In a bid to expand current reserves on the Pandora gold mine property in Cadillac Twp., Que., American Barrick Resources will begin a 25,000-ft surface drilling program later this month.
A former gold producer, the property includes 2 1/2 miles of the highly productive Cadillac gold structure located four miles east of the former O’Brien gold mine and 15 miles northwest of the Malartic gold camp.
Queenston Gold Mines has been informed that American Barrick will spend $600,000 to test a number of gold targets in the central and eastern portions of the property.
“If as expected, current reserves of approximately one million tons grading 0.08 oz gold per ton can be enlarged, the property could become an open pit operation,” said Queenston President Michael Gray.
“Novamin Resources of Montreal has outlined over 600,000 tons grading 0.176 oz gold in its Tonawanda property adjacent to Pandora’s eastern boundary,” said Mr Gray.
American Barrick has earned a 75% interest in the former Queenston property by conducting a surface and underground program within the western region of the property in the early 1980s.
Under a recent agreement, American Barrick is financing the current program but Queenston retains a 25% working interest in any gold production.
As reported (N.M., Aug 17/87) the Pandora mine produced 196,929 tons grading an average 0.16 oz from 1939 to 1942.
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