Development work at the Louvicourt base metal deposit near Val d’Or, Que., is right on schedule, says Aur Resources (TSE) Executive Vice-President Howard Stockford. Cost of the work program for the Louvicourt deposit which is being developed for startup in 1995 buh Aur and Teck (TSE), is estimated to be $349.3 million.
Shaft sinking and underground development are being carried out by Dynatec Mining and a local Val d’Or mining contractor, Talpa. The 750-metre exploration shaft has now reached a depth of 550 metres. A 965-metre production shaft started in September has reached a depth of 230 metres. It is anticipated that exploration drifting on the 655-metre level will commence in February, 1993.
Stockford says once drifting is completed on the 655 level, delineation drilling of the orebody will be carried out on 30-metre centres. Current diluted minable reserves total about 24 million tonnes grading 3.89% copper, 1.95% zinc, 1.2 grams gold per tonne and 31 grams silver. The reserves extend from a depth below surface of 300 metres to 850 metres.
Design engineering of the mill complex is under way by Fluor Daniel Wright Engineering of Vancouver. Construction of surface facilities and environmental studies are also ongoing.
By the end of October, expenditures on the Louvicourt deposit, owned 45% by Societe Miniere Louvem (TSE), 30% by Aur and 25% by Teck totalled about $51 million.
Be the first to comment on "Louvicourt development continues"