Kivalliq region, Nunavut Territory
The Meliadine advanced-stage gold project in Nunavut Territory, northern Canada is Agnico Eagle’s second major project in Canada’s Low Arctic, following the Meadowbank mine. Meliadine is our largest development project based on reserves and resources.
Kivalliq region, Nunavut Territory, Canada
The high-grade Meliadine gold project has 3.4 million ounces of gold in proven and probable reserves (14.5 million tonnes at 7.32 g/t) and a large mineral resource – the reserves are in the Tiriganiaq and Wesmeg deposits, and the resources are in Tiriganiaq and Wesmeg plus another five nearby deposits within a large land package covering an 80-kilometre-long greenstone belt. The property is located near the western shore of Hudson Bay in the Kivalliq region of Nunavut, about 25 km north of Rankin Inlet and 290 km southeast of our Meadowbank mine.
Archean volcanic and sedimentary rocks of the Meliadine greenstone belt underlie the property. The rock layers have been folded, sheared and metamorphosed. They trend west-northwest, dip steeply to the north, and have been overturned. The rock units are truncated by the Pyke Fault, a regional structure that extends the entire 80-km length of the property. Pyke Fault appears to control gold mineralization on the property. The Meliadine greenstone belt is like a smaller scale version of the Abitibi Greenstone Belt and its Cadillac-Destor-Porcupine Fault, which have hosted many prolific gold and polymetallic mines, including our LaRonde, Lapa and Goldex mines.
North of Pyke Fault is a splay (the Lower Fault) that separates sedimentary and volcanic rocks. The sedimentary sequence contains a series of oxide iron formation consisting of a northern magnetite-rich "upper" oxide iron formation and two southern "lower lean" weakly magnetic iron formations. These two oxide iron formations host five of the Meliadine deposits including the Tiriganiaq zone. The sixth deposit (Wesmeg/Normeg) is hosted by the Wesmeg mafic volcanics. The deposits are a combination of mesothermal quartz veins associated with the fault system as well as quartz lodes or sulphide replacement in the iron formation.
The Meliadine project has approximately 14.5 million tonnes of proven and probable reserves grading 7.32 grams of gold per tonne, containing 3.4 million ounces of gold, as of December 31, 2015.
On the basis of gold content, 98% of the reserves, 41% of the indicated resources and 21% of the inferred resources are in the Tiriganiaq deposit. Wesmeg accounts for the other 2% of the reserves and 17% and 16% of the indicated and inferred resources, respectively. Normeg accounts for 7% of the indicated resources and 20% of the inferred resources. The Discovery deposit accounts for 14% of the indicated resources, F zone accounts for 12% of the indicated resources and 9% of the inferred resources, Pump accounts for 16% of the inferred resources, and Wolf accounts for 14% of the inferred resources. All deposits remain open at depth and down-plunge, giving the project potential for considerable growth.
Meliadine Project Mineral Reserve & Resource Data as of December 31, 2015