Cambior to produce from Pascalis Mine

A positive production decision has been made by Cambior Inc. (TSE) for its Pascalis Mine located 15 miles east of Val d’Or, Que.

The production decision is the second made by Cambior this year and is conditional upon confirmation of a government grand and approval of environmental authorities. A total of $15.5 million will be required over the next 11 months to bring the Pascalis Mine into full production, the company says.

Pre-production expenditures include the construction of an on-site mill which will produce a gold concentrate that will be trucked to Cambior’s Vezina mill in Rouyn- Noranda for final gold recovery.

Proven and probable reserves established by underground exploration stand at 1.28 million tons grading 0.10 oz gold per ton (including dilution). Because of the ideal geometry of the orebody and the excellent ground conditions, a bulk mining method using blasthole stoping has been selected by Cambior for the Pascalis Mine.

Cambior has gold production from the Doyon and Vezina mines in Quebec and the Valdez Creek Mine in Alaska. In June, the Company sold its 34%-interest in the Red Lake area Arthur White mine to Dickenson. Cambior forecasts gold production in excess of 185,000 oz this year.