While Pogo has surpassed its original life expectancy of 10 years and 3 million ounces of gold, the air of excitement emanating from the miners, geologists and management indicates that mining is just getting started at this high-grade underground gold mine in the heart of Alaska’s Interior.
Churning out 271,273 oz of gold from roughly 950,000 tons of ore in 2017, Pogo is on pace to pour its 4-millionth ounce of gold early in 2019 and based on current estimates would have enough ore in reserve to keep the underground mine in operation into 2021.
It has been a while, however, since the reserves for Pogo have been calculated and when that does happen – slated for later this year – we will likely be looking at enough high-grade ore to feed the mill for another decade.
And Pogo’s exploration team is already hot on the trail of ore to extend this operation even further. “Pogo is permitted to operate through 2021, but extensive exploration efforts are underway to identify additional ore reserves,” according to the Pogo Mine website.
By extensive exploration, we are talking about a US$15 million program budgeted for defining and expanding known deposits – Liese zone, North zone, East Deep and South Pogo– as well as enticing news discoveries such as Goodpaster and Fun zone.
For the rest of this article: https://www.miningnewsnorth.com/story/2018/04/01/news/pogo-discoveries-excite-exploration-team/5118.html