https://www.miningweekly.com
Gold|Infrastructure|PROJECT|Service|Underground|Infrastructure|Operations
Gold|Infrastructure|PROJECT|Service|Underground|Infrastructure|Operations
gold|infrastructure|project|service|underground|infrastructure|operations

Sleeping Giant gold project, Canada – update

Image of gold nuggets

23rd February 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Sleeping Giant gold project.

Location
Greenstone belt of Abitibi, 80 km north of the town of Amos, in Quebec, Canada.

Project Owner/s
Abcourt Mines.

Project Description
The project is an underground mine that was operated until 2014.

The project envisages a rapid startup of operations with minimal initial investment.

The project involves the extraction of 720 000 t of ore, including new stopes that can be accessed almost exclusively from existing levels.

Production will be split between levels N-145 and N-1110, and will require rehabilitation of the drifts, escapeway, shaft service compartment and existing infrastructure.

The stopes will be mined using longhole, shrinkage and room-and-pillar methods, with a tonnage distribution of 27%, 30% and 43% respectively.

Ore will be processed at Sleeping Giant’s concentrator plant, which has a capacity of between 700 t/d and 750 t/d.

Sleeping Giant has strong potential for mineral resource expansion, based on more than 800 mineralised structures remaining open at depth, down plunge and to the east. Future modelling could offer an increase in the potential of the project. Using nearly 50% of its capacity, the current ore-processing plant has excess capacity that could offer the opportunity to accept material from deposits surrounding the project.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated after-tax net present value, at a 5% discount rate, of C$54.4-million and an internal rate of return of 33.3% with a payback of 2.1 years.

Capital Expenditure
Initial capital expenditure is estimated at C$73.83-million.

Planned Start/End Date
Not stated.

Latest Developments
Abcourt Mines started processing gold at its Sleeping Giant mill on February 13, 2024.

The mill operated at 20 t/h during this first week.

On February 19, the mill began to operate at its nominal rate of 32 t/h with the addition of the second ball mill.

Abcourt plans to process between 600 t and 800 t a week initially, and gradually increase the weekly tonnage.

The company plans to complete the processing of the 5 000 t bulk sample from the Pershing-Manitou deposit near the end of March.

Thereafter, Abcourt plans to start processing gold mineralised material from its Sleeping Giant mine.  

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Abcourt Mines, tel +1 819 768 2857 or email info@abcourt.com.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.238 0.288s - 93pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: