The Sleeping Giant mill is turning over again in anticipation of gold production. Credit: Abcourt Mines
The Sleeping Giant mill is turning again for the first time since 2014, says Abcourt Mines (TSXV: ABI). The company has invested approximately C$42 million in restarting the 950-tonne-per-day mill and the gold mine below it.
About 98% of the estimated resources at the Sleeping Giant mine are at a depth accessible from the existing shaft. The measured and indicated resource is 755,000 tonnes grading 7.14 g/t gold, containing 173,330 oz., while the inferred resource is 884,000 tonnes grading 8.74 g/t gold, containing 248,300 oz.
The company says the estimate is conservative as it does not include residual pillars or a five-metre buffer zone around existing infrastructure, the 50-metre crown pillar, or historical production.
Development at the 100%-owned Sleeping Giant mine has already begun. A…
