The Life Cycle of a Gold Mine Part 1

What is the first stage in the life cycle of a gold mine?

• Gold Mine Construction

• Gold Mine Exploration

• Gold Mine Production

• Gold Mine Closure

How long can gold mine exploration typically take?

• 1 - 5 years

• 5 - 15 years

• 1 - 10 years

• 10 - 20 years

What percentage of prospected sites typically lead to a productive gold mine?

• 1%

• 10%

• 0.1%

• 5%

What is required for gold mine exploration besides time?

• Only financial resources

• Only expertise in geography

• Financial resources and expertise in many disciplines

• Only engineering skills

What is the likelihood of a gold deposit containing enough gold to justify further development?

• 50%

• 25%

• 10%

• 75%

Which of the following is NOT a discipline involved in gold mine exploration?

• Geography

• Biology

• Chemistry

• Engineering

How long can it take from the discovery of a deposit to the production of gold bullion?

• 5 - 10 years

• 10 - 20 years

• 1 - 5 years

• 20 - 30 years

What is the main goal of gold mine exploration?

• To sell the land

• To determine the size of the mineral deposit

• To build a factory

• To find new species

Which of the following is a key factor in deciding whether to develop a gold mine?

• The color of the soil

• The amount of rainfall

• The amount of gold in the deposit

• The number of trees

What is the final product of a gold mine that can be refined?

• Gold jewelry

• Gold coins

• Gold bullion

• Gold dust