NORTHERN QUEBEC CENTURY MINING CORP. of Blaine, Wash., has filed an NI-43-101 report indicating that its Sigma-Lamaque complex contains 4.47 million oz of gold in resources, including 857,000 oz in tonnage classified as proven and probable reserves. The former Sigma mine near Val d’Or produced 9.2 million oz of gold since it was first opened in 1937. Century reopened the mine in February 2005.
The new resource figures for the Sigma pit are the result of both reverse circulation drilling and bulk sampling. Probable reserves total 12.94 million tonnes grading 1.97 g/t Au. The property also has 2.17 million tonnes at 2.24 g/t Au in measured resources, 2.32 million tonnes at 2.15 g/t Au in indicated resources, and 14.30 million tonnes at 1.91 g/t Au in the inferred category.
Margaret Kent, Century’s president & CEO, commenting on the technical report, said: “Based on the new reserve and resource report, we have developed a business plan to mine the Sigma open pit until 2011 We will also explore the properties that are within close proximity of the Sigma mill to supplement feed from the Sigma pit to the mill. Since June we have been compiling an extensive database of historical drill results in preparation for an underground exploration program that will commence in the spring of 2006.”
Century anticipates recovering 110,000 oz of gold per year from the Sigma pit over six years. Additional information is available at www.CenturyMining.com.