Tahoe Resources Inc - Toronto Stock Exchange and New York Stock Exchange

Bell Creek Complex

Bell Creek Complex

Key Facts

Lake Shore Gold

Description

The Bell Creek Complex, located approximately 20 kilometres northeast of Timmins, Ontario, consists of an underground mine and processing facility. Mineralization is associated with the Porcupine-Destor fault system within the Abitibi greenstone belt, with ore mined by longhole stoping methods and trucked to surface via a ramp system for processing. The current production rate from the Bell Creek mine is approximately 800 tonnes per day.

As of January 1, 2016, Measured and Indicated Mineral Resources for the Bell Creek deposit totaled 4.8 million tonnes with an average gold grade of 4.4 g/t containing 680,000 ounces of gold. Proven and Probable Mineral Reserves (inclusive of Mineral Resources) are 2.1 million tonnes with an average gold grade of 4.5 g/t containing 309,000 ounces of gold. Inferred Mineral Resources of 584,000 gold ounces at an average grade of 4.4 g/t, the majority of which is the downward extension of mineralization currently being mined, represent near-term opportunity to expand production and extend the mine life at Bell Creek.

The Bell Creek mill is a conventional gold mill circuit, consisting of crushing and grinding followed by carbon-in-leach and carbon-in-pulp processes for gold recovery. A portion of the gold is recovered by gravity prior to leaching. Current processing capacity of the Bell Creek mill is 3,000 tonnes per day, with over 1.3 million tonnes from the Timmins West and Bell Creek mines processed in 2015, achieving an average gold recovery of of 96.6%

About the Region

The Bell Creek property is located in Hoyle Township, Porcupine Mining Division, approximately 20 kilometres by road, northeast of Timmins, Ontario. Year-round access is via Florence Street, a 6.7 km long all‐weather asphalt and gravel road, north of Ontario Provincial Highway 101. The area experiences a continental climate with an average mean temperature range of ‐17.5°C (January) to +17.4° (July) and annual average precipitation of approximately 831 mm. Operations at the Bell Creek Complex can be carried out year-round.

The City of Timmins, with an area of 3,210 square kilometres and a population of 43,165 (2011 Census), has an economic base dominated by the mining and timber industries. An experienced labour pool, mining supplies and mining/construction contractors are readily available in the Timmins area.

Links