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28 THE ESPLANADE PERTH WA , 6000
P: 08 9261 6100
www.resolute-ltd.com.au

SARSFIELD

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About: The Sarsfield expansion project is part of the Ravenswood gold mining operations located 65 kilometres east of Charters Towers and 150 kilometres south west of Townsville in north east Queensland, however, despite identifying considerable savings on operating and capital costs to recommence mining at the Sarsfield open pit, the project remains on-hold because of the low world gold price.

Sarsfield Open pit ore Stockpiles Have Been Getting Treated at the Ravenswood Gold Treatment Plant

The Ravenswood gold mining operation has been sourcing its ore from the Mt Wright underground gold mine and from ore stockpiles that have previously been mined from Bucks Reef, Nolans and Sarsfield deposits. Gold bearing ore from all sources is treated at the Ravenswood gold treatment plant using the conventional crushing, ball milling and carbonin-pulp (CIP) processing method with a gravity circuit that allows for the recovery of free gold.

The Sarsfield Open pit is Owned by Resolute Mining Limited

The Sarsfield Project is to be managed by Carpentaria Gold Pty Ltd which is wholly owned by Resolute Mining Limited who purchased it from Xstrata Queensland Limited. Resolute Mining Limited is planning to expand its open pit gold mining operation at Ravenswood by recommencing mining at the Sarsfield open pit at the same time as it extends the Nolans Pit floor. Mining of the Sarsfield pit would be undertaken in the usual way of drilling and blasting, removing the overburden and mining the underlying ore with the use of a shovel and fleet of haulage trucks. The Ravenswood Gold Treatment Plant will treat the ore mined from the Sarsfield open pit which will raise its throughput to five million tonnes annually for the next 20 years.

The Ravenswood goldfield was discovered as far back as 1868 and since that time has produced more than two million ounces of gold. The total amount of gold in the locality is estimated to be around five million ounces.

Sarsfield Gold Deposit Discovered in 1994

Carpentaria Gold pegged exploration permits in the area in 1978 and commenced mining there in 1987 using a 0.25 million tonnes a year processing plant along with a heap leach operation. The Nolans gold deposit was discovered in 1992 and the low grade Sarsfield deposit was discovered two years later, although it did bring with it a quite large tonnage. In order to handle the extra workload Carpentaria Gold built a new CIL plant at the Nolans deposit in 1995 which was later expanded to handle 4.5 million tonnes of ore a year. The main source of supply at this stage was from the Sarsfield open pit with smaller amounts being sourced from the Bucks Reef West satellite underground mining operation that was finally depleted in 2004.

Sarsfield Open pit Operated in the Conventional Manner

The Sarsfield open pit gold mine was operated as a conventional hard rock drilling and blasting operation. Mining at the Sarsfield deposit was rather selective with four flitches across a ten metre blast bench. At its peak it was moving from between 18 and 23 million tonnes of material a year. The pit reached a depth of over 80 metres with plans to take it to 280 metres. Sarsfield open pit gold bearing ore was able to be beneficiated because of the contrast between its soft gold bearing veins and the high strength barren host rock. The beneficiation plant treating the Sarsfield ore recovered 84 percent of gold in 63 percent of rock treated.

Resolute Mining Limited is an international gold mining company that operates gold mines in Australia and Africa. It is one of the largest gold miners listed on the ASX (Australian Securities Exchange).

Resolute Mining Ltd

Projects for Resolute Mining have yielded more than 6million ounces of gold. The company is actively wanting to add to its portfolio of projects with further exploration in Africa and Australia.Resolute Mining are looking positively at FY2013 and expect to exceed their FY2012 production figures of...........read more

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Resolute Mining Ltd
28 The Esplanade
Perth, WA 6000

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Phone0892616100

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SARSFIELD

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