Ownership of 81 claims (about 3,120 acres) in the Dunlop Bay area of Matagami Lake in northwestern Quebec is reported by Northern Mining Explorations (ME).
Since 1985, numerous gold indications have been discovered, Vice- president Jean-Jacques Martel said. Exploration and surface drilling performed in 1977 and earlier this year added new auriferous indications within the Dunlop granite, while the Marcelle zone has been upgraded from the “possible” to the “probable” category, he said.
Underground exploration on the Marcelle zone is being considered by the company, but Martel said a feasibility study and additional exploration work will be necessary before any decision is made in this regard.
The company is hopeful of raising $1.2 million for exploration work this year.
Among the company’s other interests is the Landrienne gold property, near Amos-Barraute, and property in Quevillion, Tonnancourt and Holmes twps.
Meanwhile, the Matagami Lake area is the scene of increased mining activity. The producing copper- zinc-silver-gold Selbaie mine (BP Canada, Esso Minerals and TCPL Resources) will be joined by a second mine in the near future, with Noranda Inc. (TSE) set to officially open its Isle Dieu zinc-silver- copper-gold mine in September. (Ore from Isle Dieu will be treated by the concentrator located at the company’s Mattagami zinc-copper- gold-silver mine, which is being closed this year after 25 years’ operation.)
Other companies active in the area include Inco Ltd. and Vior Inc., and Dundee-Palliser Resources and North American Rare Metals.
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