Mining Brief

Copper Mine Production Increasing While Gold Prices Rise - Seite 3

Hudson Bay Mining and Smelting/Outokumpu Oy's former Namew Lake Nickel-Copper Mine is located 11 km northwest of the Namew Lake District Project. Prior to its closure, this mine produced 2.57 million tonnes grading 0.63% Cu and 1.79% Ni, and 0.1 g/t Au, 4.1 g/t Ag, 0.5 g/t Pd, and 0.6 g/t Pt.

The Flin Flon-Snow Lake region has been an extremely productive mining camp, having produced numerous VMS deposits since the initial copper production began at the Mandy Mine in 1916.  The Flin Flon Greenstone Belt hosts 11 mines and 31 developed VMS deposits, many of which host exceptionally high gold (Au) content. Included within these deposits are the Flin Flon Mine (62.5Mt @ 2.7g Au/t) and the Lalor Mine (9.9Mt @ 5.7 g Au/t in the Au zone).  

HBM's Lalor mine is located east of Flin Flon, in the Snow Lake area of Manitoba and north east of the Rocky Namew Project reported reserves of 19.4Mt grading 3.15% zinc, 4.22g/t gold, 0.85% copper and 27.55g/t silver (reference: HBM news release of March 30, 2020).    Read this release for the QMC Quantum Minerals Corp. news at:  https://www.financialnewsmedia.com/news-qmc/ 

Other recent developments in the markets include:

Equinox Gold Corp. (TSX: EQX) (NYSE: EQX) recently announced that construction of the Phase 1 mine at its Castle Mountain Gold Mine in California is complete, irrigation of the leach pad is underway and first gold pour is expected in Q4-2020.

Equinox Gold commenced construction of the Phase 1 mine at Castle Mountain on October 30, 2019. Construction is complete with no lost-time incidents. Photos of the Phase 1 mine are included at the end of this news release. Equinox Gold commenced pre-production mining in early June and has stacked more than 1.4 million tonnes of ore on the leach pad to date. Commissioning of the plant is in the final stages and irrigation of the leach pad commenced on September 16, 2020. Loaded carbon from Castle Mountain will be processed in the carbon stripping and smelting plant at the Company's Mesquite Mine, 200 miles south in California, resulting in increased operating efficiencies for both mines.  Christian Milau, CEO of Equinox Gold, commented: "Castle Mountain will be Equinox Gold's seventh producing gold mine in the Americas and our second operating mine in California. We expect Castle Mountain to be a long-life flagship asset for Equinox Gold, bringing significant benefits to our workforce, shareholders, local communities and San Bernardino County."