Grades higher than expected at NSR’s Rand Malarctic bet

Now that the underground drilling of the 67 Zone at the Rand Malartic Quebec gold property of NSR Resources has been completed, the company plans to have a revised ore reserve study completed by mid-January 1987.

Tonnages estimated in 1985 of approximately 214,700 tons e 469 ft of raises have been driven on the vein structure between the fifth and third levels. “Completion of the current sampling program on the upper vein zone will allow a mine proven reserve estimate to be prepared,” he claims. Major drill program A major surface drill program is under way which is designed to examine the downdip extension of the main vein zone between the 650-ft and 1,500-ft horizons and also to confirm and upgrade the S zone reserves by in-fill drilling. Vein material accumulated during this and last year’s bulk sampling program is being processed at the Timmins GOMILL which is being operated by Pamour Inc. Getty Resources will supervise the program which is expected to yield metallurgical information for production planning. The joint venture is adding to its land position in the region having acquired the Allerston and Gonzales properties in September representing a total of 380 acres. In addition, Getty is negotiating with Esso Minerals Canada and Davidson Tisdale regarding farm-in agreements on their adjacent lands. Road access to the property has been upgraded so heavy equipment can now move in on a year-round basis. Hydro-electric power will be brought in which should reduce fuel costs.