The Homase Mine was discovered in 1998 by Shea Gold Limited and acquired by AngloGold Ashanti Corporation in 2000. It was brought into production in 2002/2003. The mine produced 52,500 ounce gold at 2.5 g/t. The mine was abandoned as the gold price fell to USD275/oz. GoldStone Resources invested in the property in 2010.
Located in the Ashanti Gold Belt along which the ore bodies of major mines are located
- 288km by road from Accra
- 35km south West of Kumasi
Annual rainfall averages 2,030mm
Neighbour Obuasi Mine with 70Moz – 7.8g/t Au Historic + Current Resource
| Homase Mine Profile | ||||||||||||||||||||||||||||
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| Ownership | 90% GoldStone Akrokeri Limited 10% Government | |||||||||||||||||||||||||||
| Mining Method |
Open Pit Defined in the Definitive Economic Plan (DEP) June 2019 Free dig below the 40 metres weather zone, may well require different mining methods |
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| Processing Method | Heap Leach Processing with proposed capacity of 500,000 tonnes per annum | |||||||||||||||||||||||||||
| Mineralisation style | Structurally controlled hydrothermal (orogenic) with mineralisation comprising multiple narrow quartz veins and intervening, hydrothermally altered, sedimentary rocks Oxide material to 40 metres vertical; underlying c.5 metres intermediate mixed material; deeper unoxidized material commonly to at least 200 metres |
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| JORC Resource 2012 |
JORC Resource is within the 4.4km Homase Trend above a depth of 240m and open at depth The 2016, 2017 and 2020 drilling campaigns, NOT included in the JORC Resource The Non-JORC Mineable Resource defined in the DEP sits within the JORC Resource
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| Mineable Resource | 72,000 ounces of gold @ 1.4g/t inferred, within the oxide mineralised zone of the JORC resource
Mineable resource within the existing JORC resource of 602,000 ounces of gold @ 1.77 g/t (2012) |
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