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Marban Block

LOCATION

The Marban Block property is located about 15 kilometres west of the town of Val-d’Or in the Abitibi region of Québec, Canada.

PROPERTY

The property consists of 42 claims and 3 mining concessions for a total surface area of 9.8 square kilometers. Six active or past producing mines lie within a 10 kilometre radius of the property: Canadian Malartic, Goldex, Kiena, Camflo, Midway and Malartic Hygrade.

HIGHLIGHTS

  • The three past producing mines on the property – Marban, Norlartic and Kierens – had a total historical production of 590,000 ounces of gold.(1)
  • Outside the deposit, the strike length of the Norlartic system is 1,200 metres and converge toward the hanging wall of the Marban deposit.
  • An updated NI 43-101 mineral resource dated June 1, 2013 and Dec. 1, 2009 indicated the following estimates for the Marban, Norlartic and Kierens deposits:
Deposit Cut off grade (Au g/t) Category Tonnes1 Grade (g/t Au) Ounces of Gold1
Marban2 0.35 / In Pit Measured 6,404,000 1.33 275,000
Indicated 18,213,000 1.30 760,000
Inferred 10,921,000 0.81 284,000
2.0 / Out of pit Measured 156,000 4.20 21,000
Indicated 500,000 3.59 58,000
Inferred 578,000 3.69 68,000
Norlartic3 0.5 / 2.54 Indicated 5,417,000 1.82 316,000
Inferred 3,199,000 1.44 148,000
Kierens3 0.5 / 2.54 Indicated 1,437,000 2.19 101,000
Inferred 1,780,000 1.73 99,000
Total   Measured 6,560,000 1.40 296,000
Indicated 25,567,000 1.50 1,235,000
Inferred 16,478,000 1.13 599,000


This mineral resource estimate was calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definitions Standards for mineral resources in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

(1) The listed grades for historical production are uncertain because some production records combine two or more deposits and it is not clear whether the reported grades represent recovered or in situ grades. In some cases, it is also unclear whether the reported numbers include waste from development workings. Numbers may therefore show some discrepancy depending on the source.

1: Rounded to nearest one thousand (1000), which may cause apparent discrepancies.
2: Updated mineral resource estimate by MDA June 1, 2013. See 43-101 Technical Report entitled “Updated Mineral Resource Technical Report, Marban Block Property, Quebec, Canada” dated Aug. 15, 2013 (effective date: June 1, 2013)
3: Mineral resource estimate reported by MDA Dec. 1, 2009. See 43-101 Technical Report entitled “Updated Mineral Resource Technical Report, Marban Block Property, Quebec, Canada” dated Aug. 15, 2013 (effective date: June 1, 2013)
4: Estimate uses a cut-off of 0.5 g/t Au on resources from surface to 200 metres vertically and 2.5 g/t Au below 200 metres.
  • Approximately 135,000 metres of diamond drilling have been completed since 2006.
  • There are three known satellite zones to the deposits: Gold Hawk, North and North-North.
  • Several new showings were intersected in diamond drill holes throughout the property.

DESCRIPTION

Marban-Block
Source: NI 43-101 technical report titled: “Updated Mineral Resource Technical Report, Marban Block Property, Quebec, Canada” dated August 15, 2013