TSX:  LMC  $2.07  Gold:  $1177.26/oz
TSX-V: LMC $2.07  Gold: $1177.26/oz

Riacho dos Machados Mine (RDM Mine)

  • Overview
  • Geology and Mineralization
  • Technical Report
  • Image Gallery
  • Reserves and Resources

Overview

The RDM mine is located in Minas Gerais State, Brazil, about 560 kilometres north of the state capital city of Belo Horizonte. The mine area covers approximately 22,600 ha and is accessible by air and road. It was acquired by Brio Gold in April 2016 and subsequently acquired by Leagold in May 2018. The operation is a conventional open pit mine with a 7,000 tpd carbon-in-leach (CIL) plant. The RDM mine commenced production in early 2014. Average life of mine production at RDM is estimated to be approximately 98,000 ounces of gold per year over a nine-year mine life.

Geology and Mineralization

The Riacho Dos Machados gold deposit occurs in the north-south trending Araçuaí Fold- Thrust Belt along the eastern margin of the São Francisco Craton, a major Archean-age basement block which underlies more than one million square kilometres in eastern Brazil. The Araçuaí Fold Belt is 15 km to 45 km wide and consists of a series of meta-volcanic/meta-sedimentary rocks of late Archean to late Proterozoic age.

The principal host for the gold mineralization is the quartz-muscovite schist of the Riacho dos Machados Group. The mineralization occurs in a belt of hydrothermally-altered rock developed along a district-scale shear zone. Mineralization occurs in the hydrothermal/shear zone and gold grades are closely related to the sulphide content, especially arsenopyrite.

Reserves and Resources

Mineral Resources (December 31, 2017)

Classification Tonnes (kt) Gold grade (g/t) Gold ounces (koz)
Measured 7,225 0.77 180
Indicated 28,324 1.12 1,022
Total Measured and Indicated 35,548 1.05 1,202
Inferred 10,024 1.32 426

See Notes to Mineral Reserves and Resources here

Proven and Probable Mineral Reserves (December 31, 2017)

Classification Tonnes (kt) Gold grade (g/t) Gold ounces (koz)
Proven 6,765 0.79 171
Probable 19,284 1.06 659
Total Proven and Probable 26,049 0.99 830
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