proterozoic quartz-feldspar porphyry sill-dike complex of the Roti Intrusive Suite. The deposit is located adjacent to and within an extensive advanced argillic alteration envelope which includes pyrophyllite, kaolinite, andalusite, and alunite. The principal gold mineralization occurs in a buff-colored massive, vuggy silicic alteration with an associated, less developed grey silicic alteration with pyrite, chalcopyrite and lesser bornite accessory minerals. Gold mineralization is also found with pyrite in units of advanced argillic alteration adjacent to or near silicic alteration horizons. The altered and mineralized zone is cut by mafic dykes whose contacts are often mineralized. All the altered and mineralized sequences and the intruded dykes have been folded.
Hope Brook is located 85 kilometers east of Port aux Basques, Newfoundland. The project has well maintained infrastructure on site, including an operational 28-person camp, an 1,100-meter airstrip, ice-free docking facility and importantly, connection to the provincial electrical power grid via an on-site substation.
About Big Ridge Gold Corp.
Big Ridge Gold Corp. is an exploration and development company managed by a disciplined and experienced team of officers and directors. The Company is committed to the development of advanced stage mining projects using industry best practices combined with strong social license from our local communities.
Big Ridge is the operator of the Hope Brook Gold Project located in Newfoundland and Labrador and holds an
Acknowledgement
Big Ridge acknowledges and appreciates the Newfoundland and Labrador Ministry of Natural Resources' financial support of the Company's 2023 exploration programs through the Junior Exploration Assistance (JEA) Program.
For more details regarding the Company's projects, please visit our website at www.bigridgegold.com
ON BEHALF OF THE BOARD,
Mike Bandrowski,
President & CEO
Mike Bandrowski,
President & CEO
BIG RIDGE GOLD CORP.
18 King St. East, Suite 1400
Toronto, ON, M5C 1C4
Tel: 416-540-5480
Email: Mike@bigridgegold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.
Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations, or beliefs regarding future events, and include, without limitation, statements with respect to Big Ridge's intentions with respect to Caprock's shares. All forward-looking statements are based on Big Ridge's and its employees' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. When relying on our forward-looking statements to make decisions with respect to Big Ridge, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Big Ridge does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225424
FAQ
What are the key ongoing studies at Big Ridge Gold's Hope Brook Gold Project (ALVLF)?
When does Big Ridge Gold (ALVLF) expect to complete the environmental and ore sorting studies for Hope Brook?
What is the purpose of the ore sorting study for Big Ridge Gold's Hope Brook project (ALVLF)?
What additional study is SRC conducting for Big Ridge Gold (ALVLF) at Hope Brook?
