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Building …on a Proven Track Record
NWI
Did You Know
Did you know
that Chibougamau is only
as far north as Winnipeg?
Did you know
that the first mineral-
bearing indications in the Chibougamau
area were observed in 1870?
Did you know
that CBay has the most
prominent position in the Chibougamau
mining camp?
Did you know
that Chibougamau qualifies
for Plan Nord, launched in the spring of
2011 as the Quebec government’s plan for
development of territory north of the 49th
parallel, involving $80-billion in public and
private investment over the next 25 years?
CHIBOUGAMAU
CAMP
Bringing a legend,
BACK TO LIFE
Corner Bay
chibougamau
continued from page 1
“The CBay assets are a unique mix of
exploration, development and production projects
that require a similarly unique skill set to realize
their value,” said Mr. Galipeau. “With a career
that encompasses exploration, development,
production, M&A and project finance, Roland is
the ideal person to structure and finance these
mining and exploration projects within a new
public company and take them forward to benefit
all stakeholders.”
CBay’s land position covers 96,000 acres,
making it a dominant player in the Chibougamau
mining camp. Chibougamau is located about
500km north of Montreal. Copper and gold
production in the camp dates back to the early
1900s. The following table summarizes the past
producing Lac Doré Complex mines situated on
CBay’s property package:
Production
Production
Cu Grade
Au Grade
Historic
Mine
Periods
(tons)
(%)
(oz/ton)
Resource
Portage Mine
1959-97
6,212,934
1.77
0.114
Yes
Henderson 2 Mine
1960-88
6,483,479
1.6
0.041
Yes
Henderson 1 Mine
1960-71
1,818,976
2.23
0.045
Yes
Jaculet Mine
1960-71
1,202,119
1.93
0.055
Yes
Copper Rand Mine
1960-2008
16,445,493
1.8
0.089
Yes
Mine: Shaft #3
1960s
245,000
2.15
–
Yes
Copper Cliff Mine
1970-74
951,830
1.6
0.028
Yes
Cedar Bay Mine
1958-90
3,782,850
1.57
0.091
Yes
CBay’s objectives are to:
• Put three mines back into production by 2016;
• Develop sufficient resources to feed, partially
or fully, the 3,000 TPD mill, possibly including
custom milling;
• Embark on exploration programs to evaluate
the camp’s full potential, and;
• Create employment and growth in the
Chibougamau mining camp.
The most advanced project is the Corner
Bay copper deposit located approximately 20
kilometres from CBay’s Copper Rand mill.
Development of the high-grade Corner Bay
copper deposit began in 2007 for extraction of a
50,000 tonne bulk sample. Development ceased in
2008 due to the previous operator’s deteriorating
financial situation as a result of the worldwide
financial crisis and a significant drop in the price
of copper. A National Instrument 43-101-compliant
estimate of resources at Corner Bay, dated July 12,
2006, is available under the Campbell Resources
Inc. profile at www.sedar.com.
Corner Bay will likely be the first asset
developed for production, at a rate of about 500
TPD-650 TPD. Ideally copper production would
begin next year. Subsequently, the goal is to get
two additional mines up and running and operating
the mill at a rate in the neighbourhood of
2,500TPD-3,000TPD during 2016.
“CBay has a suite of assets that provide a
tremendous base to create a new, revitalized
copper/gold producer,” said Mr. Horst. “As the
value of these assets gets uncovered and becomes
recognized by the market this should be reflected
in the value of Nuinsco shares.”
The Lac Doré Complex has
produced 47.6 million tons
of ore containing 1.6 billion
pounds of copper and 3.2
million ounces of gold.
PORTAGE
S3
HENDERSON 2
HENDERSON 1
BATEMAN BAY
JACULET
COPPER RAND
COPPER CLIFF
CEDAR BAY
SHAFT #3
KOKKO CREEK
QUEBEC CHIB
MERRIL
MAIN MINE
CHIBKAY RAND
OBALSKI
-1000
-2000
-3000
-4000
-5000
5,877,661 T @ 1.61% Cu, 0.028 oz/t Au
15,837 T @ 1.06% Cu, 0.22 oz/t Au
2,692,506 T @ 2.17% Cu, 0.010 oz/t Au
745,189 T @ 1.15% Cu, 0.007 oz/t Au
264,000 T @ 1.74% Cu, 0.080 oz/t Au
3,782,850 T @ 1.57% Cu, 0.091 oz/t Au
951,830 T @ 1.61% Cu, 0.028 oz/t Au
16,620,000 T @ 1.80% Cu, 0.089 oz/t Au
1,200,000 T @ 2.2% Cu, 0.07 oz/t Au
565,000 T @ 2.09% Cu, 0.090 oz/t Au
316,732 T @ 0.37% Cu, 0.18 oz/t Au
1,818,976 T @ 2.23% Cu, 0.045 oz/t Au
6,483,479 T @ 1.60% Cu, 0.041 oz/t Au
8,151,115 T @ 1.77% Cu, 0.114 oz/t Au
245,000 T @ 2.16% Cu
5,877,661 T @ 1.61% Cu, 0.028 oz/t Au
CBay Owned Mines
Doré Lake Historic Mines
Indicated Reserves and/or Resources
Depth mined to date
All Lac Doré Mines
- 47,604,647 T @
1.69% Cu 0.068 oz/t Au
CBay Lac Doré Mines
- 37,142,681 T @
1.75% Cu 0.079 oz/t Au
Doré Lake Complex Historic Mines
1.50% Cu/5.00 m (3.40 m)
5.11% Cu/5.80 m (3.20 m)
2.13% Cu/2.55 m (0.94 m)
7.51% Cu/2.90 m (1.60 m)
2.06% Cu/2.71 m (0.89 m)
2.02% Cu/8.23 m (3.43 m)
incl. 3.29% Cu/3.98 m (1.66 m)
2.79% Cu/12.10 m (4.41 m)
3.28% Cu/2.01 m (0.73 m)
9.27% Cu/16.15 m (6.7 m)
0.65% Cu/1.09 m (0.42 m)
2.57% Cu/1.09 m (0.41 m)
4.97% Cu/7.07 m (2.31 m)
incl. 9.27% Cu/2.87 m (0.94 m)
1.59% Cu/1.23 m (0.44 m)
3.56% Cu/8.82 m (3.05 m)
5.13% Cu/5.84 m (2.02 m)
3.18% Cu/1.93 m (0.64 m)
3.38% Cu/9.47 m (3.13 m)
1.81% Cu/2.76 m (0.85 m)
1.97% Cu/3.54 m (1.09 m)
Sur face
200 m
400 m
600 m
800 m
1000 m
0+00
2+00 S
4+00 S
6+00 S
8+00 S
10+00 S
CORNER BAY
DEPOSIT
To Be
Explored
S H E A R Z O N E
D
I
A
B
A
S
E
D
Y
K
E
0
200 m
Mineralized Intercepts:
Main vein/West of dyke
Main vein/East of dyke
East vein/East of dyke
L E G E N D
Results:
Copper assays (%)
5.11% Cu/5.80 m (3.20 m)
Core length (m)
Estimate true thickness (m)
N
S
CB-05-91
CB-05-92
CB-95-01
CB-05-95
CB-05-96
CB-05-93
CB-05-97
CB-05-91
CB-05-94
CB-05-98
F-44W
F-44
F-101
CB-05-97
CB-05-93
?
?
?
?
?
NWI
Location
Quebec, Canada
Ownership
50%
Commodity
Copper/Gold
Project Status
Exploration/Development
Chibougamau
Val D’or Quebec
Montreal
4 NWI
:TSX
Nuinsco Resources Limited