The Toka Tindung Gold Project Northern Sulawesi, Indonesia

Astute exploration on the northern Minahasa Peninsula, North Sulawesi, resulted in the discovery of the Toka Tindung, Pajajaran, Blambagan and Araren low-sulphidation quartz-adularia vein and stockwork gold-silver deposits. Combined, these deposits have estimated mineral resources in excess of I Moz gold at an average grade of 2.8 gAu/t and 7 gAg/t and are known as the Toka Tindung Gold Project. Gold typically occurs as fine grained electrum and is often associated with acanthite. The structurally controlled mineralised veins are hosted by Late Pliocene plagioclase and pyroxene-phyric basaltic andesite volcaniclastics and flows which form part of the Early Miocene to Pleistocene Sulawesi-East Mindanao Arc. Silica-adularia alteration dominates the volcaniclastic host of the Toka Tindung deposit. K-Ar dating of vein adularia indicates a 2.16 ¦ 0.04 Ma mineralisation age. Relatively narrow envelopes of silicification and argillisation surround the chalcedonic silica, quartz and adularia veins, stockworks and breccias at the other three deposits. Remnant hydrothermal breccias, chalcedony and anomalous arsenic, antimony and mercury indicate these gold deposits were part of a mineralised geothermal system.As of June 1997, Aurora Gold Ltd is finalising a feasibility study on exploitation of the four deposits and treatment of ore through a centrally located conventional CIP plant. Subsea tailings disposal is anticipated. Favourable metallurgy of the ore and logistics of the project area assist in minimising capital requirements.