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By Robert E. Charles

Much has been said about digital computer control of metal and mineral ore dressing processes, but little has been done. This pa- per discusses what practical use can be made today of a digital computer in an ore concentrator and how such application can be made successfully. A hypothetical, but commercially common, grinding and flotation circuit is presented in terms of analog measurements which can and are being made in existing plants and a centralized computer control system which is reasonable in terms of today's technology. Dangers and possible disadvantages of such an approach are discussed as well as estimated benefits. Possible future benefits are presented in terms of improved control technology. Development of new measuring devices is not considered as a criterion for computer benefits. The control systems described have been utilized successfully in existing ore dressing operations. However, the degree of success or failure of analog systems is generally left to the interpretation of management rather than absolute analysis. Many factors affect the economic operation of a mineral recovery circuit such as size of facility, flow sheet design, number of operating personnel, percent of recoverable mineral in the ore body, loss to tails, and haulage rates. In existing mills where little or no instrumentation has been used, it is extremely difficult to prove or disprove the advantage of analog control systems on one mill line versus its sisters due to the lack of standards and the lack of ability to separate final products by ton.

Jan 1, 1969

By Miroslaw M. Hajdasinski

A project's rate of return (ROR) [The list of all the acronyms used in his text is provided at its end.], be it an internal or external one, usually needs to be approximated. The success and efficiency of an approximation procedure depend on the quality of the initiating parameters such as bounds or seed values (guesses). Current approximation procedures commonly use bounds and guesses dictated by intuition rather then by mathematical consideration. The paper presents three ROR-bounding and six ROR-guessing approaches and examines their suitability on the examples of the typical project cash flow patterns.

Jan 1, 1996

By . A. Drouin, J. -M. Lalancette, D. Lemieux, C. Chouinard

"A gold bearing pyrite concentrate was treated at the demonstration scale (15 t/d) for the extraction of gold using a cyanide-free process. The pyrite was depressed in the flotation circuit in order to promote the flotation of copper and to achieve a sufficient copper grade to meet the copper smelter criteria. However, the recoveries of copper were 80% and only about 50% for the gold was found in the copper concentrate. The balance of the gold (50%) and copper (20%) contained in the pyrite concentrate as a reject from an overall flotation circuit. The gold grade in the pyrite concentrate is 5.40 g Au/t and copper about 0.77%. About 170 tons of pyrite concentrate were processed in the DST demonstration plant. The concentrate was first oxidized using a fluid bed to produce a calcine. Copper was then extracted as copper sulphate using diluted sulphuric acid. The residual solid was submitted to the DST chlorination process for gold extraction. Thereafter, the gold was recovered from the pregnant brine by precipitation over silica using DST proprietary process. The maximum gold recovery by chlorination was 90%. The average gold recovery by cyanidation of these calcines was 71%. INTRODUCTION Dundee Sustainable Technologies (“DST”) has developed a chlorination process as an alternative to the conventional cyanidation process for the extraction of precious metals from ores or concentrates. The technology offers viable and efficient gold recoveries and the ability to handle refractory ores and contaminated material (As, Hg, etc..). The process was successfully demonstrated on hundreds of samples provided by various mines, exploration and development projects and has evolved from laboratory experiment to demonstration at an industrial scale. DST’s chlorination process operates in a closed loop circuit, which implies that no liquid effluents are generated. The chemistry and process design allows precious metal deposits containing base metals to be treated viably. The tailings from the process are inert and non-toxic, sulphide depleted and thus non-acid generating. The efficiency of the process has demonstrated excellent gold recoveries within a fraction of the time needed for cyanidation to obtain similar results. The company completed in 2015 the construction of the first industrial demonstration plant operating with the DST technology. The plant has a capacity of 15 tons per day of mineral concentrate, and the ability to extract gold and silver utilizing DST chlorination technology. DST has tested its chlorination technology at demonstration scale on the refractory pyrite concentrate containing 5.40 g Au/t and 0.8 %copper. This auriferous pyrite concentrate, was by-product of copper concentrate respecting the copper smelter norms, is produced in a country where cyanide is prohibited and refractory to cyanidation. The pyrite concentrate was initially processed successfully (gold recoveries: > 90%) by the DST technology at laboratory (2011: 20 kg) and pilot (2014: 5 tons) scales to extract gold. About 170 tons of this pyrite concentrate were processed in the DST demonstration plant located in Thetford Mines."

