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Lamaque is an underground gold project in Val-d’Or, Quebec. Eldorado acquired Lamaque from Integra Gold in July 2017.

Key Facts

Location Quebec, Canada
Mine type Underground
Metals mined Gold
Employees/contractors ~75
Deposit type Orogenic gold
Ownership 100%
Resources & Reserves 1.51 Moz Au @ 9.13 g/t Au*

* Based on indicated resource estimate announced by Integra on Mar 22, 2017. Cut off grade of 5 g/t.

2017 Outlook

A technical study is currently underway which will include 110,000 plus metres of drilling that supported the March 2017 resource model as well as information from a further 60,000 metres of drilling. The study will optimize the PEA for capital and operating costs to a pre-feasibility level of confidence and is expected to confirm maiden reserves for the Triangle deposit in Q1 2018.

Exploration

Drilling planned for the second half of 2017 includes testing of new exploration targets in the project area, step-out drilling on recent high-grade drill intercepts not yet correlated with known mineralized structures and additional drilling at the Triangle deposit on extensions of the C5 and C7 mineralized zones.

Indicative Operating Data

Estimated Life of Mine*
Tonnes milled 6.3 Mt
Au grade 6.96 g/t
Au recovery 93%
Annual Gold production 123,000oz
Sustaining cash cost US$634/oz

*Data based on Preliminary Economic Assessment dated May 5, 2017

History

July 2017 Eldorado acquires remaining outstanding shares to own 100% of Integra Gold and the Lamaque project.
May 2017 Preliminary Economic Assessment for the Lamaque project published.
2015 Eldorado acquires a 15% interest in Integra Gold following a Private Placement.

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