New Dawn Mines
Turk – Angelus Mine
The Turk – Angelus Mine is located 56km north east of Bulawayo, Zimbabwe, and has the potential capacity to produce 35,000 to 50,000 ounces of gold annually. At maximum output, the life of mine is approximately 20 years, which is supported by an independently audited resource estimate with gold grades between 4 – 6 g/t. The Turk – Angelus Mine is currently expanding to 22,000 to 23,000 ounces of annualized gold production, which it expects to reach by late 2011.
New Dawn owns 100% of the Turk-Angelus Mine.
The Old Nic Mine
The Old Nic Mine, which is one of the oldest gold mines in Matabeleland, is located in the eastern part of Bulawayo, Zimbabwe. Historical production was approximately 290,000 ounces of gold from 0.98M tonnes of ore treated at a grade of 9.44 g/t. The Old Nic Mine is currently producing approximately 3,000 ounces of gold on an annualized basis. Opportunity to expand the output and the life of mine is available through exploration drilling using modern exploration techniques.
New Dawn owns 100% of the Old Nic Mine.
The Camperdown Mine is located 30km southeast of Gweru, Zimbabwe. The mine consists of nine claims that previously produced ore material from dual open-pit and underground mining operations. The Camperdown Mine has the potential to develop significant new gold resources at very low cost and, if successful, represents a significant opportunity to meet a large portion of New Dawn’s mid and long-term gold production targets.
New Dawn owns 100% of the Camperdown Mine.
Golden Quarry Mine
Located within the Gweru-Shurugwi Greenstone Belt, similar to the Greenstone belts found in both Canada, and Australia, this belt had produced 6.5% of Zimbabwe’s total gold production through 1984. Mineralization at the Golden Quarry Mine occurs in a brecciated stockwork of quartz and quartz-carbonate veins and veinlets within a wide alteration zone. The Golden Quarry Mine is now producing gold and is expected to contribute meaningful gold production to New Dawn’s total annualized gold output while also providing significant exploration potential.
Excellent exploration potential exists both underground and at surface, and the property remains very much under-explored, with evidence along strike and down dip extensions being present.
New Dawn owns 85% of the Golden Quarry Mine.
The Dalny Mine
The Dalny Mine is located 175km southeast of Harare, the capital of Zimbabwe. The mine consists of more than 3,500 claims and boasts a strike length of over 15km long. Historical production up to 2006 was 2.44M ounces of gold from 10.2M tonnes of ore treated at a grade of 7.42 g/t. The Dalny Mine is now on care and maintenance.
The opportunity for development of a number of open-pit, medium grade, bulk mining operations within the greater Dalny shear zone is present, offering large blue sky potential.
New Dawn owns 85% of the Dalny Mine.
The Venice Mine
The Venice Mine is located 28km south of Kadoma, Zimbabwe. The mine is comprised of over 2,500 claims with numerous exploration targets. Historical production up to 2002 was 318,000 ounces of gold from 2.5M tonnes of ore treated at a grade of 3.77 g/t. The Venice mine is currently on term care and maintenance; however, a significant exploration opportunity exists on a number of high priority targets.
New Dawn owns 85% of the Venice Mine.