Hope Bay Underground Gold Mine located in Nunavut, Canada.
Hope Bay is a fly in/fly out operation serviced from Edmonton, Alberta, Yellowknife, Northwest Territories and several Kitikmeot, Nunavut communities with supplies provided by annual sealift and regular aircraft. The nearest community and commercial airport are in Cambridge Bay,
approximately 160 km by air.
100% – TMAC (to be acquired by Shandong Gold)
The Hope Bay Property is located within the Hope Bay volcanic belt which is part of a massive structural-geological complex called the Slave Structural Province.
The Doris gold deposit is a typical Archean lode deposit which occurs within an over 3 km long, steeply dipping quartz vein system, in folded and metamorphosed pillow basaltic rocks.
The Madrid deposit area lies within a north-south striking package of mafic volcanic rocks, comprising a sequence of Fe-Ti tholeiitics, Mg tholeiitics, komatiitic basaltic, synvolcanic to late gabbroic, and ultramafic rocks.
The geology in the area of the Boston deposit is a bimodal assemblage of mafic and felsic volcanic rocks in contact with sedimentary rocks, all of which are complexly folded about a large-scale synformal-anticline. The core of the anticline is occupied by mafic volcanic rocks that host the Boston deposit and these are in turn overlain by sedimentary rocks.
Type of Mine:
Mining comprises a combination of largely longhole methods plus some cut and fill with a combination of cemented rock fill (CRF) and loose rock fill.
Conventional crushing and grinding, gravity separation, concentrate leaching, resin absorption, solvent extraction, electrowinning.
20 years (as of Jan 1, 2015)
Gold Production (2019):
$1,700 per ounce
Gold Reserves (proven and probable, 2019):
3.545 million ounces
Gold Resources (measured, indicated and inferred, 2019):
7.300 million ounces