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Bottom-up Stacks & Crowns Longitudinal Retreat Open Stoping - Conceptual Study of Likely Stress and Deformation Effects
Gold mineralisation within the Obuasi area has a proven continuous lateral extent of about 8 km along strike and continues to an explored depth of over 2000m below surface. The main shear dips steeply to the north-west at 70º and is deformed resulting in an anatomising structural pattern. Characteristic of this type of shear hosted deposit is the development of strong pinch and swell structures.
There are variations in thickness, continuity, dip and strike of mineralised lodes. The result is a complex geological structure with unpredictable geometry and grade distribution. High-grade zones within the ore shears are surrounded by barren or very low-grade shear or host rocks. There are two main mineralisation types. The main historical source of high grade ore is from quartz veins in shear zones associated with free gold. The second type is disseminated sulphides (arsenopyrite predominant) in metavolcanics and metasediments. The ore zones are defined by the presence of mineralised quartz or presence of sulphides.
The narrow secondary shears now becomes the focus of mining and will form the core mining of any future deeper level extraction, below 1500m.
Obuasi Mine is situated along a north easterly striking 300 km wrench fault system known as Ashanti volcanic belt. This belt is the most prominent of the five Birimian Supergroup gold belts found in Ghana and comprises sedimentary and mafic volcanic rocks. The Birimian was deformed, metamorphosed and intruded by syn and post-tectonic granitoids. Folding trends are dominantly north east.
Rick Rule's presentation at the New York Hard Assets Conference earlier this week sees some light for the informed junior resource investor despite current patterns which have mostly been Bad or Ugly!
Aaron Kennon suggests questions to ask, what specialized knowledge your adviser should know and why small-cap and junior resource equities are offering surprisingly thrilling returns. Gold Report interview.
Silvercorp reports strong financials Friday, despite a drop in net income during the last quarter of its fiscal 2012.
Markets were finally good to juniors late this week with gains across the venture and main board in Toronto for junior miners and explorers on Thursday and Friday.
Toronto-based Inmet plans to use the proceeds of the debt offer to fund construction of its Cobre Panama copper/gold project in Central America.
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