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West Malartic (Chibex South)

Asset Summary

Asset West Malartic (Chibex South)
Interest 0.66% NSR
Commodity Gold
Location Quebec, Canada
Stage Exploration
Counterparty Agnico Eagle Mines Limited

Asset Highlights

The Chibex South property is located approximately 11km east of the town of Cadillac, within the Rouyn-Noranda Mining District, and located approximately 10km north-west of Canada’s largest operating open-pit gold mine Canadian Malartic, operated by Agnico-Eagle Mines Limited and Yamana Gold Inc (Source: https://canadianmalartic.com/en/about-us/).

The Chibex South property covers two past producing mines, the West Malartic Mine (mined 1942 – 1946) and the Pan Canadian #2 mine (mined 1938). The West Malartic Mine contained one vertical shaft developed to a depth of 1,231 feet with nine historical levels totalling some 14,550ft of drifting and cross-cutting. Historical production from May 11th, 1942 – January 1946 at West Malartic produced a total of 308,332 tons of ore that yielded 35,582oz gold and 1,178oz silver for an average grade of 3.94 g/t gold.

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