Canadian Malartic Deposit – History
Canadian Mining Journal Staff | June 1, 2011 | 12:00 am
- Canadian Malartic (1935-1965): 9.9 Mt @ 3.4 g/t => 1.08 Moz Au
- Sladen (1938-1970): 3.9 Mt @ 2.43 g/t => 0.3 Moz Au
- Inactivity on property until 1979
- Lac Minerals explores 1980 – 1990: 0.5 Moz (surface)
- Barrick (1994-2003): defines inferred resource of 2 Moz Au
- Barrick sells McWatters in 2003
- McWatters bankrupts in 2004
- Osisko acquires its first claims in October 2004 (80k$)
- The vision is to outline a low grade (1 g/t), bulk tonnage (>100 Mt) gold deposit (porphyry)
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