Jan 1, 2017

By B. Goertz

Since the turn of the century the mining industry in the United States has had a number of serious mine explosions, fires and ground fall disasters that have led to a major re-evaluation of mine communication and rescue practices. One of the hindrances of current underground communication technologies is the potential of lost or cut connections when a serious accident, such as an explosion, fire, inundation or major ground fall, takes place. The Mine Improvement and New Emergency Response Act of 2006 (MINER Act)1 mandated that each underground coal mine in the U.S. must provide for two-way wireless, post-accident communications between underground and surface personnel as well as electronic tracking of underground workers One area that has gained renewed attention in the mining sector is Through-The-Earth (TTE) communication. TTE technology has a major advantage in that transceiver devices can be carried by miners and set up quickly during an emergency, since they require no wire connection to the surface. TTE technology uses ultra-low frequency (1 to 4 kHz) electromagnetic waves, requiring relatively large wire loop antennas and highly sensitive receivers. The signal bandwidth is narrow and the permissible antenna currents in coal mines are restricted, which has led to limited usability of TTE technology in the past, as evidenced in research studies conducted by the U.S. Bureau of Mines in the 1970s. Yenchek (2012)2 pointed out that recent advances in receiver and signal processing technology have enabled voice and text communication capabilities and much improved sensitivity that offers new possibilities for TTE communication in mining applications. One company that has been developing such technology is Vital Alert Communication Inc. Vital Alert has been providing TTE communications since 2003 with a growing focus on emergency response and portable systems. The company?s Canary® Go System is one such product that looks to provide reliable communication capabilities in a portable, user friendly unit that can be utilized both for normal operation and mine rescue scenarios. Researchers at the Colorado School of Mines (CSM) have tested the Canary Go TTE communications system in the CSM Edgar Experimental Mine to determine signal propagation distances, signal quality and aspects of practical application.

Feb 23, 2014

By T. M. Gurr

Large quantities of phosphate rock are mined and processed in Central Florida (Figure 1). The phosphate rock from the mines is further processed in "chemical plants" to produce phosphoric acid (Figure 2). A by-product of the processing' of the phosphate rock to produce fertilizer chemicals is an impure form of gypsum referred to as phosphogypsum. For each ton of phosphate rock processed, approximately 1.5 tons of phosphogypsum is produced (Figure 3). The typical method to dispose of this by-product gypsum is to stack it in large piles, locally referred to as gypsum stacks or gypsum fields (Figure 4). These gypsum stacks have been the focus of many studies in recent years in an attempt to identify the potential for ground water and/or air pollution associated with the stacks. This paper attempts to discuss some of the ground water impacts and current attempts to minimize these impacts.

Jan 1, 1990

By C. N. Speltz

The cost of transportation of industrial minerals is frequently higher than the cost of the product. Where a minc, industrial mineral plant. or customer is served by a single railroad, that single railroad, because of lack of competition, may increase rates and/or provide inadequate service so that the economics of that mine, plant or customer are adversely affected, or so that the level of service precludes satisfactory performance. Transloading of industrial minerals from rail-to-truck or truck-to-rail in order to improve economics and sales of product is not new. However, transloading to reduce freight costs or improve inadequate service caused by a lack of competition in the rail industry, is a relatively new concept brought on by the recent mergers of many of the main line railroads, both in the eastern and western United States. For example, with completion of the Burlington Northern/Santa Fe and the Union Pacific/Southern Pacific mergers, the western United States has only two mainline railroads. The industrial mineral producer, in order to reduce the cost of transportation, or increase the level of service, must evaluate potential transloading opportunities in light of higher prices and reduced service brought on by reduced railroad competition.

