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Meadowbank Project
Meadowbank
Country
Canada
Province
Nunavut
Close to
Baker lake
Status
PRODUCTION
Surface
305 km² / 75,417 acres
Latitude / Longitude
64 N 19 / 96 w 05
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Risk and valuation analysis of the Meadowbank Project
Status Risk : Production
Country Risk : Very Low
Resource Risk : 64.00%
In situ value
7,770,816,269 $
Title(s) of the Meadowbank Project
Agnico-Eagle Mines Limited
Owner: 100%
Title
Company Profile
All Projects
Company website
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On February 14, 2007, it was announced that Cumberland and Agnico-Eagle had entered into a definitive agreement in which Agnico-Eagle would make an all share exchange offer for all outstanding and fully diluted common shares of Cumberland. The exchange was completed on July 9, 2007.
Location of the Meadowbank Project
The Meadowbank gold project is located in the Nunavut Territory of Canada in the Kivalliq district and lies in the Third Portage Lake area, approximately 70 km north of the Hamlet of Baker Lake, near the western shore of Hudson's Bay.
History of the Meadowbank Project
In the 1980’s, regional grassroots exploration programs outlined gold bearing Archean greenstone belts in the Baker Lake area. Asamera Minerals (with sixty percent interest) and Comaplex (with forty percent interest) were partners in the project. In
more...
Geology of the Meadowbank Project
The Meadowbank comprises a series of Archean-aged gold deposits hosted within polydeformed rocks of the Woodburn Lake Group; part of the series of Archean Supracrustal assemblages forming the Western Churchill supergroup in northern Canada.
Reserves and resources of the Meadowbank Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Probable
32,773,000
3.45
3 635 184
Proven and Probable
32,773,000
3.45
3 635 184
Indicated
21,956,000
2.17
1 531 807
Mesured and Indicated
21,956,000
2.17
1 531 807
Inferred
4,953,000
2.78
442 695
Total
59 682 000
5 609 685
Definitions
Reserves and resources of the Meadowbank Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
5 609 685
3 635 184
3 635 184
1 531 807
1 531 807
442 695
oz
7 758 194 477 US$
Production Objectives
Metal
2013
2014
2015
2016
2017
2018
GOLD (oz)
360,000
360,000
360,000
360,000
360,000
360,000
Exploration and drilling
3/13/2011
(Agnico-eagle)
reports fire at its kitchen facilities at its Meadowbank min...
4/30/2010
(Agnico-eagle)
reports Q1 2010 results; Record quarterly revenue and gold p...
1/5/2007
(Cumberland Res.)
Receives Project Certificate for Meadowbank Gold Project: Ne...
11/20/2006
(Cumberland Res.)
Receives Federal Approval for Development of Meadowbank Gold...
8/31/2006
(Cumberland Res.)
Receives Positive Recommendation from the Nunavut Impact Rev...
7/18/2005
(Cumberland Res.)
Announces Permitting of Meadowbank Gold Project Advances to ...
Discoveries and Drilling Results
3/4/2009
(Agnico-eagle)
provides exploration update on 2008 activities
9/7/2006
(Cumberland Res.)
Reports on Recent Drill Results from Meadowbank Gold Project...
6/30/2006
(Cumberland Res.)
Reports on New Gold Zone at Meadowbank and Advances Cannu Dr...
4/17/2006
(Cumberland Res.)
starts 2006 drilling programme at Meadowbank
Location
Data last updated on : 12/31/2008
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Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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