Scribd Logo
Upload

Welcome to Scribd!

  • 32 views

    Anglogold Limited: Exploration Workshop

    Uploaded by

    Regina Efraim
    AngloGold Limited held an exploration workshop in February 2003 to discuss their North American exploration programs and results. They had brownfields exploration focused on their Cripple Creek and Victor mine in Colorado and Jerritt Canyon mine in Nevada, with goals of expanding reserves and developing long term production plans. Their greenfields exploration targeted areas in the Great Basin, Red Lake in Ontario, and Alaska. The organization was divided between the brownfields and greenfields programs, with separate managers and staffs. Exploration used a multidisciplinary approach including geology, geochemistry, geophysics, and economics to generate drill targets. At Cripple Creek and Victor, exploration aimed to support expanding the surface mining operations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Anglogold Limited: Exploration Workshop

    Uploaded by

    Regina Efraim
    32 views13 pages
    AngloGold Limited held an exploration workshop in February 2003 to discuss their North American exploration programs and results. They had brownfields exploration focused on their Cripple Creek and Victor mine in Colorado and Jerritt Canyon mine in Nevada, with goals of expanding reserves and developing long term production plans. Their greenfields exploration targeted areas in the Great Basin, Red Lake in Ontario, and Alaska. The organization was divided between the brownfields and greenfields programs, with separate managers and staffs. Exploration used a multidisciplinary approach including geology, geochemistry, geophysics, and economics to generate drill targets. At Cripple Creek and Victor, exploration aimed to support expanding the surface mining operations.

    Original Title

    DonBirak

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    AngloGold Limited held an exploration workshop in February 2003 to discuss their North American exploration programs and results. They had brownfields exploration focused on their Cripple Creek and Victor mine in Colorado and Jerritt Canyon mine in Nevada, with goals of expanding reserves and developing long term production plans. Their greenfields exploration targeted areas in the Great Basin, Red Lake in Ontario, and Alaska. The organization was divided between the brownfields and greenfields programs, with separate managers and staffs. Exploration used a multidisciplinary approach including geology, geochemistry, geophysics, and economics to generate drill targets. At Cripple Creek and Victor, exploration aimed to support expanding the surface mining operations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    32 views13 pages

    Anglogold Limited: Exploration Workshop

    Uploaded by

    Regina Efraim
    AngloGold Limited held an exploration workshop in February 2003 to discuss their North American exploration programs and results. They had brownfields exploration focused on their Cripple Creek and Victor mine in Colorado and Jerritt Canyon mine in Nevada, with goals of expanding reserves and developing long term production plans. Their greenfields exploration targeted areas in the Great Basin, Red Lake in Ontario, and Alaska. The organization was divided between the brownfields and greenfields programs, with separate managers and staffs. Exploration used a multidisciplinary approach including geology, geochemistry, geophysics, and economics to generate drill targets. At Cripple Creek and Victor, exploration aimed to support expanding the surface mining operations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 13

    AngloGold Limited

    Exploration Workshop

    Donald J. Birak
    Vice President Exploration – AngloGold North America

    February, 2003

    North America – Grassroots to Head-frame Exploration

    Topics
    – Geographic Spread

    – Objectives - Linked to Global Strategy and Business Plan

    – Organizational Structure

    – 2002 Programs and Results

    – 2003 Programs

    Page 2

    1
    AngloGold’s North American Exploration Areas

    Brownfields (Mines)
    • Cripple Creek (CC&V) Canadian Shield
    • Jerritt Canyon
    Alaska –
    Yukon –
    B.C.
    Greenfields (Focus Areas)
    • Great Basin
    • Red Lake, Ontario
    • Alaska

    Greenfields Frontiers

    Central America -
    Caribbean

    Page 3

    North American Objectives in the Business Plan

    • Brownfields
    – Develop L.O.M. production profile with high-quality
    new reserves
    • CC&V goal - 0.9 Moz
    • JCJV goal - 0.1 Moz
    – Expand Mineral Inventory
    • CC&V - goal 0.8Moz
    • CC&V - discover new high-grade deposits

