NORTHWESTERN QUEBEC The 20,000-tonne bulk sample from SOUTH-MALARTIC EXPLORATION's Croinor property near Val-d'Or yielded 1,981 oz of gold during processing. The sample was taken between November 2003 and March 2004 from four different mineralized sectors representing the property's lenses.
The mill head grade was 3.10 g/t Au, 26% higher than the geological estimate. South-Malartic says the better grade was largely due to free coarse gold, which did not factor into estimates based on drill core assays. The gold recovery rate was 97.4% using cyanidation at Richmont Mines' Camflo mill. By selling the gold produced by treating the bulk sample, South-Malartic generated revenues of about $1.08 million.
Company geologist Patrick Moryoussef told a local newspaper, l'Echo Abitibien, that South-Malartic hopes to put the Croinor mine back into production this spring at a rate of 20,000 oz annually. Both open pit and underground mining are planned. The history of the Croinor project (which dates back to discovery in 1939) and press clippings are available at www.MalarticSud.com.
Comments