Kivalliq District, Nunavut Territory
The exciting discovery of our Amaruq deposit has the potential to transform our business, and the future of Nunavut, for decades to come. We are currently advancing our plans to develop the new Amaruq discovery as a satellite deposit to the nearby Meadowbank mine.
Kivalliq District, Nunavut Territory, Canada
The Amaruq property is located on Inuit-owned and federal crown land, approximately 55 km north of the Meadowbank mine. First discovered in 2013, it hosts the Whale Tail gold deposit as well as the I, R, V, and Mammoth zones, and several other targets. Results continue to indicate significant gold-bearing zones that are all open along strike and at depth. The project has 19.4 million tonnes of inferred resources grading 5.97 grams of gold per tonne (containing 3.71 million ounces of gold), with approximately 77% of the resource contained in Whale Tail deposit.
The application to amend the Amaruq Type B exploration license for the construction of an underground ramp/portal and the excavation of a bulk sample submitted on March 31, 2016 is progressing well. Approval is expected in early 2017.
Regulatory review of the Environmental Impact Statement submitted at the end of June 2016, to the Nunavut Impact Review Board (NIRB) and the Nunavut Water Board (NWB) in support of the Whale Tail satellite pit project, is ongoing. The project certificate and Type A water license are expected at the beginning of the third quarter of 2018.
The Amaruq property covers 40 km of the Woodburn Lake Group of Archean supracrustal rocks, the same sequence as at the Meadowbank mine. This is within the Rae domain of the Western Churchill geological province of the Canadian Shield. These rocks were possibly deposited in a continental rift setting and consist of mafic to ultramafic volcanics interlayered with carbon-rich sedimentary rocks. The rock sequence has since been intruded by granitoid rocks and common lamprophyres, and affected by multiple phases of ductile deformation along with metamorphism to greenschist facies and locally to the upper greenschist facies.
Six zones of gold-bearing quartz-pyrrhotite-arsenopyrite veining/flooding within volcano-sedimentary rocks have been discovered – Whale Tail, I, V, R and Mammoth 1 and 2 zones. The I, V, R and Whale Tail zones appear to be offset mineralized corridors striking east-northeast to northeast and dipping moderately to steeply southeast. The Whale Tail deposit, which appears to include up to five main horizons, is the largest discovery so far. The shallowly-dipping V Zone could potentially represent a second source of open pit ore at the Amaruq project.