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Hammerdown Gold Project
The Hammerdown gold deposit is located approximately 5 km southwest of the Town of King’s Point and approximately 15 km northwest of the Town of Springdale in Newfoundland & Labrador. Hammerdown was developed and operated by Richmont Mines between the years 2000 and 2004 with a cut-off grade of 8.5 gpt gold while gold prices averaged US$325/oz. During its operation a total of 291,400 tonnes of ore were mined and milled, at an average grade of 15.83 g/t Au, recovering a total of 143,000 ounces of gold. All of the ore was processed at the Nugget Pond mill with an average gold recovery of 97.1%. Mining concluded in 2004 due to low gold prices with mineralization remaining.
Projects