Mining Methods at Canadian Malartic

Canadian Institute of Mining, Metallurgy and Petroleum
E. V. Neelands
Organization:
Canadian Institute of Mining, Metallurgy and Petroleum
Pages:
16
File Size:
5607 KB
Publication Date:
Jan 1, 1939

Abstract

THE Canadian Malartic mine is in Western Quebec, about fifty miles east of Noranda and forty miles south of Amos on the Canadian National railway. The recently constructed branch of the railway from Rouyn to Senneterre passes half a mile north of the mine. HISTORY he property was discovered in 1923 'by St. Barbe Sladen, H. S. Kennedy, and J. C. Carroll, who were prospecting for an Ottawa syndicate and found gold in a small quartz vein near the present workings. Five claims were staked and were optioned to an exploration company, who allowed the option to lapse after surface sampling and diamond drilling eighteen holes. Some months later, the property was sold to Malartic Gold Mines, Limited, who carried on development until 1929. A vertical shaft was sunk and exploration work done on three levels, supplemented by diamond drilling 16 surface holes and 62 underground holes. The work indicated that the important ore occurred in two silicified.zones in schisted greywacke which intersected west of the shaft and were believed to be controlled by a drag-fold. The ore grade was not considered sufficiently favourable to war-rant an operation, and work was terminated. With the advance in the price of gold to $35 per ounce, interest was revived and a new Company, Canadian Malartic Gold Mines, Limited, was incorporated for further development. The shareholders of the old Company accepted a new position under which their interests were protected, and sufficient treasury shares were optioned to Ventures, Limited, and Sudbury Basin Mines, Limited, to provide funds for further exploration of the prop-erty to determine whether, under the new economic conditions, profitable operation would be possible, and, if advisable, to provide the equipment for production. Additional claims were acquired, bringing the total area up to 1,029 acres.
Citation

APA: E. V. Neelands  (1939)  Mining Methods at Canadian Malartic

MLA: E. V. Neelands Mining Methods at Canadian Malartic. Canadian Institute of Mining, Metallurgy and Petroleum, 1939.

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