South Malartic Exploration (MSU-V) and Richmont Mines (RIC-T) have arranged a custom-milling agreement for a bulk sample from South Malartic’s Croinor gold deposit, about 70 km east of Val d’Or, Que.
South Malartic will send a 20,000-tonne bulk sample from Croinor to Richmont’s Camflo mill near Val d’Or, rather than fire up the mothballed Chimo mill, 20 km from Croinor, which it acquired from Cambior (CBJ-T) in 2000. Alain Bellerive, South Malartic’s president, said the company had fallen back on custom-milling in order to get the milling done in a timely fashion and to “take advantage of the performance in the sector.”
The Chimo mill is still expected to process ore from Croinor once South Malartic makes a production decision. Croinor, with 4.6 million tonnes grading 2.1 grams gold per tonne in measured and indicated resources, is the site of an active drill program aimed at increasing that resource.
South Malartic, which holds a 75% interest in Croinor, plans to spend $1 million on underground development, on the bulk sample, and on trenching and drilling of targets around the known gold deposit. About 2,000 metres of drilling is planned and some 4.2 hectares of ground will be stripped.
Calgary-based Huntington Exploration (HEI-V) owns the remaining 25% of the project.
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