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Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Example of a profitable underground mine with 1.6 M ounces @ 2 g/t Au

Great post, Fantomas.

The Goldex deposit bears some striking parallels to the geology at Timmins only it starts at approx 400 metres depth while Timmins is at surface. Go see for yourself, here's some links and information.

Comprehensive video: http://www.youtube.com/watch?v=bR1fJBYcKco&feature=youtube_gdata

Geology: http://www.agnico-eagle.com/English/Our-Business/Operating-Mines/goldexmine/Geology--Mineralization/default.aspx

The sequence of intermediate to mafic and ultramafic volcanic rocks dip steeply to the northeast. They are intruded by a large table-shaped quartz-diorite body


Mining and Processing: http://www.agnico-eagle.com/English/Our-Business/Operating-Mines/goldexmine/Mining--Processing/default.aspx

Goldex processing facilities include grinding, a gravity circuit to recover coarse gold

2004 – Based on a new reserve and resource estimate for GEZ and a revised feasibility study, Agnico-Eagle undertakes a $4.7-million underground bulk-sampling program. The bulk sample returns a grade about 10% higher than the earlier grade.
2005 – A new reserve and resource estimate is completed for the GEZ which, coupled with a revised feasibility study, leads to a probable reserve estimate of 1.6 million ounces of gold contained in 20.1 million tonnes of ore grading 2.54 grams per tonne gold. Agnico-Eagle approves construction of the Goldex mine.
Sure is lots of information available telling me that we are undervalued - just on our known deposits. Funny thing is that I've tried to find better deals out there, and when you consider the location of where this is...there really ain't that much even close. And if it is remotely close they aren't working the property...and I saw with my own 2 eyes that this guys are going at it hard. 24/7 style.

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