Bringing High-Grade Gold to Life
Welcome to The mg游戏手机App Mine.
This is one of the highest-grade gold mines on the planet.
Our Phase One mine is in production, and our growth story has only just begun.
Phased Organic Growth Strategy. Our vision is pure and simple. To build a highly profitable, multi-generational growth company in the world-class gold mining district of Red Lake. Our disciplined plan is sensible and financially sound: to develop our mg游戏手机App Mine incrementally, step-by-step, using a Phased approach. Our value-maximizing strategy is to pursue operational excellence today, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.
Phase One Feasibility Study. Based on the 2019 Feasibility Study1 (here), our Phase One Mine began construction in 2019 and poured first gold in December 2020. Mining to a depth of over 1 kilometre below surface and processing ore at a rate of 800 tpd, our Phase One Mine is expected to produce over 1 million ounces of high-grade gold over a 12-year mine life. We built our Phase One Mine to be scalable. With cash flow generated from gold production, we will pursue a phased organic growth strategy and continued expansion along our 7-kilometre-long Gold Corridor.1
Phase Two Optimization. Even before we finished Phase One, we began work on Phase Two Optimization to maximize the value of our mine and set the stage for expansion. A second ramp access underground. Fine-tuning the processing facilities. Accelerating access to deep high-grade zones. Recommissioning the shaft and hoist. Phase Two is already underway to ensure the mg游戏手机App Mine achieves its full potential.
Phase Three Expansion. Our objective is to significantly increase our high-grade gold resource and reserve numbers, thereby transforming mg游戏手机App into Canada’s next iconic gold producer. Our strategy for Phase Three is to incorporate existing and newly-discovered mineral resources that lie outside of the Phase One footprint into an expanded mine plan – fueled by our continuing and highly-successful exploration and expansion drilling program along our 7-kilometre-long Gold Corridor and across our 47km2 land package.1
An Overview of the mg游戏手机App Mine
The mg游戏手机App Mine is located in Red Lake, Ontario, Canada, one of the world’s richest and most prolific gold mining districts. Located primarily on patented claims, there is year-round access to the property via Ontario Highway 618. Numerous secondary roads transect the 4,700-hectare property providing simple access for exploration and development. The district also benefits from scheduled commercial air services to the Red Lake Airport via Thunder Bay and Winnipeg.
Our underground operation utilizes a combination of longhole stoping, conventional cut-and-fill, and mechanized cut-and-fill mining methods. Processing includes conventional crushing and grinding, followed by gravity concentration to recover free-milling gold, followed by pre-oxidation, leaching, carbon in pulp circuit and electrowinning, and refining to produce doré gold.
We believe that this will become a multi-generational mine, and mg游戏手机App will be Canada’s next iconic gold producer.
- Mining Method: Underground
- Processing: 800tpd Gravity/CIP Plant
- Gold Recovery: 95.8%
Upcoming 2021 mg游戏手机App Milestones.
- Q3 2021 Ongoing Ramp-up and Commissioning
- Q3/Q4 2021 Updated Mineral Resource Estimate
- Q3/Q4 2021 Commercial Production
1See the National Instrument 43-101 technical report entitled “Madsen Gold Project Technical Report, Feasibility Study for the Madsen Deposit, Red Lake, Ontario, Canada” with an effective date of February 5, 2019 and dated July 5, 2019 for complete details, available on the Company’s website at www.czxyxc.com or Sedar profile at www.sedar.com.