OPERATION FOCUS- CASCAVEL_proof 23/08/2016 09:30 Page 1
OPERATION FOCUS
Brazil’s new high-grade gold mine
John Chadwick
explains the
excitement about
Orinoco Gold’s
Cascavel mine
he Faina Goldfields project is located in the
central Brazilian state of Goiás. It lies in a
rich but under-explored area which has
yielded numerous multi-million ounce deposits
such as AngloGold Ashanti’s worldclass 5 Moz+
Serra Grande mine and Yamana Gold’s 6 Moz+
Chapada gold/copper/silver mine.
Orinoco Gold believes “the Faina Goldfields
project has all the hallmarks of an emerging
mining camp, potentially with multiple
production centres.”
The project consists of a large tenement
package of approximately 200 km2 that
encompasses the key Cascavel, Sertão and
Tinteiro projects, as well as numerous advanced
gold exploration targets Espanola, Elisio,
Antenna and Xupe. Orinoco owns 70% of
Cascavel.
Managing Director Mark Papendieck
highlights the following:
I Potential to become on of the world’s highest
grade gold mines
I Simple gravity processing = low costs, strong
margins
I Outstanding growth potential
I Potential for multiple production centres.
Cascavel is now in production as a small-scale,
low cost mining operation. With production
underway, Orinoco is now seeking to expand the
mining operation to include additional
mineralisation from Cascavel as well as from
parallel gold lodes within 3 km of Cascavel.
Ultimately, mineralisation from the nearby Sertão
T
16 International Mining | SEPTEMBER 2016
project (also has a Mining Lease), which is
located on the same shear zone as Cascavel
approximately 18 km away, will also be targeted.
Cashflow from Cascavel is being used to fund
exploration and development in the larger area
of the Faina Goldfields project.
I 8,000 m of diamond drilling and extensive
bulk sampling completed by Orinoco
I More than 700 m of underground
development completed by June this year
I Permitted for initial mining
at rate of 50,000 t per
licence (currently on third
such licence)
I Conversion to full Mining
Lease in 2017 will allow
further expansion
I 100,000 t/y crushing and
gravity circuit constructed
on site, within 300 m of
underground portal
I Crushing and gravity circuit
can be easily and cheaply
expanded
I Free-milling and coarse
gold – no leaching required
(no cyanide, no grinding)
I Small environmental