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Low-Sulfidation Epithermal Gold Deposit at Kremnica

By
Jaroslav Lexa
Jaroslav Lexa
Geological Survey of Slovak Republic, Mlynská dol. 1, 817 04 Bratislava, Slovakia
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Boris Bartalský
Boris Bartalský
Kremnica Gold, a.s., Kukuèínova 20, 974 01 Banská Bystrica, Slovakia
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Published:
January 01, 1999

Abstract

The Kremnica gold deposit was one of the most important gold producers in Medieval Europe. The town received royal mining rights in 1328 and in 1335 the rights of minting were granted. The famous silver groschen and golden florens (ducats) were coined until the 18th century. Historical documents indicate that by the 14th century there was already an average yearly production of 120 kg of gold and about 1200 kg of silver (Finka, 1995). Following the 15th century the output of the Kremnica mines gradually declined to less than 100 kg per year. During the years 1949 — 1970 the output of underground mining was 90 — 100 kg of gold and 120 — 130 kg of silver. Owing to the noneconomic underground mining, Kremnica was closed in 1970. The overall production of the Kremnica deposit during the years 1328–1970 is estimated at 46 tons of gold and 208 tons of silver (Finka, 1995).

Following liquidation of underground mines and increase in gold prices in the 1970s, exploration activity started to identify areas of low-grade ores suitable for open pit mining. Štubòa (1985) and Vel'ký (1992) reported such potential south and north of the Šturec pit on the 1st vein system. A production test was conducted in 1987; however, full-scale mining was not begun owing to a lack of investment. The situation changed in 1995 when the Canadian company Argosy Mining Corp. established a joint venture with the Kremnica Mining Company, which was the basis for the Kremnica Gold company

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Contents

Society of Economic Geologists Guidebook Series

Epithermal Mineralization of the Western Carpathians

Ferenc Molnár
Ferenc Molnár
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Jaroslav Lexa
Jaroslav Lexa
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Jeffrey W. Hedenquist
Jeffrey W. Hedenquist
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Society of Economic Geologists
Volume
31
ISBN electronic:
9781934969847
Publication date:
January 01, 1999

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