What we know about the Ladner Gold Project
Phase II exploration of the underground Carolin Mine is officially underway as New Carolin Gold announced the second phase exploration on its Ladner Gold project.
Here's what we know about the Ladner Gold Project:
What is the Ladner Gold project?
The Ladner Gold project encompasses the Carolin Mine, a former underground small gold producer from 1982 – 1984, Emancipation Mine (an intermittent small gold producer from 1916 – 1941), Pipestem Mine (intermittent small gold producer from 1935 – 1937), and numerous other gold prospects situated along 18 kilometers of the under-explored Coquihalla Gold Belt.
The Coquihalla Gold Belt has seen little exploration over 90 years and has geological similarities to the Mother Lode district of California and the Bridge River district of southwestern BC, both with multi-million ounce producers. The Coquihalla Gold Belt contains under-explored former small underground producing gold mines and numerous gold prospects.
The Carolin Mine?
The Carolin Mine was commissioned in late 1981 at a development cost of $40 million. Milling began in early 1982 and continued to late 1984, processing some 900,000 tons of ore to recover approximately 45,000 oz of gold. Gold recoveries were generally well below expectations, but did improve with time and experience. Mine records indicate that nearly half the millhead gold was not recovered but was sent to the tailings deposition area.
New Carolin Gold
New Carolin Gold Corp. is a Canadian-based brownfields development company focused on the exploration, evaluation and development of our 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants collectively known as the Ladner Gold Project. The Company is currently executing exploration programs on the property which is located 2 hours by freeway from Vancouver near Hope, British Columbia, in the prospective and under-explored Coquihalla Gold Belt. The Company has an existing mine permit, water licenses and tailings facility in place, as well as 10.5 kilometers of underground tunnels for exploration access. The Company's Ladner Gold Project is host to several historic gold producers, including the Carolin Mine, Emancipation Mine, Arum Mine, Ward Mine, and Pipestem Mine, in addition to numerous artisan workings and gold prospects that typically exploit high grade visible gold mineralization.
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