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Location map
Yanacocha Verde
El Tapado east
and west Kupfertal
Chaquicocha
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3
Chaquicocha Sulfide
Underground Drilling Scenario for Reserves
- Main Body -
Grid = 200m
Massive Silica
Scenario utilizes as much massive silica as possible and stays above the water table 3790.
Drill laterals at 3800 level.
Some argillic would likely be encountered in first 400m.
Drill spacing planned at 25m - optimum determined from drill spacing simulation study.
Geotechnical drilling likely required along decline route minimum 10 holes.
CHAQUICOCHA SULFIDE
UNDERGROUND DRILLING SCENARIO
ADVANTAGES
-More accurate to test the targets
-Facilitate the geology understanding in gold high grade (Coarse
gold).
-Less cost than drilling surface ???
-Facilitate the gold high grade underground targets exploration
DISADVANTAGES
-Rock quality problem, native sulfur
-Water table issues, PAG
-Time to targeting access is longer than surface
-Safety issues, prepare people to operate new method work.
CHAQUICOCHA UNDERGROUND RESOURCES
December 2009
Cu Initial Target Au
Tonnes Initial Target
grade Endowment Cu grade
(T) Endowment Oz
% Mlbs g/t
6
Potential Chaquicocha Sulfide Underground Development Timeline
Assumes S3 Decline from SE Oxide Pit Wall, S3 & S4 Combined
Gate Duration (yrs)
Stage 1 Business Evaluation: Advance Viable Business Opportunity Q1 2010 0.5
Stage 3 Scope Development: Select a Single Option to Achieve a Business Case Q2 2014 2.5
Initial Exploration Decline (~800m) Q4 2012 - Q3 2013
Reserve Drilling (Pit surface low angle + underground drilling) Q1 2012 - Q3 2013
Start Project Permitting Q1 2014
Stage 4 Project Definition Single Option, Ensure Predictable & Competitive Q4 2015 1.5
Final Plant Design Q2 2014 - Q3 2015
Final Mine Design Q3 2014 - Q3 2016
Declare Reserves (portion of main ore body - 2 yrs production minimum) Q4 2014
Conclusion: Timeline yields a production when YGM still processing Deep Transition stockpiles.
8 years
Notes: 1. Feasibility Design on Plant in 2011 after determining flow sheet options in 2010, skips a pre-feasibility design phase.
2. Decline in 2013 after some NRM declared.
3. NRM declaration in 2011 based on Stage 2 surface drilling and feasibility plant design.
4. Permitting for both decline & project run independent of CEP.
5. Basic process plant design based on S2 mine design as cannot afford to wait for decline development, would result in 1.5 yr delay.
6. Final design engineering starts in advance of Gate 4. 7
CHAQUICOCHA UNDERGROUND DESIGN
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CHAQUICOCHA UNDERGROUND DESIGN
9
CHAQUICOCHA UNDERGROUND
DRILL PROGRAM 2010
100
CHAQUICOCHA UNDERGROUND
DRILL PROGRAM 2010
Shape 2.5
slotes
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12
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14
Potential Chaquicocha Sulfide Underground Development Timeline
Assumes S3 Decline from SE Oxide Pit Wall, S3 & S4 Combined
Gate Duration (yrs)
Stage 1 Business Evaluation: Advance Viable Business Opportunity Q1 2010 0.5
Stage 3 Scope Development: Select a Single Option to Achieve a Business Case Q2 2014 2.5
Initial Exploration Decline (~800m) Q4 2012 - Q3 2013
Reserve Drilling (Pit surface low angle + underground drilling) Q1 2012 - Q3 2013
Start Project Permitting Q1 2014
Stage 4 Project Definition Single Option, Ensure Predictable & Competitive Q4 2015 1.5
Final Plant Design Q2 2014 - Q3 2015
Final Mine Design Q3 2014 - Q3 2016
Declare Reserves (portion of main ore body - 2 yrs production minimum) Q4 2014
Conclusion: Timeline yields a production when YGM still processing Deep Transition stockpiles.
8 years
Notes: 1. Feasibility Design on Plant in 2011 after determining flow sheet options in 2010, skips a pre-feasibility design phase.
2. Decline in 2013 after some NRM declared.
3. NRM declaration in 2011 based on Stage 2 surface drilling and feasibility plant design.
4. Permitting for both decline & project run independent of CEP.
5. Basic process plant design based on S2 mine design as cannot afford to wait for decline development, would result in 1.5 yr delay.
6. Final design engineering starts in advance of Gate 4. 15
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