Gold Bearing Quartz Mine For Sale

Leipsigate Gold Mine

Mine Details

Commodity: Gold
Location: Canada, Nova Scotia
Terms: For Sale, Lease Purchase Option, Negotiable
Price: Contact Vendor

Seller Website

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Gold bearing quartz occurs in “fissure” style and bedding parallel veins proximal to an anticlinal structure in the Meguma sediments, a well-known host for numerous similar gold deposits in the Province. Three periods of production took place, starting in 1888 and occurring sporadically until 1946. Total production recorded in Provincial records was 11,790 ounces from 35,334 ton, for an average grade of 0.33 ounces per ton or 11.43 grams per tonne. Recoveries were reported to be in the 80% range but onsite tailings speak to highly inefficient extraction methods.

The 92 claims are owned by NSGold Corporation and cover approximately 1490 hectares.

Infrastructure onsite includes 5 main shafts of 34m,55m,55m,91m and 183m. Lateral underground workings total over 700 meters.

The Leipsigate property is accessible over 12 kilometers of good quality gravel roads leaving Provincial Highway 103 near Bridgewater. It is approximately 85 kilometers south west of Halifax, Nova Scotia.

Evaluation (from Riddell, 1983)
The Leipsigate Property has an immediate prospect of supporting a viable mining operation on the Main Fissure Vein. The gold bearing part of the vein averages 18 inches (0.46 meters) to 24 inches (0.61 meters) in width and is of incompetent nature, being composed of true quartz vein, brecciated quartz and country rock, and gouge. Ore shoots, or pencils, are inclined at 7 degrees to 17 degrees to the east and extend for long distances down plunge. This type of ore structure is suited to the use, for production, of decline entries from surface. The existing vertical and steeply inclined shafts would provide service entries, escape-ways and airways.

Probable ores: In the western section (Gilmore and Old German Shafts) Petrie estimated that 15,800 tons of mineable ore grading 0.75 ounces of gold per ton (25.7 grams per tonne) were present in existing workings above the 180 foot (54.9meter) level of the Gilmore Shaft.

In the eastern section, the probable ore present in the MicMac stopes to a depth of 450 feet (137 meters) is 21,000 tons. The average grade of this rock is estimated to be 0.5 ounces of gold per ton (17.12 grams per tonne).

Possible Ores: There is good reason to expect that the Main Fissure Vein will maintain its general characteristics and gold content over the full 6,800 feet (2.07 kilometers) of the strike length on the property (note: NSGold has up to 7 km of the structure staked). Continuity of mineralization and structure have been demonstrated to a depth of 600 feet (183 meters) in the Main Shaft of the MicMac Mine workings (western section) and to 300 feet (91.4 meters) in the Queens below the Gilmore shaft.

Assuming continuity of ore shoots similar to that demonstrated in the MicMac workings and an overall down-dip extent of 1000 feet (305 meters), there will be about 1,134,000 tons of potential mill feed, all of which probably 60%, or 680,000 tons, could be mined. Indicated average grades will probably be in the order of 0.4 to 0.5 ounces of gold per ton (13.7-17.12 grams per tonne) plus some silver so that a gross production of 300,000 ounces of gold should be achieved. There are possibilities of enriched sections and greater mining widths where the Main Fissure Vein intersects gold bearing interbedded veins at depth. It is also possible that tungsten mineralization may be present as scheelite occurs with increasing depth. Scheelite, an ore mineral of tungsten, has been identified in the MicMac dumps.

An evaluation by MacPherson of the Main Fissure Vein determined an inferred mineral reserve of 423,265 tons grading 11.7 grams per tonne between the MicMac and Queens shafts to the 300 meter level.

Dr. Riddell, in an internal report for Coxheath Gold Holdings labelled Evaluation of the Leipsigate Property, estimated the potential mineral reserves in the same block to be 612,000 tons grading 13.7 to 17.1 grams per tonne.

(from Vincent, J.S., 1984)
Southwestern Nova Scotia is underlain by rocks of the Meguma series which is comprised of Cambrian Goldenville formation and the overlying Ordovician Halifax Formation. The former consists of interbedded quartzite, slates, schist and greywacke, and the Halifax is predominantly slates wackes and schists. A Carboniferous age suite of granitic rocks intrudes the sediments.

