Bachelor Lake

Technical Report NI-43101 (Stantec) – Lac Bachelor – 2011-04-26 (PDF – 6.8 Mb)

Bachelor Lake targeting Q3 2012 for full production

Since the acquisition of the old Bachelor mine by Metanor Resources Inc., the surface infrastructures were put back in good working order: the hoist room, shaft house, compressors, administrative and technical offices, the core shack as well as bunkhouses which can welcome more than one hundred workers. The site also has a 50 hectare pond (bassin) to collect mill waste as well as a 5 hectare polishing pond (bassin). The 800 tpd ore mill was completely renovated and Metanor is now completing installation of a coal activated treatment system. This process will allow Metanor to reduce its ore recuperation cost.

The shaft sinking, which began during the course of 2010, was completed at the end of July 2011. In all, 536 feet were excavated, and the Bachelor mine shaft has now reached a depth of 2 384 feet. This work allowed access to three additional levels, levels 13, 14 and 15, which are 200 feet apart. During the second half of 2011, Metanor intends to start lateral development work on levels 13 and 14, in order to collect a 5 000 ton bulk sample and, simultaneously, start drilling work to build up confidence in the already existing resources and to define new ones.

Following the bulk sample collection, a feasibility study will be undertaken. Taking into account the positive conclusions of the prefeasibility study done in January 2010 by STANTEC and the actual price of gold, Metanor is planning to reach full production in Q3 2012. In the meantime, Metanor is contemplating the possibility of milling the numerous ore deposits surrounding its mill, as it is the only one in a 100 km radius.

The underground mining method of the gold deposit, mainly by shrinkage stopping, has produced 131 000 ounces of ore during the ’80s. Twelve levels, with ventilation and egress, have been developed. The first levels are accessible by a three-compartment shaft, and the deeper levels by a four-compartment shaft. The shaft pump is at a depth of 562 66m (1 846 feet). Underground access from the Bachelor mine into the Hewfran claims already exists on the 4th, 6th and 8th levels. During the 2004-2005 winter, the mine was dewatered in order to initiate an underground drilling program.

Description and location

The Bachelor Lake property is located in the Le Sueur Township (CL-740), approximately 225 km northeast of Val d’Or, Québec. It is a 2,5 hour drive from Val d’Or, via Highway 113, the provincial road between Val d’Or and Chibougamau, and 1,5 hours away from Chibougamau (165 km). Val d’Or and Chibougamau are major full service centres of mining and economic activities.

There are no land claim issues or ownership disputes pending with the Bachelor Lake property.

The Bachelor property now consists of 241 claims and 2 mining concessions covering an area of 7 566 73 ha:

The eastern block or “Geonova” (Bachelor Lake claims), which includes the old Bachelor mine, comprises 51 claims and 2 mining concessions, totaling 1 867 37 ha.
The western block (Hewfran claims) comprises 38 claims totaling 683 50 ha.
The Hansens block comprises 12 claims totaling 311 33 ha.
The MJL-1 and 2 comprise respectively 776 and 64 claims totaling respectively 1 672 12 and 3032 1 ha.