Cochenour

Cochenour is a potential new source of ore located five kilometers from Red Lake. The mine sits on the old Cochenour-Willans mine site, which we acquired in 1997, and includes the Bruce Channel gold discovery immediately south of the mine. The site is connected to Red Lake by a five-kilometre haulage drift, and ore will be processed at the Red Lake Campbell Complex.

Building on the positive pre-feasibility study, the development focus will shift from drill platforms to lateral development in 2018. The new mine plan is expected to contribute 5,000 to 10,000 ounces in 2018 and approximately 30,000 to 50,000 ounces annually to the overall production to the Red Lake district once in production, expected in 2019.

Concept study on processing and economics of mine – completed

Pre-feasibility study – completed

Production expected – 2019

Cochenour is in the eastern part of the Red Lake Greenstone Belt in the Birch-Uchi Lake Subprovince of the Superior Province, within the core of the Canadian Shield. Like Red Lake, it sits in the oldest sequence of the belt.

The goals of the exploration program at Cochenour are:

• developing a robust geological model for the entire deposit that will be the basis for future reserve and resource growth.

Read more about our exploration program.