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Young-Davidson mine, Canada

29th March 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name: Young-Davidson mine.

Controlling Company: AuRico Gold (100%).

Location: The Young-Davidson mine is located in Matachewan, about 60 km west of Kirkland Lake, Ontario, Canada.

Brief History: Northgate Minerals acquired the Young-Davidson mine in 2005. In October 2011, AuRico Gold acquired Northgate Minerals, which included the Young-Davidson mine. Construction activities progressed during 2011, advancing the Young-Davidson mine to its first gold pour on April 30, 2012.

Brief Description: The property consists of contiguous mineral leases and claims, totalling 4 452 ha and is situated on the site of two previously producing mines that produced one million ounces from 1930 to 1950.
Mining Method: Openpit and underground.

Products: Gold.

Major Infrastructure and Equipment: The mine comprises surface and underground facilities, including the shafts and hoisting facility, the tailings-storage facility, the processing plant and the upgraded 47 km transmission line connection to the Hydro One grid.

Surface facilities consist of a modern 6,000 t/d process plant using conventional gold-processing technology, an administration/engineering building, a warehouse and a maintenance shop.

Reserves: Total proven probable reserves for openpit mining as at December 31, 2012, were 45.46-million tons, with a grading of 2.6 g/t of gold.

Resources: Total measured and indicated resources as at December 31, 2012, were 9.821-million tons, with a grading of 2.71 g/t gold. Inferred resources were 14.01-million tons, with a grading of 2.8 g/t gold.

Geology/Mineralisation: Young-Davidson is situated within the south-western part of the Abitibi greenstone belt, one of the largest greenstone belts in the world, with historic production of 160-million ounces of gold. The Abitibi consists of a complex and diverse array of volcanic, sedimentary and plutonic rocks typically metamorphosed to greenschist facies grade, but locally attaining amphibolite facies grade. Within the Abitibi lies the Kirkland-Larder Lake trend, which is home to several gold camps, including Young-Davidson, with combined historic production of 34-million ounces of gold.

Gold mineralisation at Young-Davidson is associated with a syenite intrusive rock – a quartz granite. Within this syenite, the gold mineralisation is associated with a stockwork of quartz veinlets and narrow quartz veins, which are rarely more than a few centimetres thick that are within a broader halo of disseminated pyrite and potassic alteration. Historic mining demonstrated the continuity of mineralisation from surface to a depth of about 500 m. Mineralisation is known to extend beyond 1 500 m below surface (orebody open at depth); however, current drilling below this level will not be initiated until suitable underground drill platforms become available. Other mines along the Kirkland-Larder Lake trend were mined to depths of more than 2 000 m.

Prospects: In late 2013, AuRico plans to develop the YD West deposit and establish an underground drilling platform to better explore  the main deposit and the YD West target below the 9 000 m  level, which remains open to the east, west and at depth.

Contact Person: Executive VP corporate affairs, Trent Mell.

Contact Details:
AuRico Gold
Tel +1 647 260 8880
Fax +1 647 260 8881
Email info@auricogold.com
Website http://www.auricogold.com

Edited by Creamer Media Reporter

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