The company also said that it completed one-third of its 150,000-metre drill program at the project designed to convert inferred resources at Val-d’Or East into indicated. Results of the 135 holes drilled this year are pending. The company has nine drill rigs at the project, with seven of them located on the Monique project.
“Along with the previous results, we are seeing a shift towards thicker, higher-grade material as we continue to delineate the gold systems at Monique,” said the company’s CEO David Palmer in a press release. “We are advancing quickly with resource expansion, conversion and updating our current gold resource as we move the project towards its pre-feasibility study.”
Located about 25 km east of Val-d’Or, Monique is one of three past-producing mines at the project. It began commercial production in 2013 and ceased in 2015. During that time, a total of 580,000 tonnes of mineralized material was…