Jan 1, 1998

By Seth Pollak, Jon Hurt, Mark Havekost, David Vardiman, James Schick

"INTRODUCTION The Long Baseline Neutrino Facility (LBNF) Far Site Conventional Facilities are proposed to be sited at the Sanford Underground Research Facility (SURF) located within the former Homestake Gold Mine in Lead, South Dakota. The project involves excavation and support of three large caverns which will house four 10 kT fiducial volume liquid argon (LAr) neutrino detectors and cryogenic equipment, as well as numerous ancillary connecting drifts and chambers. This paper describes the geological setting of the project, the geotechnical investigation undertaken nearly a mile underground and the challenges associated with collection of reliable data in a high stress and geologically complex environment. The layout for the new facility will be presented, along with a description of some of the constraints that will impact construction, including shaft access and working within an operating research facility. THE LBNF PROJECT The global neutrino physics community is coming together to develop a leading-edge, dual-site experiment for neutrino science and proton decay studies, the Deep Underground Neutrino Experiment (DUNE). The facility required for this experiment, the Long-Baseline Neutrino Facility (LBNF), will be an internationally designed, coordinated and funded program, comprising the world's highest-intensity neutrino beam at the Fermi National Accelerator Laboratory (Fermilab) in Batavia, IL and the infrastructure necessary to support massive deep underground cryogenic detectors 800 miles (1,300 km) downstream at the LBNF Far Site at the Sanford Underground Research Facility (SURF), in Lead, South Dakota. The Deep Underground Neutrino Experiment is expected to achieve transformative discoveries, making definitive determinations of neutrino properties, the dynamics of the supernovae that produced the heavy elements necessary for life, and the possibility of proton decay. Neutrinos created by the LBNF beamline will travel on the 1,300 km (800 mi) path shown in Figure 1 leading straight through the earth's crust to intercept DUNE's massive, cutting-edge neutrino detector at the Sanford Lab. No tunnel is needed as neutrinos pass easily through soil and rock rarely interacting with the matter. The DUNE far detector will consist of four modules, each of which will be housed in a cryostat containing 17,000 metric tons of liquid argon target material, providing a 10kT fiducial volume. The LBNF Far Site Conventional Facilities project will excavate and fit out a set of four caverns 4850 ft underground in which to place them."

Jan 1, 2016

By A. L. Hinde

Ideally, mill circuits should be controlled so that excessive random disturbances are reduced in frequency and amplitude. It is difficult to derive an objective measure of the effectiveness of any chosen control strategy. Often, the response of the circuit to pulse or sinusoidal disturbances is used as a measure of the effectiveness of control, but this is not adequate in many circumstances because such disturbances bear little resemblance to those that occur in practice, and such an approach cannot be easily related to the profitability of the reduction process. A superior approach appears to be the application of the theory of stochastic processes. This theory permits both real process disturbances to be modelled accurately, and useful objective functions for control to be derived. A test of the usefulness of stochastic theory in mill control was made on the gold ore milling circuit shown in Figure 1. This circuit was fed with an ore which had a liberation characteristic such as that shown in Figure 2. It is simple to show that, for such a liberation characteristic, the recovery of valuable mineral will vary as the standard deviation of the particle mass-size distribution varies even though the mean particle mass-size is kept constant. Similarly it may be shown that excessive perturbations in the circulating load in a milling circuit such as that shown in Figure 1 can affect liberation. Figure 3 shows how, as the cyclone feed density increases and the sump water addition decreases at constant sump level, the cyclone operation becomes unstable and the discharge "ropes? with a consequent catastrophic coarsening in product size. By minimising the variance of the circulating load it is possible to reduce the probability of initiating instabilities of this nature.

Jan 1, 1977

By J. E. Feddock

To succeed in today's competitive coal market, coal companies must continuously improve production and lower cost. However, the coal industry's historical management practices must change to remain viable? The practices of the current day efficient coal mine manager are reviewed and examined using W. Edwards Deming's definition of management. The statistical tools, including Pareto Charts, Control Charts and Scatter Diagrams, which identify the problems management must approach differently to increase productivity at a coal mine, are discussed.

Jan 1, 1993

By Herry Poernomo, Agus Prasetya, Iga Trisnawati, Himawan Tri Bayu Murti Petrus, Gyan Prameswara, Panut Mulyono

We studied yttrium extraction from untreated zircon sand processing waste tailings. Xenotime mineral as the rare earth element source with an abundance of yttrium (REY) was detected in sufficient grade for extraction. As much as 9.03% yttrium exists in zircon tailings (analysed by X-ray fluorescence spectrometry). The presence of yttrium was confirmed by X-ray diffractometry in xenotime minerals, which are yttrium carriers (Y-PO4). The purpose of this research was to determine the effect of leaching conditions on yttrium recovery from zircon sand after alkaline fusion treatment. Alkaline fusion was chosen to decompose phosphate into hydroxide in the xenotimemineral,which will reduce further required hydrometallurgical processing.Alkaline fusionwas carried out for 3 h at 450 °C, with a ratio of sodium hydroxide to zircon tailings sand of ~ 1:1. The alkaline fusion product was leached with water, followed by hydrochloric acid treatment to leach the yttrium. Yttrium recovery reached 87% under optimum conditions (60 °C, 1MHCl, and solid-to-liquid ratio = 1/10 for 7.5 min). A suitable model for yttrium dissolution with hydrochloric acid was diffusion through a solid particle ash layer. The calculated activation energy (EA) for this model was 20.21 kJ/mol.

