Val-d’Or East

Pascalis, Lapaska, Megiscane-Tavernier


The 100%-owned Pascalis property consists of 90 contiguous mining titles totalling 3,078 hectares and was the site of a profitable gold production from 1989 to 1993 by Cambior Inc. (acquired by IAMGOLD Corporation in 2006). The mechanized underground mine which utilized long-hole mining methods extracted a total of 1.8 Mt of ore at a grade of 3.2 g/t Au from the surface to a depth of 300 metres. Production statistics averaged 1,175 tonnes per day for an average production of 43,500 ounces of gold per year for a total of 167,000 ounces of gold produced.


The 100-owned Lapaska property consists of 26 contiguous mining claims covering 344 hectares and is favourably located 5 kilometres south of the Pascalis property.1.2 g/t Au for a total of 79,335 ounces at a cut-off grade of 0.5 g/t Au (Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability).


The 100-owned Megiscane-Tavernier property contains 86 claims divided in two blocks (West and East) totalling 4,930 hectares.