NEWFOUNDLAND - CREW GOLD CORP. of London, U.K., says the refurbishment of its Nugget Pond gold plant is ahead of schedule. The first delivery of ore from Crew's Nalunaq mine in southern Greenland is expected in February this year. Crew purchased the Nugget Pond plant earlier this year from Richmont Mines.
The Nalunaq gold mine opened in 2004, and output was to be 75,000 oz in 2006. It is owned 82.5% by Crew Gold and 17.5% by NunaMinerals, a local exploration company credited with the discovery of the Nalunaq gold deposit. Mining is done under contract by PROCON MINING & TUNNELLING. Local contractors handle the ore haulage, on-side construction, catering and janitorial work.
Nalunaq is a high-grade, gold-only deposit associated with quartz veins in a major shear zone. It is a mesothermal vein-type gold mineralization, hosted in Proterozoic amphibolite-facies metavolcanic rocks. Visible gold is found in sheeted quartz veins located in a large-scale shear structure that appears to be related to regional thrusting. The mine has estimated indicated resources of 440,000 t grading 21.0 g/t Au and inferred resources of 3.36 million t grading 18.0 g/t Au. Narrow vein mining is carried out using longhole techniques.
Visit www.CrewGold.com to learn more about the company.
Comments