May 26, 2020

By Steven Keim, Steven Stansfield, Kevin Andrews

Geotechnical, geological, and hydrogeological fieldwork and data collection for the mining industry is often conducted by younger, less-experienced staff members. In many cases, fieldwork personnel are recent college graduates or are otherwise relatively new to the mining industry. Due to busy schedules, staffing shortages, project budgets, and in some cases, poor management, new fieldwork hires often do not receive thorough training. In the past and the present, many workers in the mining industry learn(ed) by “doing.” While this is still considered to be the most practical approach and the easiest way for a company to determine the skill set of an employee, there is always some risk involved in the “feet to the fire” method. The reality is that field personnel are often collecting data on which major operational decisions will be made or on which regulators will base enforcement decisions. Inadequately trained or inexperienced field personnel may collect inaccurate data or fail to recognize key conditions that may influence decisions made by regulators, design engineers, mine managers, and corporate leaders. Even the best engineers may come to incorrect conclusions if they are starting with poor input data. Decisions based on inaccurate data often result in delays, budget issues, unsafe conditions, or even worse consequences. This paper provides numerous mining industry examples of incidences where inaccurately collected field information did, or could have, resulted in major adverse consequences. The paper also offers some simple approaches to minimizing the potential for such problems.

Jul 1, 2023

By Patricia Pride, Mike Robison, Jon Bergenthal, Wojciech Klecan

"The Lower and Middle River Des Peres (LMRDP) CSO Storage Tunnel is the largest single component of Metropolitan St. Louis Sewer District’s (MSD) CSO control system improvements planned to meet consent decree requirements for MSD’s Lemay Service Area. The 13.7-km (8.5-mile) long, deep, hard rock tunnel will have a finished diameter of 9.1 m (30 ft). Beginning at the Lemay Wastewater Treatment Plant (WWTP), the alignment follows the channelized River Des Peres to the outfall of the existing Forest Park tubes, as indicated in Fig. 1.The project includes three construction shafts, 34 intakes and a deep, cavern-style pump station located adjacent to the WWTP. The tunnel will be driven from the Defense Mapping shaft to the Macklind shaft. Another shaft is located near the midpoint at the tunnel in River Des Peres Park.The Forest Park intake, located at the upstream end of the tunnel just beyond the Macklind shaft, is a large, tangential vortex intake structure. With a peak flow rate of 170 m3/s (6,000 cfs), it will have a 6.1-m (20-ft) diameter dropshaft to transfer flow into the tunnel.The project includes another three large tangential vortex-flow intake structures with peak flow rates ranging from 28 to 44.5 m3/s (990 to 1,570 cfs). These large intakes are located at points where three large sewers (formerly creeks) enter the River Des Peres. Dropshaft diameters for these intakes range from 3 to 3.7 m (10 to 12 ft) in diameter. The 30 remaining intakes are smaller tangential vortex-style, with dropshafts in the range of 0.8 to 1.7 m (30 to 66 in.) in diameter.Each intake structure drops flow into a deaeration chamber constructed adjacent to the tunnel at tunnel depth. Intake tunnels transfer flow from the deaeration chambers to the main tunnel. Most of the intake tunnels are short. However, two are long. The Glaise Creek tunnel will extend 762 m (2,500 ft) from the main tunnel to the Alaska Park intake, while the Rock Creek tunnel will extend 823 m (2,700 ft) from the main tunnel to the Rock Creek intake. The dewatering pump station, located at the downstream end of the tunnel, will be built inside a large, horseshoe-shaped cavern with two access shafts. Excavation of the cavern and its access shafts will be performed by the tunnel contractor. Build-out of the dewatering pump station will be performed under separate contract."

