Drift from Joubi reaches Dubuisson East property

Operator Western Quebec Mines (TSE) expects to be hauling ore from the Dubuisson East deposit near Val d’Or, Que., before month-end after completing a 1,000-metre drift from its neighboring Joubi gold mine.

Western Quebec President Conrad Hache says production from the Joubi mine will be 7,500 oz. gold in 1992, jumping to 12,500 oz. in 1993 as production at Dubuisson reaches full capacity. Ore is custom-milled by American Barrick Resources (TSE) at its nearby Camflo

complex.

At current gold prices, Joubi is a break-even operation, Hache says. Having paid out $200,000 to date, Western Quebec can elect to covert its lease on the Dubuisson East property into a 100% interest by making additional payments of $400,000 to owner Republic Goldfields (VSE). Minefinders (TSE) holds a 2% net smelter royalty on the property. Undiluted possible reserves above the 120-metre level at Dubuisson stand at 63,605 tonnes grading 7.59 grams per tonne.