The Rainy River project constitute gold mining project which is located in Richardson Township, Approximately 65 kilometers northwest of Fort Frances in northwestern Ontario. This mine project managed and owned by New Gold Inc which is the intermediate gold producer.
The property is centered in the Richardson Township at northwestern Ontario, approximately 160 kilometers south of Kenora and 420 kilometers west of Thunder Bay. The property has exceptional infrastructure with access road, electrical wires, and railway 21 kilometers south of the property.
The project estimated to be productive a 21,000 tonnes per day processing of a combination of open pit, underground and stockpiled ore. The project is expected to produce 325,000 ounces of gold per year to below the industry average cost. New Gold intends to pursue the possibility of higher grade ounces to the project early years, and increasing processing lower grades from the processing of storage at the finish of the mine life , with the goal of cash flow and to improve profitability of the mining project.
Exploration on Rainy River Gold Project began in 1967 with Noranda, International Nickel Corporation of Canada, Hudson Bay Exploration after that by Development and Mingold resources until operating in 1989. The Ontario Geological Operating survey geological mapping in 1971 and again in 1987 to 1988 in connection with a rotasonic overburden drilling program.
Nuinsco began to conduct exploration activities on location between 1990 and 2004. In June 2005, Rainy River to Ream acquired a 100% interest in the project from Nuinsco. Nuinsco drilled from 1994 to 1998 to a series of widely spaced reverse circulation (RC) drill holes fifteen kilometers far, Nuinsco a series of diamond drill program completed to assess the mineral potential of the anomalies that led to the original discovery of the 17 zone in 1994
After acquisition in 2005 Rainy River Resources key sections relogged the historic core on the property drilled, and then enter all the data into a GIS database.
Geology And Mineralization In Rainy River project
Rainy River project consists of several multiple volcanogenic-style gold deposits situated within the Late Archean Wabigoon Subprovince of Ontario. Local stratigraphy comprises a series of tholeiitic mafic volcanic rocks structurally overlain by calc-alkalic dacitic metavolcanic rocks that host the bulk of gold mineralization in the district.
Mineralized zones generally follow the regional northwesterly strike and southerly dip of stratigraphy. The largest of these, the ODM / 17 Zone extends 1,600 meters along strike, 975 meters down dip (open at depth), and has a true width of 200 meters.
Three main types of gold mineralization have been auriferous sulfide ¬ ± quartz stringers and veins in felsic quartz phyric rocks (ODM / 17, Beaver Pond, 433 and HS zones), quartz-ankerite-pyrite shear veins in mafic volcanics (CAP /: Rainy River identified South zone) and sulfide-containing silver-enriched quartz veinlets in dacitic tuffs and breccias (Intrepid zone).
Identified most of the gold mineralization to date in the sulphide occurs stringers and veins within the felsic quartz bearing rock phyric. In a fourth type of mineralization of copper-nickel-platinum minerals occurs a little, young mafic-ultramafic intrusion (34 Zone) within the main cluster of gold and silver deposits located. All deposits Demonstrate a certain degree of deformation, with the exception of copper-nickel-platinum-bearing type.
Exploration Potential Rainy River
The Rainy River project represents one of Canada’s newest emerging gold districts. The Rainy River was explored for the first time for nickel sulphide mineralization in the mid-1960s. The final recognition of district gold potential in 1988 and led to the discovery of gold mineralization of stratiform auriferous volcanogenic style sulphide deposits.
So far, exploration efforts have been delineated become 3.8 million ounces of gold reserves is plus additional 2.7 million ounces of measured and indicated resources. As the project advances toward its mid-2017 target for the start of commercial production, New Gold continues to focus on the discovery of additional gold resources with the potential to enhance and extend the commercial life of the project.
Video Rainy River Gold Project New Gold Inc
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