Jun 1, 2019

By Wayne D. Gould

The Cities Service Company's Pinto Valley mine and concentrator lie about 6 miles west of the town of Miami, Arizona at an elevation of approximately 4,000 feet above sea level. The concentrator started its first ballmill in July 74 and all six were available by November. Every effort was made to reduce capital costs, consequently, each unit process was studied critically to eliminate excess capital costs without loss of efficiency. Equipment selection was made on the basis of proven dependability and operating costs rather than on low bids. The result is a very workable plant with some important innovations. The concentrator is nominally 40,000 tons per day. The flowsheet is typical with 3 stage crushing, single stage closed circuit grinding, flotation, regrinding of rougher concentrate and cleaning of the rougher concentrate. The major equipment list is: 1 60 x 89 Traylor Primary Crusher 1 84" x 20' Stevens-Adamson Apron Feeder 3 7' x 16' Double Deck Tyler Screen 3 7' Nordberg Standard Crushers 6 8' x 20' Tyler Screens

Jan 1, 1975

By V. T. McLemore

"Lindgren (1933) defined a belt of alkaline-igneous rocks associated with large quantities of gold and rare earth elements (REE) that extends from Alaska and British Columbia southward into New Mexico, Texas and eastern Mexico. The North American Cordilleran alkaline-igneous belt since has been exploited for numerous types of mineral deposits. In New Mexico, Mid-Tertiary alkaline to calc-alkaline rocks are found with seven types of deposits in these districts: (1) polymetallic epithermal/mesothermal veins, (2) gold-bearing breccias/quartz veins, (3) Cu-Au, Au and Mo porphyry deposits, (4) skarns and carbonate-hosted deposits, (5) iron skarns and replacement bodies (with some gold), (6) gold placers, and (7) Th-REE (with some U, Nb) epithermal veins. Some of New Mexico’s largest gold and REE deposits are found within this belt. Their origin is not well understood, but a compilation of new data (age dates, isotopic and chemical analyses) allows for a better understanding. The diversity of igneous rocks and associated mineral deposits along this belt suggests that this region is characterized by highly fractionated and differentiated; multiple pulses of magmas and involves both upper mantle and lower crustal sources. Once magmas and metal-rich fluids reached shallow levels, local structures and wall rock compositions determined distribution of and final style of intrusions and resulting mineral deposits. INTRODUCTION Lindgren (1933) was one of the first geologists who noted that a belt of alkaline-igneous rocks extends from Alaska and British Columbia southward into New Mexico, Trans-Pecos Texas, and eastern Mexico (Fig. 1) and that these rocks contain relatively large quantities of gold, fluorine, zirconium, rare earth elements (REE), and other elements. Since then, the North American Cordilleran alkaline-igneous belt has been explored and exploited for numerous types of mineral deposits, especially gold. The North American Cordilleran alkaline belt is a north-south belt of alkaline igneous rocks and crustal thickening, roughly coinciding with the Great Plains physiographic margin with the Basin and Range (Rio Grande rift) and Rocky Mountains physiographic provinces (Mutschler et al., 1985, 1991; Bonham, 1988; Thompson, 1991a; Richards, 1995; McLemore, 1996; Jensen and Barton, 2000; Kelley and Luddington, 2002). Deposits within this belt have produced significant amounts of gold in the United States and Canada and include Cripple Creek, Colorado (702 metric tons of gold production), Black Hills, South Dakota (235 metric tons gold production) and Landsky-Zortman, Montana. In New Mexico, the North American Cordilleran alkaline belt extends from the Sangre de Cristo Mountains near Raton, southward to the Cornudas Mountains, in the northern Trans-Pecos alkaline belt (Fig. 2). The alkaline-igneous related mineral deposits in New Mexico have been referred to as Great Plains Margin (GPM) deposits by North and McLemore (1986, 1988) and McLemore (1996, 2001). Alternative classifications by other workers include Au-Ag-Te veins (Cox and Bagby, 1986; Bliss et al., 1992; Kelley et al., 1998), alkalic-gold or alkaline-igneous related gold deposits (Fulp and Woodward, 1991a; Thompson, 1991a, b; Bonham, 1988; Mutschler et al., 1985, 1991; Richards, 1995), porphyry gold deposits, and the North American Cordilleran belt of alkaline igneous rocks (Woolley, 1987; Mutschler et al., 1991)."

Jan 1, 2015

By Donald L. Freed

Design, development, factory test, and in-mine evaluation plans are presented for an Automated Extraction System (AES) that has been designed to fill needs which are present in the Mining Industry. The philosophy of design and proposed operation of the machine, as well as the relationships between these factors, and final machine configuration are reviewed. The AES is designed to overcome production problems resulting from the regulation of roof control, clean-up, ventilation, dust suppression, and operator protection required by the Federal Coal Mine Health and Safety Act of 1969. The design permits more continuous operation and greatly improves operator safety. The machine is a full-face drum-type continuous miner which includes self-advancing, continuous temporary roof support. Onboard self-advancing face ventilation, dust suppression, and air scrubbing equipment are also included in the design. A further improvement over existing equipment is the incorporation of an automatic programmed cutting cycle control system. All mining functions including movements of the roof support system are handled by this automatic system.