    • Greenfields
    – Discover new deposits across North America to
    expand regional production base

    Page 4

    2
    Brownfields exploration expenditure
    2002 expenditure

    Jerritt Cany on
    3%
    2003 budget

    Jerritt Canyon
    4%

    Cripple Creek
    and V ic tor
    97%

    Total $5.13 million Cripple Creek


    and Victor
    96%

    Total $8.68 million

    Page 5

    Greenfields exploration expenditure

    Page 6

    3
    North American Organization

    D. J. Birak - V. P. Exploration

    Jeffrey Pontius Ian Hutchinson David Vardiman Gordon Seibel – CC&V


    Sr. Exploration Sr. Structural Exploration Don Colli – JCJV
    Manager Geologist Manager CC&V
    Chief Mine Geologists

    Seven Staff Members Five Staff Members

    Greenfields Direct

    Brownfields Technical

    Page 7

    The Exploration Process – Multidisciplinary Approach

    Past Production Empirical Target


    and Mine Models Data

    Geochemical Mineralogy
    Economics Linked to
    and Alteration
    (Business Plan) Structure
    Mapping

    Geophysical Fluid Models


    Data (Emerging Technology)

    Management
    Information Drill
    Tool
    4 D Genetic Model Targets

    Maximize Value of Exploration Efforts Page 8

    4
    CC&V – Exploration Supports Organic Growth
    AngloGold has four major organic growth capital projects to contribute 13 million low cost ounces
    ounces to the production profile.
    Mponeng, TauTona, Moab Khotsong, and CC&V

    Incremental Capex Cash Cost Life of Mine


    Production Total Remaining
    CC&V Surface 2.8Moz US$194 $54 million $176/oz + 4 years to
    Mine Expansion million 2013

    Mine Equipment
    Crushing additions
    Leach Pad and Recovery Additions
    Community impacts
    Exploration
    Page 9

    CC&V Location

    JCJV

    Nev
    a da
    CC&V
    Colora
    do

    Over 100 years of History and 23


    Millions Ounces of Gold Production

    Page 10

    5
    CC&V

    Expansion of Surface Mining Operations

    Page 11

    CC&V

    #
    S S#
    #
    S #
    S #
    S
    # S
    S # #
    # S
    #
    S S
    S#S
    # #
    S
    #
    S
    #
    S
    #
    S #
    S
    #
    S # #
    #S
    S#
    S
    S
    # # S S
    S
    #S
    S# S# S #S #
    S
    #
    # #
    S
    S #
    S
    # S
    S # #
    S #
    S
    #
    S #
    S #
    S
    S# #
    S
    #
    S #
    S
    #
    S #
    S
    S#
    S# #
    S# S
    #
    S #
    S# # S# S
    S
    S
    #
    # S
    S #
    #
    S #
    S
    #
    S
    #
    S #
    S #
    S
    #
    S
    #
    S #
    S ##
    S #
    S
    S
    #
    S #
    S # #
    S
    #S
    S #
    ## S
    #
    S S
    #
    #S #S S
    S
    #
    S
    #
    S # #
    S #
    S #
    S
    S
    #
    S #
    S #
    S #
    S
    #
    S #
    S
    #
    S #
    S
    #
    S

    2002 Drilling added 0.4Moz ( )


    and 0.1Moz( ) to
    Inferred Resource.

    Page 12
    Gold Bug 2002 Drill Collars

    6
    CC&V 2003 Goals

    Define New Surface-Mineable Discover New High-grade Deposits


    Resources – Organic Growth

    Page 13

    CC&V 2003
    3 D targeting with geophysics and structure

    Page 14

    7
    Great Basin
    ! Prolific gold province; +8 million
    ounces produced in 2002. Baxter
    WELLS
    U
    %

    U
    %
    WINNEMUCCA Ú
    Ê
    ! Over 80 million ounces in reserves at Ellison

    Ú
    Ê U
    %
    ELKO

    end of 2002 U
    %
    CARLIN
    Buffalo Valley Ú
    Ê U
    %

    BATTLE MTN.

