We control a district the size of the northern Carlin trend, where much like the early days at Carlin, historic mining of oxide and simple recovery processes generated profits even at low gold prices.
Goldstrike has a strong history of proof. From 1988 to 1995 it was an oxide heap leach mine producing 209,000 ounces of gold and 197,000 ounces of silver. When the mine closed, a wealth of data and drill holes demonstrating gold in the ground were left behind.
We have been aggressively leveraging the invaluable data we’ve inherited from 1,519 historic drill holes. Along with these historic holes, we have drilled over 450 of our own, to come up with a robust mineralization model for the district. We’re establishing the size, shape and scale of the gold hiding in plain sight to expand the evidence for the potential of a massive scale gold district – a new district with ideal conditions for highly-economic and profitable open-pit heap-leach mining. more