QUEBEC – The most recent resource estimate for SOUTH-MALARTIC EXPLORATION’s small Croinor mine puts contained gold ounces over 200,000 oz any way you look at it. Using a 2-g/t cut-off grade, there are 289,890 oz in 1.43 million tonnes averaging 6.31 g/t Au. Or using a 5-g/t cut-off there are 206,792 oz in 620,200 tonnes averaging 10.37 g/t Au.
The overall resources are contained within 38 en echelon veins hosted within the Croinor dioritic intrusive. They occur from surface down to a 300-m vertical depth and have an east-west strike length of 850 m and a width of 200 m. They are located directly beneath the two open pits that were the site of South-Malartic’s pre-production activities in 2004 and 2005. The two open pits have reached a maximum depth of 35 m. The Croinor vein-type mineralized structure remains open along strike both to the east and west as well as at depth; however no inferred resources have been estimated for the moment. There is still a possibility of finding additional resources along strike and at depth, says the company.
The Croinor mine is located about 70 km east of Val d’Or, Que. Property details can be viewed at www.MalarticSud.com.