A new means of exploiting previously overlooked zones of gold mineralization may prove to be the type of disruptive technology needed once the global COVID-19 pandemic is over.
Called sustainable mining by drilling (SMD), it uses a unique, surface-based drilling system to get at narrow vein deposits that have been considered uneconomic using existing mining techniques.
SMD’s creators believe the technology offers a cost-effective means of accessing known deposits while doing so with a smaller environmental footprint, reduced labour costs and increased safety for the system’s onsite operators.
The technology was developed by Toronto-based Anaconda Mining (TSX: ANX; US-OTC: ANXGF), which operates the Pine Cove open-pit gold mine and mill in the Baie Verte region of north-central Newfoundland.
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