The results were highlighted by hole GS-20-75, which hit 1,152 metres of 0.74 g/t gold-equivalent (0.57 g/t gold, 1.75 g/t silver and 0.1% copper) from 112 metres.
The latest intercepts indicate a “large zoned and significantly enriched copper-gold envelope at Gate,” which would be typical for porphyry-hosted mineralization, the company said.
A 152,000-tonne-per-day open-pit mine at Josemaria would deliver an average of 136,000 tonnes of copper, 231,000 oz. of gold annually over a 19-year mine life.
The new unit will include the current Crushing and Screening division, which is currently part of the Sandvik Mining and Rock Technology business area.