Canadian Mining Journal

News

GOLD: Eldorado eyes bigger high grade resource at Lamaque



Commercial production was declared at the Lamaque gold mine on March 31, 2019. (Image: Eldorado Gold)

QUEBEC – Vancouver-based Eldorado Gold Corp. has provided a update of drilling results completed this year for its Lamaque gold mine in Val d’Or. The results have expanded the area of high grade mineralization beyond 2018’s resource model in the lower part of the deposit as well as the bulk stockwork zone below 1,250 metres.

Multiple high grade step-our holes at the Triangle deposit have expanded the resource potential of the C7, C9, C9b and C10 shear zones. Assays include 19.33 g/t gold over 3.9 metres, 10.72 g/t over 9.3 metres, and 12.22 g/t over 5.3 metres. (Results capped at 40 g/t gold.)

The large vein stockwork zones returned 3.00 g/t over 64.5 metres (uncapped). This area of the lower Tringle deposit is potentially amenable to bulk mining.

Eldorado acquired the Lamaque project with its 2017 takeover of Integra Gold Corp. The pre-feasibility study done in 2018 estimated measured and inferred resources at 4.7 million tonnes grading 8.45 g/t gold for 1.28 million contained oz. and inferred resources at 5.4 million tonnes grading 7.29 g/t for 1.26 million contained oz. That will support a production rate of 135,000 oz./year and a life of seven years.

Additional details and maps are posted at www.EldoradoGold.com in the news release of Sept. 5, 2019.