Big Ridge Gold Corp
Big Ridge Gold Corp. is a TSX Venture Exchange listed gold exploration company trading under the symbol BRAU. The Company owns and operates gold exploration projects in Newfoundland, Manitoba, Quebec and Ontario.
In Newfoundland, Big Ridge can earn up to an 80% interest in the past producing Hope Brook Gold Project. Hope Brook is an advanced stage, high-grade gold project that produced 752,162 ounces of gold from 1987 – 1997. It is located 85 kilometers east of Port Aux Basques, Newfoundland. The project has well maintained infrastructure on site, including an operational 28-person camp, a 1,100-meter airstrip, ice-free docking facility and importantly, connection to the provincial electrical power grid via an on-site substation. Significant exploration potential remains on the 26,000-hectare concession providing a great opportunity to expand the mine area as well as surface showings throughout the concessions.
Hope Brook Gold Project, Newfoundland
Ownership and Size
Big Ridge – earnings up to 80%; 1,056 mineral claims totaling 26,400 Ha
Advanced Exploration: The property hosts the Hope Brook deposit that consists of the Mine Zone and 240 Zone. The Hope Brook deposit is open along strike and at depth.
Hope Brook NI 43-101 Resource Estimate (2015)* 3.0g/t cut off
The resource estimates described above are historical estimates as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects S.2.4 (“NI 43-101”). Big Ridge has not completed sufficient work to independently analyze and verify the results of previous operators nor has a qualified person completed sufficient work to classify the estimates as current resources or mineral reserves and should not be relied upon.
Location and Infrastructure
Southwest coast of the island of Newfoundland, in the Province of Newfoundland and Labrador, Canada. The property hosts a 28-person camp, existing tails storage capacity, a 1,100m airstrip and is connected to grid power.
BP-Selco made the Hope Brook discovery in 1983 and the mine was put into production in 1987. The Hope Brook Mine operated from 1987 until 1997 and produced 752,163 ounces of gold during that time.
- The Mine Zone and 240 Zone remain open along strike and at depth;
- Current high-grade gold resource consisting of 844,000 ounces of gold in the Indicated category and 110,000 ounces of gold in the inferred category;
- Several additional targets have been identified through grab sampling, channel sampling and limited drilling with no or limited follow-up work;
- Significantly de-risked with respect to processing based on 10 years of production;
- Located in a mining friendly jurisdiction with access to skilled labour
To learn more about Big Ridge Gold Corp, go to https://bigridgegold.com/
To learn more about the activity in the Newfoundland area and to view the Newfoundland map, go to https://digigeodata.com/area/newfoundland/