On Thursday, June 22, 2017, Red Cloud Klondike Strike Inc. will be hosting its 2nd Montreal Mining Conference. The event features presentations from
7 companies, including lunch presentations from Chris Bradbrook discussing gold and industry outlook followed by a presentation from Osisko Mining
Inc. Visit the event page for more details
on the day’s schedule. In this post, we provide a brief preview on the 7 presenting companies.
Osisko Mining Inc. (TSX:OSK) is focused on advancing its Windfall Lake Gold project located northeast of Val-d’Or, in the Urban-Barry
Greenstone Belt, targeting construction in 2019. A 400,000m drill program is underway at the project, which is to be included in a resource update
expected in 2017. To the west of Val-d’Or in the Abitibi region, the company owns the Marban Block property, which includes three past producing mines.
As of May 2017, 45,000m of drilling has been completed at its Garrison gold project in Ontario, with 25,000m of drilling added to the project.
Morning & Afternoon Presenters
Stornoway Diamond Corp. (TSX:SWY) operates Quebec’s first diamond mine, the Renard Mine in the James Bay region of north-central Quebec.
On January 1, 2017, the company began commercial production and on May 16, 2017, announced the mine had produced 1 million carats of diamonds. On average
Renard is expected to produce 1.6 million carats per year over a 14-year mine life.
Monarques Gold Corp. (TSXV:MQR) owns ~200km² of gold exploration properties along the Cadillac Break, which includes its flagship project,
the Croinor Gold property. In November 2016, Monarques acquired the fully-permitted 750 tpd Beacon Mill, which is ~60km from Croinor and in the vicinity
of the company's other properties, Simkar and Regcourt. Exploration activities are ongoing at Croinor, expecting the program to increase beyond 10,000m.
Metanor Resources Inc. (TSXV:MTO) owns the producing Bachelor mine northeast of Val d’Or, Quebec, producing ~35k oz Au per year. In addition,
the company owns exploration properties in Quebec and Ontario, including the Barry gold project located in the Urban-Barry district. The company is
continuing exploration activities on both its Bachelor mine and Barry project throughout the year, focusing on advancing its Barry project towards
production in 2018.
Superior Gold Inc. (TSXV:SGI)
acquired the Plutonic Gold Mine located in Western Australia in October 2016, producing over 5 million oz
Au from open-pit and underground operations since 1990. The company has guided ~75-80k oz Au of production for 2017, achieving 20,769 oz Au of production
in Q1 2017. In the near-term, the company is focused on increasing annual production to 100k oz Au in 2018 and eventually beyond through exploration
and expansions at the mine.
Alexandria Minerals Corp. (TSXV:AZX) owns a portfolio of properties in Quebec, Ontario and Manitoba. The gold explorer and developer
is focused on its Cadillac Break property in Val d’Or, undertaking a drill program to update the resource estimate by the end of 2017. The company
recently entered an option agreement with Golden Valley Mines (GZZ) to earn an 80% interest in the Centremaque Property, near Zone 4, the target
of recent drilling.
Bonterra Resources Inc. (TSXV:BTR) is focused on its ~8,126ha Gladiator project in the Urban-Barry Greenstone Belt northeast of Val
d’Or, Quebec. A resource development program is underway at the project, with expectations of a new resource in 2018. In addition, the company
owns the 2,221ha Larder Lake property along the Cadillac/Larder Fault Break in Ontario. In 2017, strategic investments have been made by the company
to expand its land position in the area, with the acquisition of the Thubiére gold property and an option to earn 100% interest in the Trove property.
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
Red Cloud Klondike Strike Inc.
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Toronto ON, M5C 1G6
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Company Specific Disclosure Details
Metanor Resources Inc. - TSXV:MTO - 2
Osisko Mining Inc. - TSX:OSK - None
Monarques Gold Corp. - TSXV:MQR - 1,2,4
Superior Gold Inc. - TSXV:SGI - None
Alexandria Minerals Corp. - TSXV:AZX - None
Bonterra Resources Inc. - TSXV:BTR - None
Stornoway Diamond Corp. - TSX:SWY - None
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