Projects

Comtois

This resource is part of the prolific Abitibi Greenstone Belt, 15 kilometers from Lebel-sur-Quévillion. The property comprises 50,000 hectares or about 300 square kilometres. Sulphide-rich mineralization occurs within volcanics. Maudore has defined three main gold zones in the Osborne section of the deposit and four in the Bell, all are still open in all directions. The Osborne has been traced by drilling over a 1.7 kilometer length to a 400 meter depth and the Bell, ½ kilometer and 200 meters respectively. Inferred resources total 808,000 tons with a 9.6 gram average cut-off grade, 3.7 meter average thickness encompassing 249,000 ounces with a 6 gram gold cutoff (based very conservatively on $300/oz.). Without cutting, the resource contains 524,000 ounces of gold at an average grade of 20.2 grams/ton.

It is important to remember:

1. The presence of some near surface mineralization at these high grades,
2. The main road crosses the property between the Bell and Osborne,
3. The James Bay power project to the North, providing Québec with North America’s lowest-cost power, has a transmission line less than 3 kilometers away,
4. Lebel-sur-Quévillion and the relatively nearby towns of Rouyn-Noranda and Val d’Or have a plethora of experienced mining personnel. All these factors, along with high grades, argue for an ultimately low cost operation.