    ! Stable governmental and regulatory


    climate.
    Pipeli ne
    Mni e Ar ea

    Diamond
    LOVELOCK
    Ú
    Ê Ú
    Ê Ú
    Ê
    Red Mountain South Buckhorn

    Exploration guided by proprietary,


    genetic model, focused on Carlin-style
    deposits
    AUSTIN U
    %
    U
    % EUREKA

    Ú
    Ê
    Forty district-scale areas evaluated Cahill
    U
    %
    ELY

    Drilled 7 targets in 2002

    50km
    50 km

    Page 15

    Great Basin
    Data Integration and 3D Modeling on
    a covered, Carlin-style target
    Model of pediment depth

    Gravity data

    Section

    Modeled pediment depth with magnetic bodies Plan View

    Page 16

    8
    Great Basin 2003
    North Elko Down-scale Loomis
    Testing
    Carlin-style deposits
    Evaluations underway
    Completed - No-go
    Buffalo Valley
    Evolving Final review
    Into

    Miocene Targets
    (Volcanic Hosted)

    Refine prospectivity
    elements (Expand age
    range)

    Advanced Projects
    (Known resources)
    50km

    Page 17

    Red Lake

    ts
    ge Slate Bay
    Tar
    02
    20 DMC
    Humlin
    Rivard

    Winter
    2002

    Gold
    <= in core

    Drill Targets

    Page 18

    9
    Red Lake

    Rivard Plan
    View
    4 Holes Drilled
    in Q4 2002

    Page 19

    Red Lake

    Rivard Section
    (Looking West)

    Strong Iron Carbonate


    alteration and quartz
    carbonate veining

    Page 20

    10
    Red Lake 2003

    Page 21

    Alaska

    AngloGold’s property
    Alaska
    Canad
    U.S.

    Yukon
    a

    TRUE NORTH

    in Goodpaster District Targeted


    Yukon-Tanana
    Gold Province
    NIXON FORK

    (West of Pogo) in
    aF
    au
    lt
    FT KNOX
    Dawson BREWERY CREEK

    DUBLIN
    nt
    Fairbanks
    DONLIN Ti POGO

    Whitehorse
    lt
    au
    iF

    Anchorage
    al

    Juneau
    en
    D

    Terranes
    0 Km 400 Arctic Southern

    Wrangellia Oceanic

    Yukon-Tanana Ruby
    Mesozoic and Cenozoic Basins Togiak-Koyukuk Yakutat

    North American Craton Central

    Page 22

    11
    Alaska

    Proposed Pogo New Targets


    Mine Access Road

    New Target and Trend


    Po
    go
    N
    ew Mi Pogo Deposit
    ne
    M An r ali
    in glo ze
    er d
    al Go In
    iz ld tru
    ed P ro
    siv
    In p e
    tr er Tr
    us ty en
    d
    i ve

    Po
    Tr

    go
    en

    JV
    d

    Pr
    op
    .
    AngloGold’s
    2002 Drilling
    3 Holes, 2 with
    gold values

    Page 23

    Alaska 2003
    Develop and Drill Phase 2
    New Targets
    Drilling

    An
    glo
    Go
    ld
    L an
    d
    Po
    go
    JV
    La
    nd

    Page 24

    12
    Frontier Areas 2003

    • Prospectivity assessment
    • Identify greenfields and brownfields
    opportunities
    • Analyze risk
    • Actively pursue opportunities

    Prospective Frontiers

    1000 km

    Page 25

    North American Goals Summary

    " Define approximately 1.0Moz for the LOM, “assured”, business plan
    • Large additional Measured, Indicated, and Inferred Resources
    " Define approximately 0.8Moz for organic growth expansion at CC&V
    • in 2002 added 0.5Moz in new Inferred Resources in northern extension
    " Discover high-grade deposits at CC&V to supplement surface mine
    production
    • in 2002 defined new high-grade occurrence at CC&V
    " Complete evaluation of greenfields focus areas and establish new
    frontier targets
    " Build on favorable results from 2002

    Page 26

    13

    You might also like