The Camflo property, located 15 kilometres northwest of Val-d’Or, includes the old Camflo mine, which closed in 1992 after producing 1.6 Moz of gold, and a permitted mill. The property has not been explored since the mid-1980s. Agnico Eagle recently identified porphyry hosted gold mineralization that could potentially be mined via an open pit. A 22,000 meter, $5 million exploration program is ongoing on the property.
During 2023, Agnico completed more than 14,000 meters of drilling in 60 positions on Camflo which marks the first exploration drill program since the 1.6 Moz past-producing deposit was closed in 1992.
Notable intercepts include:
- 1.5 g/t gold over 81 meters (Zone 1,2)
- 3.3 g/t gold over 38.7 meters (Diorite Zone)
- 3.2 g/t gold over 16.2 meters (Diorite Zone)
- 3.7 g/t gold over 7.1 meters (New Mineralized Zone)
- 1.6 g/t gold over 20.3 meters (Zone 1)
The second phase of exploration drilling at Camflo will test for potential lateral extensions of mineralization and infill known zones.
Interest: 1% NSR Royalty
Location: Val d'Or, Quebec
Project Status: Exploration
Counterparty: Agnico Eagle Mines