NEVADA – Toronto-based Kinross Gold Corp. is taking a good look at the potential to expand production from its two gold mines – Bald Mountain and Round Mountain – in this state.
At Bald Mountain, the company believes it can boost the current mineral reserve and extend the life of the project by developing two sets of deposits in the near term. Infill drilling of the Vantage complex is expected to upgrade existing resources to reserves in Q1 2017. Similar work at the Saga and Duke pits is also aimed at upgrading resources to reserves by the end of this year. The 2016 exploration budget has been increased by 50% to US$9 million to reach those goals.
At Round Mountain, the scoping study for the Phase W deposit that lies to the west of the main Round Mountain pit may extend mining there by 38 years. The study added 90 million inferred tonnes at 0.8 g/t Au (2.4 million oz) to the project.
The continuous improvement initiative for the heap leach program is producing good results. New models of the heaps make it possible to get a better understanding of how to increase recovery and maximize cash flow. Changes made based on the program are expected to produce 200,000 to 230,000 AuEq over the life of the mine at C$200 to C$400 per oz of gold equivalent.
Detailed information about Kinross’ operations in Nevada is available at www.Kinross.com.