Jan 1, 1977

By Derek J. Barratt

The existence of a critical size buildup in an autogenous or SAG mill can be predicted from proper examination of drill core and ore samples. Methods of dealing with such critical size in a primary mill are reviewed in the context of ore properties, whether or not pilot plant-scale testwork has been conducted, and also with respect to the design of new plants or the retrofitting of existing operations. The implications of not planning for pebble crushing in situations where it is appropriate are discussed.

Jan 1, 1992

By J. Philip Bromberg

Any effectuation of a viable program of air pollution control will' require a basic understanding of the chemistry of atmospheric processes, the fate and migration of SO2, and the ultimate health effects of the sulfur oxides themselves. The migration and ultimate fate of Sop discharged into the atmosphere will be discussed with particular emphasis on the various conflicting views and how these relate to our present emission control regulations. Our present lack of knowledge is a severe detriment, and consideration will be given to those particular areas where future research may best be directed to provide the answers to a number of perplexing questions.

Jan 1, 1976

By R. L. Lewis

The White Pine Mine is the second largest active underground copper mine in the United States, covering an area of approximately 34 km2 in the Upper Peninsula of Michigan. A numerical flow model of the White Pine Mine was constructed to evaluate engineering controls that would reduce the rate of mine water discharge after closure. Of the passive controls evaluated, the placement of low-flow bulkheads within the mine workings was predicted to offer the greatest benefit, reducing the rate of discharge by as much as 35 percent.

Jan 1, 1996

By Christopher Mark

Area wide pillar failures, or “squeezes,” were once fairly common in underground coal mines. While rare today, they do occur. This paper describes seven case histories that were investigated by MSHA Technical Support. They occurred across the range of US coalfields, in both longwall and room-and-pillar mines, and involved development mining, pillar recovery, longwall panel extraction, and multiple seam interactions. Significant lessons from each are discussed.

Jun 25, 2024

The latest resource estimate for the Caspiche gold/silver/copper project in the Maricunga region of Chile was released by gold explorer Exeter Resource Corp. The resource is low grade, but bulk minable and drilling to date has shown a NI 43-101 compliant inferred resource of 1,117 Mt (1.23 billion st) grading 0.55 g/t (0.016 oz/st) gold, 3.81 g/t (0.111 oz/st) silver and 0.22 percent copper. Exeter said these findings make the in situ metals amounts of 609 t (19.6 million oz) of gold, 4.4 kt (137 million oz) of silver and 4.84 billion lbs of copper, which the company relates as 33.7 million gold equivalent ounces using assumed metal prices of $23.33/g ($800/oz) for gold, 35 cents/g ($12/oz) for silver and $2/lb for copper. The deposit is almost midway between Barrick?s Cerro Casale gold deposit and Kinross? Refugio Mine. In a statement Exeter chairman Yale Simpson said ?This updated resource estimate places Caspiche firmly among the world?s largest gold-copper discoveries in recent years and clearly supports our decision to aggressively drill the property, despite the global economic decline. ?We expect that the very substantial copper and silver credits will be extremely important, and will markedly impact the potential viability of Caspiche. Specifically, using metal prices of US$2/lb copper, $23.33/g ($800/oz) gold and 35 cents/g ($12/oz) silver, the 4.84 billion lbs of copper and 4.2 kt (137 million oz) of silver are equivalent to 376 kt and 62 t (12.1 and 2 million oz) of gold, respectively. ?Our recent drilling has defined what appears to be a coherent higher grade central zone associated with a definable early stage diorite intrusion. We expect this zone will be important in developing various mining and economic models for the project,? Simpson said. Exeter is still drilling the deposit to expand the re-source estimate further to the southeast and at depth and to upgrade the higher grade central zone to the indicated category. Simpson said, ?Exeter intends to enhance the value of Caspiche by continuing to de-risk the project through ongoing exploration, metallurgy, engineering, water and environmental studies. These studies will continue through the next 12 months and will lead to a conceptual development study. A timeline for the release of that study is being formulated. The project budget for the next 12 months is C$14 million.? Mineweb reported that Caspiche is likely too big of a deposit and at too high of altitude for Exeter to handle alone. Exeter will be looking to other majors, or perhaps the Chinese, to help develop this huge orebody. But, in the meantime, it also has its high grade Cerro Moro deposit in Argentina, which could be brought to production relatively quickly and at relatively low cost.

Jan 1, 2009