Monarch takes first step in Wasamac mining permit application
Emerging gold mining company Monarch Gold on Wednesday filed a project notice with the Quebec government for its Wasamac project, marking the first step in the mining permit application process, which generally takes 18 to 24 months.
Located about 15 km west of Rouyn-Noranda in the Abitibi-Témiscamingue region, Wasamac is forecast to produce an average of 142 000 oz/y over an 11-year mine life at an all-in sustaining cost of C$826/oz.
Monarch CEO Jean-Marc Lacoste commented that Wasamac was expected to create more than 400 jobs during the construction stage and about 300 jobs once the mine goes into production.
The company also intends to make Wasamac a Mining 4.0 project, combining new technologies and respect for the environment.
“The proposed project will feature new production technologies such as the Rail-Veyor electrically powered, remote-controlled underground haulage system and will include an almost entirely electric fleet of production and development equipment.
“Our projections indicate that the use of electricity and automation will allow us to produce at a lower cost and minimise our environmental footprint."
Broadly speaking, the Wasamac project consists of an underground mine producing 6 000 t/d on average, construction of underground ore haulage infrastructure, construction of a mineral processing plant, preparation of waste rock, tailings and overburden storage areas, and the establishment of related infrastructure.
The December 2018 feasibility study indicates that the Wasamac deposit hosts a measured and indicated mineral resource of 29.86-million tonnes at an average grade of 2.70 g/t gold for a total of 2.6-million ounces of gold, and proven and probable mineral reserves of 21.46-million tonnes at an average grade of 2.56 g/t gold, for a total of 1.8-million ounces of gold, with the deposit remaining open along strike and at depth.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation