Risk and valuation analysis of the Augmitto & Cinderella Project |
Status Risk : Green exploration |
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Title(s) of the Augmitto & Cinderella Project |
| Yorbeau Resources Inc. Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Location of the Augmitto & Cinderella Project |
The Augmitto Block lies at the western extremity of the Rouyn Property, with the Cinderella Block adjacent to it, to the east.
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History of the Augmitto & Cinderella Project |
From 1936 to 1979, 67 exploration holes were drilled on the Augmitto Block. Beginning in 1979, Augmitto Explorations invested over $45 million in extensive surface and underground work that included the development of a 1,142-metre exploration ramp, a 250-metre shaft and extensive drifting on several levels.
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Geology of the Augmitto & Cinderella Project |
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The Augmitto and Cinderella Blocks lie in the Rouyn-Beauchastel segment of the Cadillac-Larder Lake Break, which represents the eastern extension of the Kerr-Addison mine horizon. The Augmitto mineralization is therefore situated in a structural and geological setting very similar to that of the Kerr-Addison mine, which produced about 11 million ounces of gold during its 58-year production life.
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