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Four Metals Mine | |
Mining District and MinesPatagonia District - aka Guajolte, Gross, Four Metals Mining Co.1; Guajolote Lode, Red Hill Crosscut, Phoenix Claims, Hillside Claims, Red Mountain Mine, Frisco, Group.3 OWNERS AND OPERATORS INCLUDED CORONADO MINES INC, G. GROSS, FOUR METALS MINING CO, KINO COPPER CO;6 Location
center of sec. 23S 16E W. Cen. 291 Mineral ProductsCu, Ag, Au, Pb-, Zn-1 GeologySheeted, shattered, cushed and strongly altered Laramide granodiorite, mineralized with pyrite, chalcopyrite, chalcocite, and minor galena, and possibly sphalerite, occuring as dispersed grains or aggragate masses in a quartz stockwork or as fissure fillings. Mineralization mostly low grade. 1
Type of Operation and Production
Extensive tunnel operations. Only a few tons of picked ore shipped which ran about 7% Cu, 40 oz. Ag/T and 0.1 oz Au/T 1. MINERAL APPRAISAL OF CORONADO NATIONAL FOREST,
MLA 22-94 1994 U.S. DEPARTMENT OF THE INTERIOR BUREAU OF MINES Economics.--It should be noted that the most recent data used by USBM for this analysis are the coring study results from Noranda Mines, Ltd., circa mid-1960's. Metallic Ventures, Inc.'s (Tucson, AZ) early 1990's plan to open-pit mine the deposit may well be based on more recent, more favorable data. No such data were available to the USBM for this analysis. The deposit could be mined by either open-pit or underground (stoping) methods. Economic modeling with data available to USBM suggests neither method would be profitable with the late 1993 copper price of $1.00/lb. An open-pit development of the supergene enrichment zone would be the least expensive mining method, but would result in high overall losses (a negative $47 million NPV at a 15% ROR). The deposit is too small to pay for infrastructure that would allow a high-tonnage mining rate, and too low in grade to support mining over a period of a decade or more. 9 HENKLE & ASSOCIATES Henkle and Associates resource estimate for the Four Metals property is 8,280,084 tons at a grade of 0.58%, containing 48,236 tons in- the-ground, of copper metal, (measured and indicated categories).5 References
AcknowledgementsErnie Parks provided help in accessing the 1909 photos. |