A second bulk shipment from the Clavos Gold Mine has been processed, reports Sage Gold as the junior miner works toward completing a mineral reserve estimate and a pre-feasibility study for its Timmins property.
Similar to the first bulk sample run processed in mid-October, the company said the material is composed of broken material left over from the mine’s previous owner with some new development rock.
The first run at the nearby Black Fox-Stock Mill yielded 475 ounces of gold.
The results were pleasing to Sage Gold president-CEO Nigel Lees.
“While the second shipment is also comprised of primarily remnant mineralized material, we anticipate future shipments to encompass the existing plus additional work areas that have recently been dewatered and rehabilitated within the lower elevations of the mine,” said Lees in a Nov. 24 news release.
Clavos is 32 kilometres northeast of Timmins and 20 kilometres from Goldcorp’s Hoyle Pond Mine.
Last year, Sage acquired the mothballed 2,540-hectare property from St. Andrew Goldfields. It is permitted for 700 tons a day of production.
The deposit was mined briefly between mid-2005 until August 2006 and again until May 2007.
Sage reports that the mine has been connected to the grid which will enable increased progress in all areas, including dewatering, drilling, and mining.
The company said an exploration and definition drilling program continues with the purpose of updating and increasing the existing mineral resource estimate.