The Sigma-Lamaque Complex : A New Geological Approach

The Sigma-Lamaque Complex is considered a lode-gold deposit characterized by narrow vein structures, which have been mined historically by underground methods. In addition to the narrow vertical structures, mining also took place on horizontal veins, ?North Dipper? veins and dykes mineralized with sub-horizontal veins and stringers. Over the 60 + years of production, mining took place to a depth of 1.8 km. The upper portion of the deposit was considered all but exhausted, when viewed from an underground mining perspective. The year 1998 is considered a turning point for the Complex when a small open pit was mined at Sigma. The resource evaluation methods used underground were applied to surface mining, which allowed small pits to be mined. The resource evaluation method considered only the narrow vertical structures and was not well adapted to open pit mining. As a consequence, resources were consistently under evaluated. It became clear that a new geological approach was necessary to more accurately define resources (i.e., what was being mined). In order to integrate all characteristics (geometry, mechanics and chronology) of this complex lode-gold deposit, a new geological model was proposed. Due to this new approach, dating to February 2000 and updated in December 2000, the reserves evaluated in the first 180 meters now stand at 15 million tonnes @ 2.61 g/t Au (1,265,350 oz). Those reserves cover an east-west corridor extending 1,500 m by 750 m.