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worlds top 10 underdeveloped gold projects

  1. World Gold editor reveals top 10 undeveloped projects


    Posted:03/14/2003 01:00:00 PM | © Mineweb 1997-2003




    JOHANNESBURG – Paul Burton, editor of the World Gold journal, presented his top 10 list of undeveloped gold mine projects at the Prospectors & Developers Association of Canada convention, which ended Wednesday.
    1. His top pick was the Target North & Sun project, north of the Avgold owned Target mine in South Africa, with resources of 72.3 million ounces. The project is likely to produce 500,000 ounces a year.

    From second to tenth place s follows:

    2. Russia's Sukhoi Log deposit which is owned by the Russian government with an estimated 46 million ounces and likely to produce 1.4 million reserves.
    3. There is Newcrest Mining’s Telfer mine in Western Australia that will produce 800 000 ounces a year.
    4. Followed by Barrick Gold Corp’s Pascua Lama deposit in Chile with an estimated resource of 23.9 million ounces and a production of 800,000 ounces a year.

    5. In fifth place comes Donlin Creek in Alaska, owned by Placer Dome Inc and NovaGold Resources Inc with a likely production estimate at 1.1 million ounces a year or more.
    6. Placer Dome and Bema Gold Corp’s owned Cerro Casale in Chile with production estimate of 900 000 ounces.
    7. The troika of Newmont, Anglogold and Newcrest own Boddington project in Western Australia with a resource base of 20 million ounces and a forecast production number of 500 000 ounces a year.
    8. Ivanhoe Mines Ltd owns the Turquoise Hill (or Oyu Tolgoi) in Mongolia comes in eighth place with very low-grade gold reserves but has huge copper resources.

    9. The Burnstone property in South Africa, owned by Vancouver based Great Basin Gold Ltd. Initial estimates put production at 144 000 ounces a year but the number is likely to increase in the future.
    10. In tenth place is Pueblo Viejo project in the Dominican Republic with an estimated 16.8 million ounces of resources and an expected production potential of 530 000 ounces a year


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