D’Or Val cuts new vein on Beacon gold property LD

A 20 ft section of gold quartz mineralization has been pulled by D’Or Val Mines in the Discovery vein at its Beacon mine just east of Val d’Or, Que.

The vein material in this diamond drill hole, No. 124-17 — from the west end of a new drift on the 1,000 ft level — averaged 2.75 oz gold per ton over the 20 ft. Within this section, a 3.6 ft section carrying pyrite with quartz, tourmaline and minor specks of visible gold averaged 15.02 oz gold per ton.

Diamond drilling is now under way from the 1,410 ft level to test the down dip extension of the Discovery vein for the possible continuation or repetition of this high grade gold intersection.

A final production decision on the Beacon mine is awaited. Feasibility studies are now in preparation, the company says. A member of the Hughes-Lang group of companies, D’Or Val has spent nearly six years performing surface and underground exploration on the property.

The company says that if and when the mine does attain production it will be a conventional operation and would probably start around 450 tons per day. Exploration has been concentrated on the Discovery, Arrow, Eureka and LeRoy ore bodies. Exploration crosscuts and drifts are being advanced on several of the levels to produce feasibility study data.

Meanwhile, the company says its 750-ton per day concentrating plant is scheduled to be in initial operation in March processing custom ore. At press time, all of the construction permits had been received. The fine ore bin and conveyors are completed with agitator and thickener tanks now under construction.

The crusher is in place and slatted to start tune up towards the end of January with the object of bedding the machinery down in February by processing some 8,000 tons of low grade ore.

The water supply system including the pump house and 3-mile delivery pipeline is installed and tested. The tailing pond is completed with the delivery and water recovery pipeline ready for testing.

President Frank Lang says the company raised a total of $10.9 million in 1986. He says that with the funds on hand and to be received through the exercise of warrants and options will make it possible for the company to attain production with no corporate debt and with 17.5 million fully diluted shares issued.