Folding during the Acadian Orogeny in the Devonian resulted in the development of a complex series of northeasterly trending folds which created a distinctive structural signature through the Meguma rocks. The folding occurred over a sufficient period to allow the resulting structural elements to vary significantly in age. The form and attitude varies, and the associated faulting and fracture systems which developed reflect the sequence of orogenic events.

The structural complexities in the Acadian orogenic events created in the Meguma series of rocks have provided a variety of settings conducive to the concentration of mineralization. The resulting fracture systems contain quartz veins of which particular sets are known to be gold bearing. Gold is concentrated in economic proportions where the age of folding and fracturing and subsequent mineralizing events coincide. Fracturing and quartz veining not fulfilling the right conditions, are barren. In the Leipsigate area, at least two sets of quartz veins are gold bearing.

The Leipsigate property is underlain predominantly by the Cambrian Goldenville Formation which is exposed in a broad anticline plunging to the northeast at approximately 25 degrees. The core of the fold consists of intercalated quartzites and slates. The contact with the overlying Halifax slates cuts northeasterly across the top of the property. Quartzite units in the Goldenville create low ridges across the landscape and clearly delineate the fold structure on air photo maps.

The interbedded softer rock units consist of argillites, mudstones, schists and greywackes and have provided the loci for adjustment during folding. Fracturing along these horizons and along bedding planes has created a plumbing system for hydrothermal solutions. Transverse fissure and concordant interbedded veins are recognized as the two important gold-bearing types. The interbedded variety are usually narrow and mineralization is usually limited to small zones developed at points of vein intersection. The transverse fissure veins have the potential to host significant zones of auriferous mineralization where the fractures cross-cut incompetent beds and/or other vein systems.

In addition to the six main shafts occurring along the Main Fissure vein structure, there are approximately 20 smaller shafts in the 10 meter or so range as well as untold numbers of trenches spread throughout the property. Most of the smaller shafts and trenches were exploring high grade bedding parallel veins which were sometimes of limited strike length and of unknown depth extent. The majority of these are on the west side of the anticline. The Main Fissure Vein, from which the bulk of recorded production has taken place, roughly follows the strike of the strata of the southern limb of the anticline, but dips in the opposite direction, towards the anticlinal plane.

At least nine other similar Meguma gold deposits occur within a thirty kilometre radius. The majority of them do not have fissure type veins of a significant size and extent as the Main Fissure Vein of the Leipsigate deposit, but many have concordant (bedding parallel) systems that carry gold of economic interest.

The Main Fissure Vein had underground development for over 2100 meters and to a depths of up to 183 meters. Most historic production occurred above the hundred meter level. It is reported to vary in thickness from 0.4 meters up to nearly 2 meters in the north, where it “splays” into two veins. It averages approximately 0.61 meters in width throughout most of its length. The vein is described as having a glassy texture, being of the ribboned type. Hanging wall to the vein is a 10 cm thick band of incompetent sericite schist which is also reported to carry gold. Minor calcite occurs with the quartz and additional metallic minerals include arsenopyrite with rare pyrrhotite, galena and chalcopyrite. The gold to silver ration is reported as 6 to 1. Scheelite has also been recorded associated with the quartz but no grades were reported. Total metallic content rarely exceeds 2%.

A number of the bedding parallel occurrences on the property may be of some interest as the grades can be quite high. The Rose Lead, which should intersect the Main Fissure Vein at depth, is reported to have returned up to 45 ounces of gold from just 3 tons of quartz taken from a vein a maximum 10 centimetres in width. A short drill hole by NSGold on this structure in 2010 returned a value of 10.9 grams per tonne over 0.5meters.

(see “Full Description” above for additional historical information) In addition to the mineable underground resource, a study in 1983 by Seabright Resources Inc. has identified that over 53,000 tonnes of tailings exist on the property, ranging from 1.85 to 1.89 grams per tonne in the proven, probable and possible categories.