Selective Open Pit Mining and Ore Treatment at Croydon Gold Mine, North Queensland

The Croydon Gold Mine is located in northwest Queensland and is a joint venture between Central Coast Exploration N.L. and Pancontinental Mining Ltd. The mining operation commenced in 1987 and consists of satellite open pit mines feeding a central Carbon-In-Pulp gold Treatment Plant. The gold mineralisation is hosted by quartz veins within the Croydon Volcanic Group and the Esmeralda Granite, a cogenetic igneous suite of Middle Proterozoic age. The mineralisation comprises gold and silver with associated basemetals. The gold and silver electrum occurs as extremely fine free grains. The gold distribution is heterogenous occuring across the full vein width, or restricted to the footwall or hangingwall. The average mineral resource grade is 3.5 g/t. The deposits are all hard rock and mining is carried out by drill and blast technique. All mining activity is carried out by a mining contractor. Mining is by a selective mining method which entails the drilling, blasting and extraction of the hangingwall waste prior to orebody extraction.