4
By virtue of a vast 39,000
ha property position and
physical assets (3,000
TPD mill and permitted
tailings facility), CBay
Minerals Inc. (“CBay”),
50%-owned by each
of Nuinsco and Ocean
Partners Holdings Limited (“Ocean
Partners”), has a dominant position in
the historic Chibougamau mining camp
located about 500 km from Montreal in
northwestern Quebec.
In addition to the mill, the tailings facility
and an extensive package of known copper-
and gold-bearing exploration properties,
most of which have not been explored for
decades, CBay’s assets include eight past-
producing mines (with exploration upside)
representing 75% of total copper and gold
production from the Lac Doré Complex.
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. The CBay assets also
incorporate several development-stage
properties, including the partially-developed
high-grade Corner Bay copper deposit.
The Corner Bay copper deposit is
located on the south flank of the Lac Doré
Complex, approximately 45 km from
CBay’s Copper Rand mill. Development
of the high-grade Corner Bay deposit
began in 2007 for extraction of a 50,000 T
bulk sample. Development ceased in 2008
Location:
Quebec, Canada
Ownership:
50%
Commodity:
Cu/Au
Project Status: Development/Exploration
CH I BOUGAMAU
QUEBEC
Production
Production
Cu Grade
Au Grade
Historic
Mine
Periods
(tons)
(%)
(oz/ton)
Resource
Total
37,142,681
1.75%
0.079
Copper Rand Mine
1960-2008
16,445,493
1.8
0.089
Yes
Cedar Bay Mine
1958-90
3,782,850
1.57
0.091
Yes
Jaculet Mine
1960-71
1,202,119
1.93
0.055
Yes
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
Mine: Shaft #3
1960s
245,000
2.15
–
Yes
Copper Cliff Mine
1970-74
951,830
1.6
0.028
Yes
Past-Producing Mines: CBay Property Package
3,000 TPD Copper Rand mill
