QUEBEC - Development of the Bracemac-McLeod zinc-copper mine near Matagami is on budget and on schedule reports Donner Metals of Vancouver. The project is a joint venture with and operated by Xstrata Zinc. Initial production is scheduled for early in 2013.
The ramp is currently passing 2,070 metres with an average advance of 5.7 m/d (6.45 m/d since May 2011), compared with the feasibility study estimate of 4.5 m/d. When the ramp reaches 2,300 metres, the construction of ventilation raises and development of the Bracemac zones will begin. Ramping will continue to the McLeod zone.
The construction of the access and haul roads, infrastructure and electrical supply are nearing completion.
According to the Bracemac-McLeod feasibility study of September 2010, the Bracemac-McLeod property contains proven and probable reserves of 3.73 million tonnes grading 9.60% Zn, 1.26% Cu and 28.25 g/t Ag. The tonnage will support a four-year operation at a rate of 2,500 t/d.
Regional exploration is expected to increase resources. Details are available at www.DonnerMetals.com.