The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
Jonathon Naylor Editor Alexis Minerals, the company hoping to restart the former New Britannia gold mine in Snow Lake, says it is in better financial shape thanks to success at its gold mine in Quebec. The company says that in the fourth quarter of 2011, it milled 31,551 tonnes of ore at an average grade of 4.47 grams of gold per tonne with a recovery rate of 84.08 per cent from its Lac Herbin mine in Val-D'Or. This produced 3,726 ounces of gold. All told, Lac Herbin produced 10,197 ounces of gold from 80,417 tonnes of ore in 2011, the Toronto-based company said. 'Since the beginning of the turnaround of the Lac Herbin mine, many aspects of operations have been improved by the team in Val d'Or,' said François Perron, president and CEO, in a news release. 'Following announcement of the plan and subsequent recruitment and deployment efforts, the mine is now realizing production results. 'Significant progress' 'The fourth quarter shows that significant progress is being made. We continue to ramp up access to more openings underground and balance our development efforts. 'Fourth quarter production shows that we have are well on our way to achieving our 2012 objectives and the team's focus remains on the ramp up as part of the continued turnaround plan.'
