Chibougamau Explorers Mine

"The Chibougamau Explorers property comprises 35 claims or 1,726 acres in La Dauversiere and Rohault Townships along the west shore of Norhart Lake. The property is serviced by a twelve-mile all-weather high-way leaving the main St. Felicien-Chibougamau highway at mileage 121. This road junction will be a railway siding on the C.N.R. St. Felicien-Chibougamau branch line in early 1957. The property lies 30 miles due south from the town of Chibougamau. The mine-sponsored Chibougamau Explorers town has a population of 250 with 28 residences and a well equipped recreation centre.The original showing was found by Rider Storn, a prospector financed by Val d'Or interests during the 1950 field season. This showing did not stand up to detailed prospecting but it did lead to the discovery of the main zone by A. Oakley during the following winter.The company was incorporated in I 950 under the presidency of E. Ayrhart. Financing following the initial drilling involved an increase of capitalization from 3 to 5 million shares and the advent of financing and management control by Anacon Lead Mines Limited.Exploration and development to Jan. I, 1956, has included 42,331 feet of surface diamond drilling; 31,363 feet of underground drilling; a 3-compartment shaft to 1,245 feet, with 8 levels at 150-foot intervals; and I 1,054 feet of drifts, crosscuts, and raises. Ore reserves to the 900-foot level, proven and partly developed, total 546,725 tons averaging 0·30 ounces gold and 0·93 per cent copper. A mill with capacity of 500 to 750 tons will be installed by January 1956.GeologyThe Chibougamau Explorers property lies along the belt of Keewatin volcanics striking through Bachelor Lake, Opawica Lake, Doda Lake, Coapatina, Norhart Lake, and Rohault Lake, where it is in close proximity to the paragneisses of the Grenville series. The boundary of the paragneisses, a gradational contact, lies within a mile of the Chibougamau Explorers shaft collar."