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Home > Mining Companies > AuRico Gold > Articles > Young-Davidson
AuRico Gold

Young-Davidson

Oct 15, 2014



The Young-Davidson gold mine is located near the town of Matachewan, approximately 60 km west of Kirkland Lake in Northern Ontario, within the southwestern part of the Abitibi Greenstone Belt. The property consists of contiguous mineral leases and claims totalling 11,000 acres, and is situated on the site of two past producing mines that produced one million ounces in the 1930s–1950s.
 
Young-Davidson is the Company's cornerstone asset with a low-cost, solid growth profile, a long mine life and significant exploration potential yet to be realized. 

Geology
Young-Davidson is situated within the southwestern 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, home to several gold camps including Young-Davidson, with combined historic production of 34 million ounces of gold.

Mineralization
Gold mineralization at Young-Davidson is associated with a syenite intrusive rock (a quartz granite). Within this syenite, the gold mineralization is associated with a stockwork of quartz veinlets and narrow quartz veins, rarely greater than a few centimetres thick that are within a broader halo of disseminated pyrite and potassic alteration. Historic mining demonstrated the continuity of mineralization from surface to a depth of approximately 500 metres. Mineralization is known to extend beyond 1,500 metres 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 over 2,000 metres.

Exploration
In 2014, the Company plans to invest up to $1 million in exploration at Young-Davidson. 

Source: http://www.auricogold.com/operations/young-davidson/default.aspx

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October 15, 2014
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